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Montevideo, September 25th 2018 - 03:24 UTC

Rockhopper spuds second well in Falklands North Basin

Friday, July 23rd 2010 - 22:39 UTC
Full article 21 comments
Rockhopper Managing Director Sam Moody said oil found in Sea Lion prospect was crude medium Rockhopper Managing Director Sam Moody said oil found in Sea Lion prospect was crude medium

Rockhopper Exploration (AIM: RKH) announced that on Friday early morning it had spudded Ernest 26/6-1 exploration well in the North Falkland Basin, the second well the British company is drilling following the successful discovery of oil in its Sea Lion prospect.

The Ernest prospect is located on Licence PL024 and Rockhopper holds a 100% interest. The well is being drilled to an estimated target depth of circa 2,400 metres. Drilling operations are expected to take approximately 30 days.

Ernest is being drilled using the fourth rig slot in the overall drilling program of the ‘Ocean Guardian’ rig contracted by Desire Petroleum and leased to other companies operating in Falklands’ waters.

On completion of the Ernest 26/6-1 Exploration Well, it is currently anticipated that the Ocean Guardian will return to Rockhopper’s Sea Lion 14/10-2 Well (100% Rockhopper) to conduct flow testing on the oil discovery.

Rockhopper was established in February 2004 with a strategy to invest in and carry out an offshore oil exploration program to the north of the Falkland Islands. The Company floated on AIM in August 2005 and holds a 100% interest in four offshore production licences: PL023, PL024, PL032 and PL033 which cover approximately 3,800 sq. km.

Rockhopper has also farmed in (7.5% working interest) to licences PL003 and PL004, which are operated by Desire Petroleum.

These licences have been granted by the Falkland Islands government.

In February 2010, the Ocean Guardian drilling rig arrived in Falkland waters to carry out a multi-well drilling campaign.
 

Financial Tags: RKH.

Top Comments

Disclaimer & comment rules
  • Marco

    http://www.cnn.com/2010/WORLD/americas/03/29/falklands.oil.rig/index.html?iref=allsearch

    Jul 23rd, 2010 - 11:01 pm 0
  • Beef

    Marco! Struggling to understand why you have posted a link to a CNN report about the Desire drill earlier this year. This is old news that we all know about. The company RKH already has a confirmed oil find that will be tested after Ernest and anyone holding this share before the release of the last set of results is sitting on a massive profit! Desire also has increased on the back of RKH and is well on track to gain the sp it had prior to the release of Liz/Beth results!

    Keep up before you bother us.

    Jul 23rd, 2010 - 11:26 pm 0
  • briton

    marco, we gave you the old pirate map we found in the cornflakes pack
    so why havent you found any oil yet,

    Jul 23rd, 2010 - 11:29 pm 0
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