Rockhopper Exploration ("Rockhopper") (AIM: RKH) is an AIM listed oil and gas exploration company based in the United Kingdom.
Rockhopper has licences to explore for oil and gas in the North Falkland Basin, a basin with two proven petroleum systems and a proven high quality oil source rock.
The company was admitted to AIM in 2005 and has since completed an extensive work programme in the area, including two 2D seismic surveys, a 3D seismic survey, four CSEM lines, site surveys and benthic sampling.
In February 2010, the Ocean Guardian drilling rig arrived in Falklands waters to carry out a multi-well drilling campaign. Rockhopper drilled an exploration well on its Sea Lion prospect during April and May 2010, the result of which is the first oil discovery and Contingent Oil Resource in the North Falkland Basin.
With the well on the Sea Lion prospect successfully flow tested during September 2010, the company is fully funded to undertake an extensive exploration and appraisal programme across all of its acreage during 2011.
The Company provides the following update in accordance with Schedule Six of the AIM Rules for Companies regarding its existing block listing arrangements.
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Rockhopper Exploration plc ('Rockhopper' or the 'Company') announces the grant of share appreciation rights ('SARs') relating to the Company's ordinary shares of 1 pence each ('Ordinary Shares')....
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Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that the Ocean Guardian drilling unit has been towed successfully from the 14/15-4 well location and is now off hire to Rockhopper.
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