Rockhopper Exploration plc · LSE:RKH

Rockhopper Exploration — Corporate Update (January 2012)

13 slides from Rockhopper Exploration's corporate update, January 2012

  1. Slide 1: Rockhopper Exploration Plc January 2012 Update

    ROCKHOPPER EXPLORATION PLC January 2012 Update 1

  2. Slide 2: Disclaimer

    Disclaimer Forward looking statements Certain statements in this document are forward-­‐looking statements which are based on the Company's expecta<ons, inten<ons and projec<ons regarding its future performance, an<cipated events or trends and other ma@ers that are not historical facts. These statem

  3. Slide 3: Acreage Position

    Acreage PosiEon WGS 1984 UTM Zone 20S Licence RKH interest 0 kms 30 500 m 5 6 7 PL032 100% 49°S PL01 PL032 PL033 14/5-1A 14/10-3 ! 14/10-7 PL033 100% 14/10-4 ! " # 14/10-5 14/10-2 14/10-1 ! ## ! Sea Lion 14/10-6 14/10-8 PL03 14/10-9, 9Z 4c PL023 100% 14/15-4a, 4Z $ 14/15-3 04b " " "$ 14/15-2 14/15-1

  4. Slide 4: Financial Position September 2011

    Financial PosiEon 30 September 2011 $’million Resources available at 30 September 2011 131 Net liabiliEes at 30 September 2011 * (15) Net funds from shares placed on 12 October 2011 70 186 Expected drilling costs to complete campaign (72) 114 Notes * -­‐ includes campaign demobilisaEon provision 4

  5. Slide 5: Ocean Guardian Drilling Campaign Status

    Ocean Guardian Drilling Campaign Status Rockhopper Operated Wells • 393 days on hire to Rockhopper as Operator to Friday 6th January 2012 – 10 wells – 3 oil discoveries (Sea Lion, Casper, Casper South) – 3 gas discoveries (Casper, Casper South, Beverley) – 2 short offset sidetracks – 2 DSTs – 15 mini

  6. Slide 6: Asset Summary: Discoveries during 2010-2012 campaign

    Asset Summary Discoveries during 2010-­‐2012 campaign PL01 PL032 PL033 14/10-3 • Sea Lion SL20 – Oil 14/10-7 – 9 wells 14/10-4 14/10-5 SL10 14/10-6 14/10-1 14/10-2 • Casper – Oil & Gas 14/10-8 Casper 14/10-9, 9Z – 2 wells PL03 Beverley • Casper South Casper 14/15-4, 4Z – Oil & Gas South – 1 well 14/

  7. Slide 7: Sea Lion

    Sea Lion • 9 wells – 7 successful – 2 DSTs • Maximum Distance between successful wells – N-­‐S 14 km (10-­‐7 to 15-­‐4) – E-­‐W 7 km (10-­‐2 to 15-­‐4) 7

  8. Slide 8: Beverley / Casper South / Casper

    Beverley / Casper South / Casper • Further technical work required to refine understanding PL01 PL032 PL01 PL032 PL01 PL032 2200 2200 2200 2300 2300 2300 !"#$%&'("$)"*+ !"#$%&'("$)"*+ !"#$%&'("$)"*+ 2400 14/10-3 2400 14/10-3 2400 14/10-3 2500 2500 2500 14/10-7 14/10-7 14/10-7 2600 2600 2600 14/10-5 1

  9. Slide 9: Schematic Cross Section

    SchemaEc Cross SecEon NW SE NE SW ROCKHOPPER LICENCE PL032 LICENCE PL04b 14/10-3 14/10-4 15/14-4a PL01 PL032 PL033 B30 14/10-3 SL30 SL20 14/10-7 Chatham 14/10-4 14/10-5 SL10 14/10-6 14/10-1 14/10-2 B15 Kermit 14/10-8 Casper SL5 14/10-9 PL03 D e l t a To p S Beverley equence Casper 15/14-4a South 14/

  10. Slide 10: Resource Estimates

    Resource EsEmates • Further technical work ongoing to determine resource esEmates post the end of the drilling campaign • Final fully processed 3D seismic data available Q1 2012 10

  11. Slide 11: Exploration Upside

    ExploraEon Upside 500 m 5 6 49°S PL01 PL032 PL033 5 • MulEple play types on Rockhopper Acreage • Only Play type 3 (fans) targeted during 2010-­‐2012 drilling 4 campaign • 2011 3D seismic fully processed data available for 2 14/10-1A interpretaEon Q1 2012 14/10-3 • Further interpretaEon required to r

  12. Slide 12: Next Steps H1 2012

    Next Steps H1 2012 • Commence preparaEon for new Competent Persons Report • Commence Farm – Out process • ConEnue Development Planning 12

  13. Slide 13: Summary

    Summary • MulE well drilling campaign • MulEple oil and gas discoveries • Successful appraisal • Industry interest to enter data room • Fully funded to FID 13

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