Rockhopper has entered into a further assignment agreement to secure an additional well slot using the Ocean Guardian drilling rig.
Rockhopper intends to utilize the additional well slot to drill a well on the north-western acreage of license 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 license 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 license PL032 (100% Rockhopper) and a further announcement will be made on spudding of this well.
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