Rockhopper Exploration ehemals FALKLAND OIL & GAS +++ 270% mit Öl (Seite 228)

[schlangenmeister]

meine fresse ist das heute wieder ein blutbad

meine falkland shares sind ganz einsam grün

[KNORPEL]

[schlangenmeister]

Thursday, August 28, 2008

UK presses UN panel for expanded rights to Arctic seabed minerals
Leslie Schulman at 1:23 PM ET

Photo source or description
[JURIST] The British Foreign and Commonwealth Office (FCO) Wednesday submitted requests to the UN Commission on the Limits of the Continental Shelf (UNCLCS) [official websites] to claim exclusive harvesting rights to an area of the seabed surrounding Ascension Island, a British possession in the remote South Atlantic technically part of St Helena, the British overseas territory that where Napoleon spent his last years in exile from 1815-21. Under the Law of the Sea Treaty [text], a country has exclusive harvesting rights to a zone extending 200 nautical miles from its shore, but when a continental shelf extends farther a nation may claim up to 350 miles from the baseline or 100 miles from the 2,500 meter depth. According to FCO officers Wednesday, the United Kingdom also plans to submit similar territorial claims for seabeds surrounding the Hatton-Rockall area west of Scotland, as well as the Falkland Islands, also in the southern Atlantic. Denmark and Iceland currently have pending claims to the Hatton-Rockall area, as do Argentina and Chile to the Falkland Islands. BBC News has more.

Questions about Arctic sea oil and gas rights have become more pressing lately, as global warming estimates predict that previously unattainable ice-locked resources will be within reach by mid-century. New technologies also make previously unattainable under-seabed minerals extractable. In May, the five states bordering the Arctic met to discuss allocation of harvesting rights [JURIST report] to minerals under Arctic seabeds. Environmental organizations have criticized efforts to expand oil drilling [WWF report] into the Arctic Sea, calling for increased research into energy conservation and renewable resources instead. Critics have also said that offshore development will require massive amounts of infrastructure that could impact local wildlife.


http://jurist.law.pitt.edu/paperchase/2008/08/uk-presses-un-…

[schlangenmeister]

RNS Number : 9615B
Rockhopper Exploration plc
26 August 2008





PRESS RELEASE

26 August 2008


Results of 3D Interpretation and Operational Update


Rockhopper Exploration plc ('Rockhopper' or the 'Company'), the AIM traded (RKH) oil and gas explorer with licences in the North Falkland Basin, is pleased to provide an update on further technical work on the 3D seismic collected over licences PL032 and PL033 along with an operational update.


Highlights:


*

Depth conversion of the 3D interpretation has been completed


*

Directors' best estimates of P50 unrisked reserves over licences PL032 and PL033 increased from 1.2 bn bbls recoverable to 1.8 billion barrels recoverable


*

Modest drilling depths confirmed for oil plays


*

AVO study shows strong indications of hydrocarbons inside the Sea Lion fan system within the 3D area


*

Basin modelling studies suggest larger source kitchens with greater areas and more extensive oil windows than previously interpreted


*

Independent log analysis of Shell well 14/5-1A confirms gas saturations over a 1,400 metre gross interval, new gas prospect mapped which this well tested in a flank position


*

Initial review suggests this newly identified gas prospect could contain multi Tcf gas in place


*

Updated economics


*

Rockhopper intends to work closely with Desire and Arcadia to secure a suitable drilling unit for a minimum 6 well campaign in the North Falkland Basin


Depth conversion of 3D seismic interpretation


Depth conversion mapping has now been completed over licences PL032 and PL033 and the following table sets out the results:





Play type





Prospect


P50 unrisked recoverable reserves

(millions of barrels)*









Pinchout


Sedge


55




Tyssen


14




Jason


350









Fans


Sea Lion


230




Chatham


65









Downthrown Closures



Meredith

Walker

Louis

Fox

Stephens



23

68

82

383

201









Intra Basinal Structures


Johnson


now reclassified as a gas play









Central Basin Inversion Structures


Berkeley


140




George


157









Total





1,768


* Directors' estimates


This represents an overall increase in directors' best estimates of P50 unrisked reserves on licences PL032 and PL033 from 1.2 billion barrels recoverable to 1.8 billion barrels recoverable and means that we now estimate that the Company has total P50 unrisked reserves of 4.3 billion barrels recoverable across our operated North Falkland Basin acreage. In addition, Rockhopper holds a 7.5% interest in licences PL003 and PL004, which are operated by Desire Petroleum plc.


AVO Studies


AVO studies indicate a clear response over the Sea Lion fan system in licence PL032 which is consistent with the presence of hydrocarbons. An AVO response is a type of Direct Hydrocarbon Indicator. The Sea Lion fan forms a prospect located in licence PL032 which the directors of Rockhopper estimate to represent P50 unrisked reserves of 230mm barrels recoverable.


A number of other prospects are being studied at present to establish whether additional AVO features are present.


Geochemical, maturation and basin modelling studies


During 1998 Shell drilled well 14/10-1 on what is now licence PL032. Live oil was recovered from that well. Rockhopper commissioned an independent review of existing data from previous wells and analysis on a sample bottle of oil recovered from well 14/10-1. These analyses were then combined with the 2D and 3D seismic interpretation.


The results are summarised below:


*

The oil recovered in well 14/10-1 had a gravity of 27.1° API and was generated from a lacustrine source with no marine influence and very similar to lacustrine oils from other global basins. Certain fresh water biological markers have been reported for the first time from the North Falkland Basin. Otherwise, the analysis confirms and enhances the earlier work of Shell;


*

A new conclusion is the evidence of significant uplift in the North Falkland Basin and a more accurate heat flow model that has enhanced the overall maturity profile of the source kitchens. Onset of oil generation is thought to have occurred at a shallower level than previously published; and


*

The size and area of the Barremian lacustrine source kitchen is larger than previously thought. This effectively increases the potential quantity of oil that could have been generated and expelled into the Basin.


Evaluation of Shell well 14/5-1A


During 1998 Shell drilled well 14/5-1A in tranche B. This is now licence PL032 and PL033, operated 100% by Rockhopper. 14/5-1A encountered high gas levels during drilling. The Shell log interpretation identified two main gas bearing zones, Sand 3 and Sand 4, at approximately 3,200 and 4,200 metres, with a total net gas pay of 165 metres, porosity of 6% to 10% and water saturations ranging from 47% to 51%.


Unfortunately, due to prevailing economics, the well was not tested and no wireline gas or water samples were obtained. However, high levels of gas in the mud proved beyond doubt that the well was drilled in a hydrocarbon rich environment encountering significant gas shows. Rockhopper has carried out a new and independent log analysis on this well in addition to mapping the 2007 3D seismic.


The results of this work are summarised below:


*

A large structural closure can be mapped on the 3D and 2D seismic in the northwest of licence PL032. This potential gas prospect has previously not been detailed. The structure extends beyond the current boundary of Rockhopper acreage;


*

Well 14/5-1A tested the flank of this structure, 18 kilometres south of the northern licence boundary; and


*

Work is continuing on the area but an initial review suggests that the prospect is capable of containing multi Tcf gas in place.


Although relatively poor reservoir was encountered in the well (due to the deep, basin-centre location), the directors of Rockhopper expect that reservoir quality will improve towards the shallower northern part of the block near the structural crest, and near the large bounding fault which could have generated additional sand sources.


Rockhopper does not believe it would be possible to re-enter this well and produce gas commercially owing to the poor quality of the reservoir encountered. However, if as is expected, the untested up-dip part of the newly mapped prospect contains better quality reservoir, then the prospect could contain sufficient volumes of gas for commerciality.


With energy prices now significantly higher than in 1998 and new technology, such as newly designed floating liquefied natural gas ('LNG') systems, the potential for commercialising gas finds of more than 1 Tcf has changed considerably. Consequently, Rockhopper will now undertake additional technical work and consider the merit of drilling an exploration well up dip from well 14/5-1A, in addition to the oil exploration targets.


Prospect Ernest


Further AVO analysis on 2006 2D seismic over the Ernest prospect in licence PL024 has also revealed a number of amplitude anomalies that could be consistent with the presence of hydrocarbons. These studies are in addition to the existing CSEM data which is also consistent with the presence of hydrocarbons.


Economic Model


As energy prices and equipment costs have changed since the time of the Company's admission to AIM, Rockhopper has re-run its economic model to determine potential NPVs with new assumptions. The results are summarised below and show the potential NPV10 for a single discovery of 150 mmbbls recoverable:


Recoverable Barrels


150mmbbls









Oil Price (USD )


80


100


120


140

NPV10 (USD millions)


2,025


2,850


3,674


4,499


Source: Barrett Petroleum Services


Update on drilling plans


The Board of Rockhopper notes the recent announcement of 14 August 2008 by Desire Petroleum plc ('Desire') and welcomes Arcadia Petroleum Limited ('Arcadia') to the North Falkland Basin. The Board also notes the stated intention of Desire and Arcadia to drill a total of 4 wells between them. To this programme of 4 wells Rockhopper intends to add a minimum of 2 wells bringing the total number to 6 wells.



Both drilling and water depths for oil prospects are relatively modest in the North Falkland Basin and most wells would be planned for 20 to 30 days.


Dr. Pierre Jungels, Executive Chairman of Rockhopper Exploration, said:


'After all the work we have completed over the last three years, we believe that the North Falkland Basin represents a world class exploration province which is now ready for drilling.


Our acreage contains proven source rocks mature for oil and gas, proven oil and gas, clear direct hydrocarbon indicators such as AVO and electromagnetic signatures within identified structures and a total estimated resource potential of over 4 billion barrels of oil and possibly multi Tcf gas.


At present and foreseeable oil and LNG prices, with current technologies and costs, the economics are very robust.


In a world where access to similar opportunities is difficult, expensive or not allowed by sovereign acreage holders, we believe that the North Falkland acreage of Rockhopper is unique.


We are continuing to meet with potential farm-in partners and are separately discussing rig availability with rig owners. When this process concludes we will be in a position to decide the best way forward for Rockhopper's shareholders.'


NB: This statement has been approved by the Company's geological staff who include David Bodecott (Exploration Director), who is a Member of Petroleum Exploration Society of Great Britain (PESGB) and the American Association of Petroleum Geologists (AAPG) with over 30 years of experience in petroleum exploration and management, for the purpose of the Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM companies, which outline standards of disclosure for mineral projects.


For further information, please contact:


Rockhopper Exploration plc


www.rockhopperexploration.co.uk

Sam Moody - Managing Director


01722 414 419






Aquila Financial Ltd (PR)


www.aquila-financial.com

Peter Reilly


0118 979 4100






Landsbanki Securities (UK) Limited


www.landsbanki.co.uk

Tom Hulme / Sebastian Jones


020 7426 9000



Notes to editors


www.rockhopperexploration.co.uk


The Rockhopper Group started trading in February 2004 to invest in and carry out an offshore oil exploration programme to the north of the Falkland Islands. The Group, floated on AIM in August 2005, has a 100 per cent. interest in four offshore production licences which cover approximately 3,800 sq. km. These licences have been granted by the Falkland Islands government.



This information is provided by RNS
The company news service from the London Stock Exchange


http://www.investegate.co.uk/Article.aspx?id=200808260700199…

[Urlaub2]

Antwort auf Beitrag Nr.: 34.724.609 von schlangenmeister am 14.08.08 10:15:44

Interessante News !

Arcadia gehört offensichtlich zur selben Firmengruppe wie Sea drill.

Ich wundere mich, wieso die auf das Gasvorkommen so scharf sind, wo Öl erheblich wertvoller ist.

Wenn es frühestens Anfang 2009 losgeht, will ich mal annehmen, daß sich BHP und FOGL hier anschließen werden, zumal auch Rockhopper noch interessiert ist.

FOGL hat ja schon angedeutet, daß für Gas eine LNG-Anlage gebaut werden kann (ist sicher nicht billig).

Ich würde aber Öl vorziehen.

Wer weitere Infos findet, bitte hier posten.

[schlangenmeister]

RNS Number : 3149B
Desire Petroleum PLC
14 August 2008


For immediate release. 14 August 2008



Desire Petroleum plc

("Desire" or "the Company")

Farm-out Agreement and Grant of New Acreage

Desire signs agreement with Arcadia Petroleum Limited

New licence awarded over major new prospect

Exciting new gas play identified

Desire Petroleum plc is pleased to announce that further to the Announcement of 25 February 2008, regarding the
acceptance, by Desire,
of the terms of a conditional farm-in offer, the approval of the Falkland Islands Government has now been received and
that a formal
farm-out agreement has been entered into with Arcadia Petroleum Ltd. ("Arcadia").

The Falkland Islands Government has also granted Desire and Arcadia new acreage adjacent to Desire's existing
acreage in Tranche I, in
the North Falkland Basin.

Arcadia is a U.K., private, integrated, upstream and downstream, international, energy business which is a member
of a significant group
of related companies involved in the oil industry. Arcadia is in the process of building a world-wide portfolio of
high-quality, de-risked,
exploration and production assets in frontier and semi-frontier areas.

The terms of the farm-out arrangements are as follows:

Tranche C

Arcadia will drill and test the Ann prospect paying 85% of the costs to earn a 35% interest in a sub-area of
Tranche C covering the Ann
and Orca South prospects.

Rockhopper Exploration plc, as part of a larger transaction, is responsible for paying the remaining 15% of the
Ann well costs to earn
a 7.5% interest in Tranches C and D. Accordingly, the net result to Desire will be a 57.5% interest in the Ann
prospect for which the
Desire mid-estimate of potential recoverable reserves is 202 million barrels of oil. Following AVO studies in 2007
Desire now estimates the
chance of success on this prospect at 50%, which is the chance of the prospect containing hydrocarbons.

Tranche I

Arcadia will drill and test a major new prospect named Alpha, paying 100% of the costs to earn 50% in Block 25/10
and part of Block
25/15. This prospect also extends into the newly awarded Blocks 25/8, 25/9 and 25/14b where Arcadia has an 80% interest
and Desire 20%.

Based on the current mapping, Desire estimates that it has an approximately 30% interest in the total Alpha prospect. Alpha is a large, well-defined, structural closure, covering an area of over 300 square kilometres. It is associated with a very strong AVO anomaly which in addition to significantly de-risking the prospect, suggests that the reservoir is gas charged. Desire's mid-estimate for the potential recoverable reserves for Alpha is 7.8 trillion cubic feet (Tcf) with 15 Tcf in the upside case.

These volumes are considered more than adequate for a commercial gas development in the event of a discovery. This prospect represents an exciting new major exploration play in the North Falkland Basin. Arcadia will also pay the mobilisation and demobilisation costs associated with the two wells. In addition to the two wells to be drilled by Arcadia, Desire has undertaken to drill two wells for its own account including the mobilisation and demobilisation costs associated with these two wells. Desire will remain as operator on all the acreage Arcadia has joined them in. Mr Stephen Phipps (Chairman of Desire) commented: "The Board of Desire very much welcomes the opportunity to work with Arcadia, whose exploration philosophy fits extremely well with our own. We look forward to a long and successful partnership with Arcadia. The majority of the prospects in the Desire inventory are still held 100% by Desire and with the funds currently available and at current rig rates we are able to drill two of these for our own account. With our new partner on board we are now in a far stronger position to pursue actively all available rig opportunities for drilling our prospects. We are excited about the new exploration gas play and the large potential of the Alpha prospect." For further information please contact: Desire Petroleum plc Stephen Phipps, Chairman 020 7436 0423 Dr Ian Duncan, Chief Executive Officer 01684 568 993 Seymour Pierce Limited 020 7107 8000 Jonathan Wright Richard Redmayne Buchanan Communications 020 7466 5000 Ben Willey Ben Romney This announcement will be posted on the Desire website www.desireplc.co.uk with a map showing the new acreage position. This information is provided by RNS The company news service from the London Stock Exchange END MSCSFASWLSASEEA

http://de.advfn.com/nachrichten/Farm-out-Agreement-and-Grant…

[Honeymoon]

Falkland Inseln sind "Weltmarktführer"!

http://www.pcwelt.de/start/sicherheit/firewall/news/175439/i…

[Steinmetzger]

Antwort auf Beitrag Nr.: 34.577.864 von schlangenmeister am 24.07.08 13:50:45

die Sau ab ...

[schlangenmeister]

was geht denn heute

[MrRipley]

Vielleicht kommt sowas auf uns zu...