Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRockhopper Regulatory News (RKH)

Share Price Information for Rockhopper (RKH)

Share Price is delayed by 15 minutes
Get Live Data
69.50    -1.40 (-1.97%)
Bid:
69.50
Ask:
69.90
Spread: 0.40 (0.576%)
Market Cap: £597.13m
RKH Live PriceLast checked at - London Stock Exchange

Intraday Rockhopper Share Chart

Egypt Operational Update

18 Dec 2019 07:00

RNS Number : 2314X
Rockhopper Exploration plc
18 December 2019
 

18 December 2019

Rockhopper Exploration plc

("Rockhopper" or the "Company")

 

Egypt Operational Update

 

Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, provides the following operational update in relation to the Abu Sennan concession, Egypt ("Abu Sennan"). Through Rockhopper Egypt Pty Limited, Rockhopper holds a 22% working interest in Abu Sennan.

 

ASH-2

The commitment well, ASH-2, was spudded on 21 October 2019, and reached total depth of 4,030m measured depth ("MD") in the Alam El Bueib Formation on 22 November 2019. The well was drilled as a vertical hole to appraise the Alam El Bueib reservoir to the WSW of the existing well ASH-1ST2, which currently produces 340 barrels of oil per day ("bopd"). Petrophysics indicate 50m of net oil pay in ASH-2. Modular formation Dynamic Tester ("MDT") pressure data indicates the reservoir is un-depleted, close to initial reservoir pressure. The well was completed, perforated and tested with the rig on site with encouraging results. The rig was released on 10 December 2019. The well will be tested at stabilised rates once the rig has moved off site.

 

Al Jahraa-12 (formerly WI-1)

This deviated development well was spudded on 4 August 2019 and reached total depth of 4,040m MD in the Kharita Formation on 2 September 2019. Operations are ongoing to complete the well as an AR-C reservoir water injector, as was the primary objective for the well. While there was indication of oil pay in the Bahariya, the interval did not flow on test.

 

Al Jahraa SE-1X (AJSE-1X)

Following a successful frac job, production from the AR-C in well AJSE-1X has increased from approximately 200 bopd to approximately 450 bopd.

 

Current production from Abu Sennan is approximately 5,100 barrels of oil equivalent per day ("boepd") gross (1,120 boepd net to Rockhopper's 22% working interest). This excludes production from ASH-2 which is awaiting final commissioning.

 

Rockhopper's disposal of Rockhopper Egypt Pty Limited, as announced on 23 July 2019, is subject to satisfaction of final conditions precedent, including United Oil and Gas Plc shareholder approval and is expected to complete during January 2020.

 

 

Enquiries:

 

Rockhopper Exploration plc

Sam Moody - Chief Executive

Stewart MacDonald - Chief Financial Officer

Tel. +44 (0) 20 7390 0234 (via Vigo Communications)

 

Canaccord Genuity Limited (NOMAD and Joint Broker)

Henry Fitzgerald-O'Connor/James Asensio

Tel. +44 (0) 20 7523 8000

 

Peel Hunt LLP (Joint Broker)

Richard Crichton

Tel. +44 (0) 20 7418 8900

 

Vigo Communications

Patrick d'Ancona/Ben Simons

Tel. +44 (0) 20 7390 0234

 

 

Note regarding Rockhopper oil and gas disclosure

 

This announcement has been approved by Rockhopper's geological staff which includes Lucy Williams (Geoscience Manager) who is a Chartered Geologist, a Fellow of the Geological Society of London and a Member of both the Petroleum Exploration Society of Great Britain and American Association of Petroleum Geologists, with over 25 years of experience in petroleum exploration and management and who is the qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM companies. 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCCKODNOBDDCBD
Date   Source Headline
30th Dec 20117:00 amRNS14/15-4z: Completion of Sidetrack
15th Dec 201111:56 amRNSHolding(s) in Company
15th Dec 201111:24 amRNSHolding(s) in Company
9th Dec 20114:05 pmRNSHolding(s) in Company
8th Dec 20117:00 amRNSHalf Yearly Report
29th Nov 20112:23 pmRNSHolding(s) in Company
28th Nov 20119:45 amRNS14/15-4 Well Spud
21st Nov 20117:00 amRNSWell 14/10-9z: Completion of side track
11th Nov 20114:37 pmRNSHolding(s) in Company
9th Nov 20117:00 amRNSWell 14/10-9 Update
3rd Nov 20112:52 pmRNSHolding(s) in Company
2nd Nov 201112:03 pmRNSHolding(s) in Company
1st Nov 20115:16 pmRNSHolding(s) in Company
1st Nov 20114:59 pmRNSHolding(s) in Company
28th Oct 201112:00 pmRNSHolding(s) in Company
27th Oct 20113:54 pmRNSHolding(s) in Company
26th Oct 20117:00 amRNS14/10-9 Well Spud
19th Oct 20116:25 pmRNSHolding(s) in Company
19th Oct 20114:13 pmRNSHolding(s) in Company
19th Oct 20117:00 amRNSStatement re Ocean Guardian Drilling Rig
17th Oct 20117:00 amRNSAdditional Drilling Slot
12th Oct 201112:54 pmRNSResults of Placing
11th Oct 20117:00 amRNS14/10-8 Exploration Well Update
26th Sep 20117:00 amRNS14/10-8 Well Spud
20th Sep 201112:38 pmRNSHolding(s) in Company
16th Sep 20112:52 pmRNSDirector/PDMR Shareholding
14th Sep 20117:01 amRNSCapital Markets Presentation
14th Sep 20117:00 amRNS14/10-7 well update
6th Sep 20111:05 pmRNSResult of AGM
22nd Aug 20119:23 amRNS14/10-7 Exploration Well Spud
15th Aug 201110:48 amRNSExploration Update
15th Aug 20118:05 amRNSProspective Resources Update-Website
15th Aug 20117:00 amRNSProspective Resources Update
11th Aug 20115:34 pmRNSExercise of Options
11th Aug 20111:10 pmRNSHolding(s) in Company
10th Aug 20114:16 pmRNSHolding(s) in Company
9th Aug 20117:00 amRNS14/10-6 Appraisal well update
1st Aug 20112:13 pmRNSBlocklisting Interim Review
18th Jul 20117:00 amRNS14/10-6 Appraisal Well Spud
7th Jul 20117:00 amRNSAdditional Drilling Slot
1st Jul 20117:00 amRNSFinal Results
27th Jun 20117:00 amRNS14/10-5 Appraisal well - Flow Test Result
1st Jun 20117:00 amRNS14/10-5 Appraisal well update
3rd May 20117:00 amRNS14/10-5 Appraisal Well Spud
26th Apr 20117:00 amRNSAdditional Drilling Slot
18th Apr 20117:00 amRNS14/15-3 exploration well result
6th Apr 20115:39 pmRNSHolding(s) in Company
4th Apr 20117:00 amRNS14/10-4 Appraisal well-further technical update
31st Mar 20116:09 pmRNSHolding(s) in Company
29th Mar 20118:40 amRNSNinky 14/15-3 exploration well spud

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.