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 on the Ocean Guardian drilling rig(photo). Rockhopper now intends to utilise four well slots in succession.
Rockhopper was established in February 2004 with a strategy to invest in and carry out an offshore oil exploration programme to the north of the Falkland Islands. The Company floated on AIM in August 2005 and holds a 100 per cent. 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.
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Source: Rockhopper, April 26,2011