Rockhopper Says Site Survey for Ernest Prospect Completed

Rockhopper says that Wavefield Inseis has successfully collected the site survey data over the Ernest prospect in License PL024.

Pierre Jungels, Rockhopper Exploration's Executive Chairman, commented:

"Now that the site survey over Ernest has been acquired the only remaining item is to complete the Environmental Impact Assessment , which is already underway. Once complete we will be in a position to drill, subject to rig availability.

The possibility of a large Falklands drilling campaign has become more concrete with BHP's entry into the region and Rockhopper would certainly be interested in participating in any such campaign. The farm out market is improving as is the market for mid water semis, giving us a number of options for drilling once we are ready.

We are making good progress in our interpretation of the 3D seismic data over licenses PL032 and PL033 and initial indications are encouraging . We should be in a position to update the market on the final interpretation results before the end of January.

We will then reprocess that 3D seismic to remove the need for additional site surveys in that acreage and we should therefore have several drillable targets once our interpretation and reprocessing is completed."


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