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Results of 14/10-3 Exploratio
Results of 14/10-3 Exploratio.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n RNS Number : 1130B Rockhopper Exploration plc 11 February 2011 \n\nFor immediate release: 11 February 2011\n \nRockhopper Exploration plc\n \n(\"Rockhopper\" or the \"Company\")\n \nResults of 14/10-3 Exploration Well \n \nHighlights:\n \n· 64m good quality gross reservoir encountered\n· 7.3m net pay with low oil saturation\n· Live oil recovered to surface from MDT\n· Well, on a stand-alone basis, considered to be uncommercial\n· Results considered technically encouraging for reservoir development within Sea Lion \n \nRockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that exploration well 14/10-3 located in licence PL032, 8 km to the north west of the Sea Lion oil discovery was drilled to a total depth (TD) of 2,830m. The well was designed to explore the northern lobe of the sea lion fan feature and is the first well to be drilled in that area.\n \nThe well encountered good quality reservoir from 2,425m to 2,535m in a sequence of 4 main sandstone intervals. Within these 4 main sand intervals 64m of gross reservoir sand was encountered with net sand of 54m (a net to gross ratio of 84%).\n \nWireline log interpretation was carried out using Rw taken directly from downhole MDT water samples from each sand. Logs indicate that three of the sands encountered (Sands 1, 2 and 4) have high water saturations with hydrocarbon shows during drilling and in cores. Logging indicates that one sand (Sand 3) has net pay of 7.3m using a cut off of 70% Sw.\n \nThe reservoir is located beneath a thick regional shale seal. The sands which came in, as prognosed by the Company, are of good quality with average porosity of 18-20% and peaks of up to 25%. \n \n\n\n\n\n\n\n\nDepth\n\n\nAverage Porosity\n\n\nMDT \nSample\n\n\nSw\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSand 1\n\n\n2,425m - 2,446m\n\n\n18%\n\n\nWater\n\n\n>90%\n\n\n\n\nSand 2\n\n\n2,452m - 2,469m\n\n\n20%\n\n\nWater\n\n\n>90%\n\n\n\n\nSand 3\n\n\n2,473m - 2,481m\n\n\n18%\n\n\n20% live oil\n\n\n 63%\n\n\n\n\nSand 4\n\n\n2,517m - 2,535m\n\n\n20%\n\n\nWater\n\n\n>90%\n\n\n\n\n \nThe Company believes that S...