Rockhopper Exploration ehemals FALKLAND OIL & GAS +++ 270% mit Öl (Seite 21)

[Andrija]

Rockhopper Exploration announces completion of independent resources audit
TUESDAY, MAY 17, 2016


Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, is delighted to announce the completion of an independent audit of the Contingent and Prospective Resources of its assets in licences PL032 and PL004 in the North Falkland Basin.

The audit was completed by ERC Equipoise Limited and the letter summarising the findings of their audit to the board of directors will be published on the Company website. Additionally, certain updated management estimates utilising the ERCE Audit work are being provided, most particularly around resources contained in the Isobel Elaine Area.

Sea Lion Complex

ERCE Audit Highlights

Discovered STOIIP 1,667MMstb, 834MMstb net to RKH (Best Case)
Discovered 2C resources 517MMstb oil, 258MMstb net to RKH
Discovered 3C resources 900MMstb oil, 452MMstb net to RKH
Total discovered 2C resources including gas 747MMboe, 392MMboe net to RKH
Total discovered 3C resources including gas 1,462MMboe, 798MMboe net to RKH
Upside

Audited near field low risk exploration upside of 207MMstb, 105MMstb net to RKH (Best Case, unrisked)
Additional upside in West Flank if oil-bearing (management resource estimate 60MMstb)
Isobel Elaine Area

ERCE Audit Highlights

Discovered STOIIP 277MMstb oil, 177MMstb net to RKH (Best Case)
Discovered 2C resources for Isobel Deep (F3H Fan) 20MMstb oil, 13MMstb net to RKH
Undiscovered STOIIP 282MMstb oil, 180MMstb net to RKH (Best Case)
Management Estimates

Additionally for the Emily, Isobel and Isobel Deep J fans, management has applied 25% and 35% recovery factors for 2C and 3C respectively against audited STOIIP:
Management 2C resources 49MMstb oil, 31MMstb net to RKH
Management 3C resources 198MMstb oil, 127MMstb net to RKH
Rockhopper is pleased to report that, as a result of the exploration campaign of 2015-2016 and the acquisition of Falkland Oil and Gas Limited, completed in January 2016, its net Contingent Resources base in the North Falkland Basin has doubled to over 300 million barrels (MMstb) of oil (2C - audited plus management estimates).Total gross Contingent Resources over PL032 and PL004, including gas, are 747 million barrels of oil equivalent (MMboe) on a 2C basis and on a 3C basis 1,462MMboe (audited plus management estimates), with Rockhopper's net share being over 50%.

The ERCE Audit has confirmed over half a billion barrels of 2C oil resources in the reservoirs that together make up the Sea Lion Complex including the reservoirs discovered in the Zebedee well. These resources are intended to be developed in two phases, the first of which will develop the resources in the north-east and north-west of the SL10 and SL20 fans.

In the Isobel / Elaine Complex, where data collection was compromised for operational reasons, ERCE has evaluated the Discovered STOIIP for each of the fans and attributed Contingent Resources to the Isobel Deep (F3H) fan from which significant oil was recovered to surface. For the other oil-bearing fans (Emily, Isobel and Isobel Deep J), ERCE believes that recovery factors comparable to those applied to discoveries could be achieved if an appraisal programme demonstrates the potential to flow oil at a rate comparable to wells in these offset discoveries. For these fans, management has assigned a 25% recovery factor for the 2C and 35% for the 3C resources.

In addition to the discovered resources, management believes there are a large number of near field prospects in the attractive and relatively low risk Isobel / Elaine appraisal area for which estimates of STOIIP and oil prospective resources have been made.

The Company did not commission ERCE to audit the Contingent Resources for the Johnson structure (65MMboe, 26MMboe net to Rockhopper) last audited in 2012 by Gaffney Cline & Associates, nor does it include the Contingent Resources for the Liz gas discovery (61MMboe, 58MMboe net to Rockhopper) last audited by Senergy in 2012. Additional PL003 and PL005 resources, also audited by Senergy in 2012, have not been reviewed at this time.

Sam Moody, Chief Executive of Rockhopper, commented:

'In our view this new audit confirms the potential of the North Falklands to be a billion barrel basin. The Sea Lion Complex itself holds over half a billion barrels with almost 270 million barrels of low risk near field upside (including the SL20 west flank in oil-bearing case) which we believe could be assessed with as few as 3 or 4 more optimally targeted wells. In addition, the Isobel Elaine discovery has the potential to be a third regional development potentially containing over 500 million barrels. Combining the well-appraised Sea Lion field, the low risk near field upside and the Isobel Elaine appraisal area, a billion barrels of recoverable oil is within reach within the basin thanks to the outstanding track record of our sub surface team.'

Quelle: http://www.oilvoice.com/n/Rockhopper-Exploration-announces-c…

[tilt]

Antwort auf Beitrag Nr.: 52.298.980 von Andrija am 28.04.16 15:13:43

das halte ich für eine sehr gute idee

[Andrija]

Hallo, liest hier ein Moderator mit bzw. kann jemand einen solchen kontaktieren.

Ich schlage eine Umbenennung des Threadtitels in "Rockhopper Exploration ehemals FOGL-Board" vor.

[Andrija]

http://www.webbreakingnews.com/2016/04/28/rockhopper-explora…

[Andrija]

http://www.oilvoice.com/n/Rockhopper-Exploration-announces-a…

Weiß nicht, ob man nicht besser die Kohle zusammenhalten sollte

[Andrija]

Mal wieder Unsicherheit:

Rig Contract

Released : 01 February 2016

RNS Number : 6648N
Rockhopper Exploration plc
01 February 2016


1 February 2016
Rockhopper Exploration plc
("Rockhopper" or the "Company")

Rig Contract

Rockhopper Exploration, the oil and gas company with interests in the North Falkland Basin and the greater Mediterranean, announces that Premier Oil has served a notice to Ocean Rig UDW Inc for a breach of material obligations under the drilling contract for the Eirik Raude drilling unit.

Enquiries

Rockhopper Exploration plc
Tel: (via Vigo Communications) - 020 7016 9573
Sam Moody - Chief Executive
Fiona MacAulay - Chief Operating Officer
Stewart MacDonald - Chief Financial Officer

Canaccord Genuity Limited (NOMAD and Joint Broker)
Tel: [phone]
Henry Fitzgerald-O'Connor

Liberum Capital (Joint Broker)
Tel: [phone]
Clayton Bush

Vigo Communications
Tel: [phone]
Patrick d'Ancona
Ben Simons

[Andrija]

Antwort auf Beitrag Nr.: 51.479.907 von Andrija am 13.01.16 11:47:12

Infos zum e.on-PMO-Deal. Da wird es richtig spannend.

http://www.euronews.com/business-newswires/3125812-premier-o…

[Andrija]

Antwort auf Beitrag Nr.: 51.478.839 von Andrija am 13.01.16 09:59:11

Okay, die antworten gleich direkt und meine Befürchtungen scheinen sich in Luft aufzulösen. PMO hat sogar offenbar noch genug Geld um e.on einige assets abzukaufen:

http://www.lse.co.uk/AllNews.asp?code=6nx3egel&headline=Rock…


Rockhopper Outlines Revised Plan For Sea Lion Venture With Premier Oil
Wed, 13th Jan 2016 08:47

LONDON (Alliance News) - Rockhopper Exploration PLC Wednesday laid out revised plans for the first phase of development at the Sea Lion project offshore the Falkland Islands which will lead to the project producing more oil over a longer time than originally expected.


The project is in partnership with Premier Oil PLC, which released a statement concerning a potential reverse takeover on Wednesday that did not mention the plans released by Rockhopper.

Rockhopper said the pre-front end engineering and design (FEED) work has been completed and said it has awarded the floating production, storage and offloading vessel FEED contract to SBM Offshore. The company also said it plans to award subsea FEED contracts covering the provision of subsea systems before the end of the first quarter of 2016.

SBM Offshore is expected to take 15 months to complete the FEED work.

More importantly, Rockhopper said significant cost improvements have been made as the project is set to produce more oil over a longer period of time than originally thought, but capital expenditure is set to remain flat.

Phase 1a of the Sea Lion development will now commercialise 220.0 million barrels of oil compared to the original target of 160.0 million barrels, allowing the project to produce more oil. Sea Lion is now expected to reach peak production of 85,000 barrels of oil per day compared to the original target of only 65,000 barrels.

Rockhopper's share of gross revenue, with a 40% interest in the project, would come in at USD200.0, USD230.0 and USD260.0 million based on oil prices of USD65, USD75 and USD85 respectively, it said, based on that 85,000 barrel a day estimate.

That rise in production will be facilitated by an increase in the amount of wells to be drilled, now set to total 18 wells instead of 14 wells, of which 13 wells will have been drilled before first oil is achieved. The life of the field has also been extended to 20 years from 15 years.

Despite the significant increase in scope, the project is still expected to cost around USD1.80 billion in capital expenditure. However, due to the expectation production will now be higher, that capital expenditure only averages out at USD8.0 per barrel, which is 30% less than previous estimates.

Rockhopper said further cost reductions are expected given the current environment.

"Today's announcement provides the Sea Lion project with significant additional technical momentum whilst fully aligning the partners economically. The huge improvements to the project, combined with the award of the FPSO FEED and finalisation of the commercial terms with Premier allows us to keep moving the Sea Lion project towards a sanction point in mid 2017 despite the low oil price environment," said Rockhopper Chief Executive Sam Moody.

The proposed changes have been included in a draft field development plan which has been submitted to authorities, and Rockhopper said it expects to make a final investment decision in the middle of 2017, leading to first oil sometime in 2020.

As a result of the changes, Rockhopper said it has revised the commercial agreements with Premier Oil. Rockhopper said it will be carried for the full USD48.0 million of exploration costs expected to be incurred at the project in 2016, and said it will contribute 40% of the pre-sanction costs during the year, estimated to total around USD20.0 million of the overall USD50.0 million anticipated.

Rockhopper will also retain USD337.0 million of development expenditure carry for phase 1a, and Rockhopper will receive another USD337.0 million of development carry in the next phase of development, it said.

Rockhopper also said the existing standby finance arrangements have been simplified to a "more traditional" loan structure of USD750.0 million from Premier Oil.

"We are delighted with the efficiencies the joint venture teams have identified and this, combined with the new commercial arrangements, mean that both Rockhopper and Premier now enjoy good project economics at oil prices significantly lower than before," said Rockhopper's Moody.

Significantly, Rockhopper and Premier Oil have another partner on the nearby Isobel/Elaine complex offshore the Islands, Falkland Oil and Gas PLC. Rockhopper is currently merging with Falkland Oil and will hold a 64% stake in that complex once it is completed next week.

Earlier this week, the trio reported multiple oil discoveries at the complex with a net oil pay of 27.0 metres recorded within three of the five fan packages in the Isobel Deep, Isobel and Emily reservoirs. Significantly, Premier Oil did not provide the net pay figure provided by its two partners.

"The recent discoveries in the Isobel Elaine complex could open a third area of development in the basin and this on top of the already proven resources of Phase 2 should have a very significant impact on the life of field opex costs for Phase 1a," said Moody.

"With the merger with Falkland Oil & Gas due to complete shortly, this news adds further momentum to activity in the basin as a whole," he added.

Rockhopper shares were up 5.2% to 28.40 pence per share on Wednesday morning whilst Falkland Oil and Gas shares were up 3.2% to 8.0p. Premier Oil shares are suspended pending that announcement concerning a potential reverse takeover.

By Joshua Warner; [e-mail]; @JoshAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

[Andrija]

Schaut Euch mal die Kursentwicklung von Premier Oil an. Das sind "Insolvenzkurse". Fraglich, ob die die eingegangenen vertraglichen Verpflichtungen jemals erfüllen können. Von der zeitlichen Streckung des Projekts mal abgesehen.

[Honeymoon]

Antwort auf Beitrag Nr.: 51.476.466 von Hadock am 12.01.16 22:00:02

Absolut wahr.

Ich sehe wieder eine echte Zukunft für FOGL resp. RKH!