Business
Sea Lion Oil Discovery-Comple
Sea Lion Oil Discovery-Comple.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n RNS Number : 1910M Rockhopper Exploration plc 19 May 2010 \n\n19 May 2010\n \nRockhopper Exploration plc\n(\"Rockhopper\" or the \"Company\")\n \nDrilling Programme Update\n \nSea Lion Exploration Well - 14/10-2 \nOil Discovery - Completion of Well \n \nRockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to confirm that well 14/10-2 on the Sea Lion prospect has been successfully suspended for future testing.\n \nThe well was drilled to a total depth of 2,744m and the duration of the rig hire was 35 days.\n \nWork continues on analysis of the results of the well The physical samples taken from the well are currently being transported to the United Kingdom by freight plane, and are due to arrive shortly. Based on that timetable, the Company anticipates making a further update within the next 10-15 days at which point it expects to be able to provide initial estimates of the potential size of the discovery.\n \nPierre Jungels, Executive Chairman, commented:\n \n\"I would like to thank the Company's staff, consultants and contractors for running such a professional and seamless operation during the drilling and suspension of our Sea Lion discovery.\n \nThe outcome is great news in itself, but it also demonstrates that small operators, with the correct planning by the Company, combined with the right support from outside experts and quality contractors, can work to the highest industry standards in terms of health, safety and respect for the environment whilst achieving excellent operational results. We can never be complacent in this regard and will seek to maintain this standard with the drilling of our Ernest prospect in the coming months.\"\n \nEnquiries: \n \nRockhopper Exploration plc\nSam Moody - Managing Director\nTel. +44 (0)20 7920 2340 (via M: Communications)\n \nM: Communications\nPatrick d'Ancona or Ben Simons\nTel. +44 (0)20 7920 2340\n \nCanaccord Genuity Limited\nElijah Colby/ Henry Fitzgerald O'Connor\nTel. +44 (0) 20 7050 6500\n \nNotes to Editors\n \nRockhopper was established in February 2004 with a strategy to invest in and carry out an offshore oil exploration programme to the north of the Falkland Islands. The Company floated on AIM in August 2005 and holds a 100 per...