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10 Mar 2010  5.00pm


Rockhopper Exploration PLC

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. Two wells have been drilled on Rockhopper licences during 1998 by Shell, who held the licences at that time. One recovered live oil, the other encountered significant quantities of gas.

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.

Rockhopper raised £50 million by way of an equity placing during late 2009 and will now participate in 5 wells during a drilling campaign in 2010 using the Ocean Guardian.

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