Rockhopper Exploration Plc · LSE:RKH

Rockhopper Exploration — Shareholder Meeting (2014)

12 slides from Rockhopper Exploration's shareholder meeting presentation, 2014

  1. Slide 1: Rockhopper Exploration AGM 2014

    ROCKHOPPER EXPLORATION AGM 2014 1

  2. Slide 2: Important Notice

    IMPORTANT NOTICE This Presentation does not constitute an offer or invitation or a solicitation of any offer or invitation for the sale or purchase of any securities in the Company. In addition, it is not intended to form the basis of or act as an inducement to enter into any contract or investment

  3. Slide 3: Rockhopper – A Well Funded, Full Cycle, Exploration Led Company

    ROCKHOPPER – A WELL FUNDED, FULL CYCLE, EXPLORATION LED COMPANY 2 FOCUSED AREAS – NFB, MED & NORTH AFRICA 2P Reserves 2C Resources Pmean Prospec>ve Oil Gas Oil Gas Oil Gas mmbbls bcf mmbbls bcf mmbbls bcf North Falklands Basin -­‐ -­‐ 144.01 277 494.02 -­‐ Ombrina Mare -­‐ -­‐ 25.1 8.0 14.5 -­‐ Nort

  4. Slide 4: Val d'Agri

    VAL d’AGRI MONTE GROSSO UNDRILLED HIGH VALUE PROSPECT Tempa Rossa (Total) 2P : 227 mm boe Wells : 6 ProducMon Forecast : 50,000bopd Val D’Agri (ENI) 2P: 553 mm boe Wells : 40 Current ProducMon: c. 80,000 bopd Max Historic Prod. : 120,000 bopd 4

  5. Slide 5: Sea Lion – Current Status

    SEA LION – CURRENT STATUS PRE FDP WORK ONGOING Sea Lion production profiles § TLP selected § phased development envisaged § TLP / SURF FEED awarded § Premier Oil indicated requirement to farm out § Discussions on-­‐going, Rockhopper working with Premier to bring in partner § Phase 1 § Current

  6. Slide 6: 2015 – High Impact Drilling – Potential to Double Resources

    2015 – HIGH IMPACT DRILLING – POTENTIAL TO DOUBLE RESOURCES CHATHAM JAYNE EAST • Sea Lion west flank appraisal to § Low risk / high value prospects determine presence or absence on east flank of gas cap § Excellent reservoir quality in F2 • Adds 65mmbbls to phase 1 if no sands predicted including ga

  7. Slide 7: 2015 – Drilling Schedule

    2015 – DRILLING SCHEDULE Gross P90 53 91 802 21 prospecMve Pmean 282 72 510 87 127 resources P10 741 207 1424 214 Equity 24% 24% 24% 24% 40% Net P90 13 2 19 5 prospecMve Pmean 68 17 122 21 51 resources P10 178 50 342 51 ZEBEDEE ELAINE/ISOBEL COMPLEX JAYNE CHATHAM 9% 15% 15% GCoS % & 12% 18% 13% 36%

  8. Slide 8: Key Assets Acquired

    KEY ASSETS ACQUIRED § Produc>on o Guendalina (Northern Adria5c) o Onshore Italy § Appraisal/development o Ombrina Mare (Abruzzo) o Northern Adria5c § Explora>on o Monte Grosso (Italy) o Malta o North Africa 2P Reserves 2C Resources Pmean Prospec>ve Oil Gas Oil Gas Oil Gas mmbbls bcf mmbbls bcf mm

  9. Slide 9: Key Exploration Assets: Monte Grosso

    KEY EXPLORATION ASSETS: Monte Grosso ON TREND WITH VAL D’AGRI COMPLEX & TEMPA ROSSA 22.89% operated interest The prospect is a direct analogue in the Serra San Bernado to the Total operated Tempa Rossa exploraMon permit in the Field which is currently under Southern Appennine development with anMcip

  10. Slide 10: Financial

    FINANCIAL § Cash as at 31 March 2014 $247 million § Market Cap $435 million* § EV $188 million § EV / 2P+2C $1.06 / boe** § Rockhopper share of 2015 NFB drilling campaign net of exploraMon carries $50 – 70 million § Rockhopper share of Sea Lion capex to first oil*** § 40% Working Interest $1,5

  11. Slide 11: Summary

    SUMMARY WELL FUNDED, FULL CYCLE, EXPLORATION LED E&P § SEA LION PRE FDP WORK CONTINUES § RIG CONTRACTED FOR 2015 NFB EXPLORATION § MOG ACQUISITION PROVIDES ADDITIONAL LOW COST GROWTH OPPORTUNITIES § FULLY FUNDED 11

  12. Slide 12: Board of Directors

    BOARD OF DIRECTORS DR. PIERRE JUNGELS, CBE -­‐ Chairman SAM MOODY -­‐ Chief Execu>ve Officer PhD in Geophysics & Hydraulics from California Co-­‐founder of Rockhopper ExploraMon. Previously at InsMtute of Technology. Previously worked at Shell, AXA Equity & Law Investment Management, St. Paul’s PetroF

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