Following completion of this acquisition program, Keith Williams (aged 60) has decided to retire from the Board of Rockhopper with immediate effect and will be succeeded by David Hamilton Bodecott (aged 54) as Exploration Director. Mr. Bodecott has previously acted as an independent consultant to the Company in petroleum geology and seismic interpretation and is currently a partner in David Bodecott Consulting and Cumberland Logos.
Sam Moody, Managing Director commented:
"We would like to thank Keith for his help in the development of Rockhopper since the early stages of the Company. The last twelve months in particular have been a busy period of data acquisition and processing, covering 2D, 3D and CSEM and the Board wish him well for the future.
"We are also delighted that Dave is joining the Board at a time when we will begin focusing more on technical work than on data acquisition. We have been working with Dave for some time and his considerable experience and specialist knowledge of the Falklands will help us push forward to the next stage in our development."
The Rockhopper Group started trading in February 2004 to invest in and carry out an offshore oil exploration program to the north of the Falkland Islands. The Group, floated on AIM in August 2005, is currently the largest license holder in the North Falkland Basin and has a 100 percent. interest in four offshore production licenses that cover approximately 5,800 sq. km. These licenses have been granted by the Falkland Islands government.
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