Rockhopper Exploration plc Guendalina sidetrack update (3193A)
September 28 2015 - 2:01AM
UK Regulatory
TIDMRKH
RNS Number : 3193A
Rockhopper Exploration plc
28 September 2015
28 September 2015
Rockhopper Exploration plc
("Rockhopper" or the "Company")
Guendalina sidetrack update
Rockhopper Exploration plc (AIM: RKH), the oil and gas
exploration and production company with interests in the North
Falkland Basin and the Greater Mediterranean region, is pleased to
announce that the sidetrack well at the Guendalina gas field (Eni
Operator, Rockhopper 20% Working Interest) has successfully reached
it's target depth (TD) at 3,276m measured depth (MD) on schedule
and budget.
Wireline logging has confirmed that all the target levels are
gas bearing and have been encountered slightly higher to prognosis
in an up-dip position with good reservoir characteristics and with
an additional deeper gas level. The well is now being completed as
a producer with gas production anticipated to commence in late
October at which time a further announcement will be issued.
Sam Moody, Chief Executive Officer, commented: "This is positive
news for Guendalina, and we look forward to increasing production
from the field later in the year, which will enhance our already
strong cash position."
Ends.
Enquiries
For further information, please contact:
Rockhopper Exploration plc
Tel: (via Vigo Communications) - 020 7016 9571
Sam Moody - Chief Executive
Fiona MacAulay - Chief Operating Officer
Stewart MacDonald - Chief Financial Officer
Canaccord Genuity Limited (NOMAD and Joint Broker)
Tel: 020 7523 8000
Henry Fitzgerald-O'Connor
Liberum Capital (Joint Broker)
Tel: 020 3100 2227
Clayton Bush
Vigo Communications
Tel: 020 7016 9571
Peter Reilly
Patrick d'Ancona
This information is provided by RNS
The company news service from the London Stock Exchange
END
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