Rockhopper completes volumetric work in North Falklands

Rockhopper Exploration plc, the North Falkland Islands explorer, announced that volumetric work has been completed on the Company

Rockhopper has now completed volumetric work using the 2D seismic data collected in 2006 on a number of targets in licences PL023 and PL024 which suggests un-risked P50 recoverable reserves of in aggregate 2.5 billion barrels.

All of these targets are in relatively shallow water depths of less than 200m. The Company believes that the net present value of a single 100 million barrel recoverable oil field would be between US$750 million and US$1 billion.

Mercopress