Rockhopper Exploration
Encyclopedia
Rockhopper Exploration PLC (LSE
:RKH) is an oil
and gas
exploration company headquartered in Salisbury
, Wiltshire
, United Kingdom
. It owns offshore exploration and production licences in the North Falkland Basin in the waters north of the Falkland Islands
.
It is listed on the Alternative Investment Market
of the London Stock Exchange
.
It received a listing on the AIM
market in 2005. In May 2010 the company made the first oil discovery in the Falkland Islands in well 14/10-2 on the Sea Lion target. An update of the first appraisal drill was released in March 2011 indicating a significant reservoir package with a downhole mini drill stern test flowing oil at better rates in a September 2010 flow test. Confidence in the commerciality of the Sea Lion discovery was increased by this first appraisal, although test drilling continues to establish whether the discovery represents a commercial prospect.
.
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
:RKH) is an oil
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
and gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
exploration company headquartered in Salisbury
Salisbury
Salisbury is a cathedral city in Wiltshire, England and the only city in the county. It is the second largest settlement in the county...
, Wiltshire
Wiltshire
Wiltshire is a ceremonial county in South West England. It is landlocked and borders the counties of Dorset, Somerset, Hampshire, Gloucestershire, Oxfordshire and Berkshire. It contains the unitary authority of Swindon and covers...
, United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. It owns offshore exploration and production licences in the North Falkland Basin in the waters north of the Falkland Islands
Falkland Islands
The Falkland Islands are an archipelago in the South Atlantic Ocean, located about from the coast of mainland South America. The archipelago consists of East Falkland, West Falkland and 776 lesser islands. The capital, Stanley, is on East Falkland...
.
It is listed on the Alternative Investment Market
Alternative Investment Market
AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market....
of the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
.
History
Rockhopper was founded in 2004 to explore for oil and gas in the Falkland Islands.It received a listing on the AIM
Alternative Investment Market
AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market....
market in 2005. In May 2010 the company made the first oil discovery in the Falkland Islands in well 14/10-2 on the Sea Lion target. An update of the first appraisal drill was released in March 2011 indicating a significant reservoir package with a downhole mini drill stern test flowing oil at better rates in a September 2010 flow test. Confidence in the commerciality of the Sea Lion discovery was increased by this first appraisal, although test drilling continues to establish whether the discovery represents a commercial prospect.
Licences
Rockhopper is the operator of 4 production licences in which it holds a 100% interest in the North Falkland Basin and in addition has a 7.5% interest in 2 production licences operated by Desire PetroleumDesire Petroleum
Desire Petroleum plc is an oil and gas exploration company headquartered in Malvern, United Kingdom. It owns offshore exploration and production licences in the North Falkland Basin in the waters north of the Falkland Islands...
.
See also
- Energy and minerals in the Falkland Islands
- Falkland Oil and GasFalkland Oil and GasFalkland Oil and Gas Ltd , abbreviated to FOGL, is an energy company registered in the Falkland Islands and headquartered in London, the United Kingdom. Its business is based on exploring for offshore oil reserves off the coast of the Falklands...
, which also explores off the coast of the Falklands