Rockhopper Exploration plc, the North Falkland Basin oil and gas exploration company, announces that it has entered into a further assignment agreement to secure an additional well slot using the Ocean Guardian drilling rig.
Rockhopper intends to utilise the additional well slot to drill a well on the north-western acreage of licence PL004, which the Company believes contains the extension to the Sea Lion field and has farmed-in with operatorship, subject to all regulatory consents, to earn an aggregate 60% interest. The well will be located in “Area 1” of the proposed farm in area, which will become known as licence PL004b once all regulatory consents are obtained.
Prior to drilling the well in “Area 1”, Rockhopper will shortly drill well 14/10-9, the eighth well on the Sea Lion feature in licence PL032 (100% Rockhopper) and a further announcement will be made on spudding of this well.
[mappress] Source:Rockhopper Exploration, October 17, 2011;