Rockhopper Exploration plc announced on Thursday a further drilling of four wells offshore the Falkland Islands. The first of them, 14/10-6, will be the third appraisal well on the Sea Lion feature where the discovery of oil at commercial rate has been confirmed.
Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to announce results for the twelve months ended 31 March 2011.
Argos Resources Limited, the Falkland Islands based hydrocarbons exploration company, has reported that the company has completed the acquisition of 3-D seismic data over the entire area of its PL001 licence in the North Falkland Basin.
Falklands Desire Petroleum has said the past 12 months had proved an energetic period for the company with the information gathered leading to believe that the East Flank Play Fairway has a great deal of potential.
A well drilled by Rockhopper Exploration off the Falkland Islands struck a good quality reservoir that bodes well for further development in the area announced the UK explorer in a release.
Rockhopper Petroleum Plc, an oil explorer focused on the Falkland Islands, plans to raise about £200 million (318 million USD) through a share placement to pursue additional appraisal of its Sea Lion prospect.
Sam Moody, Managing Director, commented:”Our analysis of the data from the Sea Lion well suggests that there is significant potential upside on our acreage and our technical effort will now focus on integrating all of our new knowledge of the basin so we can understand and identify the best prospects for future drilling.”