Falklands : Rockhopper Plc Announce Interim Results
Submitted by Falkland Islands News Network (Juanita Brock) 06.12.2005 (Article Archived on 20.12.2005)
A positive outlook for this Plc.
PRESS RELEASE
For immediate release: 6 December 2005
Rockhopper Exploration plc
Interim results
Highlights:
•Successful placing and listing on AIM, raising £15m before expenses
•Award of two further licences in the North Falkland Basin, making
Rockhopper the largest acreage holder in the North Falkland Basin
•2D seismic survey commissioned on our 100% owned acreage
•Agreement signed with Desire Petroleum to farm-in to 7.5% of two licences
adjacent to Rockhopper owned acreage
•Management team strengthened
Commenting on the results, Chairman Pierre Jungels said: 'Our strategy in the
Falklands is to mature a number of high quality drillable prospects on our 100%
held acreage and to be ready for a substantial drilling campaign once the
availability and cost of drilling units are more favourable'.
Managing Director, Sam Moody said 'The steps we have taken over the last six
months have laid the groundwork for the long-term future of the company'.
Contacts:
Rockhopper Exploration plc
Sam Moody, Managing Director 01722 414 419
Peter Dixon-Clarke, Finance Director
Aquila Financial Limited -
rockhopper@aquila-financial.com
Peter Reilly 020 7849 3319
Yvonne Fraser 020 7849 3320
www.rockhopperexploration.co.uk
Pierre Jungels
Chairman
5 December, 2005
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