Falklands : Hydrocarbons Weekley Record (26 November to 02 December 2007)
Submitted by Falkland Islands News Network (Juanita Brock) 03.12.2007 (Article Archived on 17.12.2007)
An overview of hydrocarbons related activities in and around the Falklands.
HYDROCARBONS WEEKLY RECORD: 26 NOVEMBER TO 02 DECEMBER 2007
(A Focus on Falklands Activities)
Rockhopper Exploration plc ("Rockhopper" or the "Company") Rockhopper commissions site survey Rockhopper, the North Falkland Basin oil and gas exploration company, is pleased to announce that it has commissioned Wavefield Inseis to conduct a site survey over its Ernest prospect in licence PL024. The site survey is a necessary part of preparatory work ahead of drilling. Rockhopper is already conducting an Environmental Impact Assesment over licences PL023 and PL024 in readiness for drilling. The Ernest prospect is a relatively low risk independent 4-way dip closed structure in 160m of water approximately 100km offshore the Falkland Islands. The robust 4-way closure has an areal extent of some 2880 acres, within a total area of over 6,000 acres. Sam Moody, Managing Director commented: "We are very pleased that Wavefield are able to perform this site survey over Ernest, which is currently the lowest risk prospect in our portfolio. The 3D seismic in our licences PL032 and PL033 means that we should not require additional site surveys in that area to prepare for drilling." 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 www.aquila-financial.com Peter Reilly 020 7202 2601 Yvonne Fraser 020 7202 2609 Landsbanki Securities (UK) Limited - Corporate Finance Tom Hulme 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, is currently the largest licence holder in the North Falkland Basin and has a 100 per cent. interest in four offshore production licences which cover approximately 5,800 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
Borders & Southern Petroleum plc
(or "the Company")
Appointment of Nominated Adviser and Joint Broker
The following replaces the announcement (5005I) that was made at 13.30 this afternoon. It includes further information with regard to the appointment of the Company's Nominated Adviser and Broker. This information can be seen below.
Borders & Southern Petroleum plc is pleased to announce that the Company has appointed Panmure Gordon & Co as its sole Nominated Adviser and joint broker with immediate effect.
Ocean Equities Ltd continues to act as joint broker to the Company.
For further information, please visit www.bordersandsouthern.com or contact:
Borders & Southern Petroleum plc 020 7661 9348
Howard Obee, Chief Executive
Panmure Gordon (UK) Limited 020 7459 3600
Katherine Roe
Ocean Equities Ltd 020 7786 4370
Guy Wilkes
Tavistock Communications 020 7920 3150
Clemmie Carr
Simon Hudson
This information is provided by RNS
The company news service from the London Stock Exchange
Desire Petroleum plc (the "Company") Holding in Company The Company was notified on 26 November 2007 that, following an acquisition of voting rights on 23 November 2007, Barclays PLC is indirectly interested in 11,609,275 ordinary shares of the Company, representing 5.09 per cent. of the issued share capital of the Company. This information is provided by RNS The company news service from the London Stock Exchange
FALKLAND OIL & GAS LIMITED ANNOUNCEMENT Global Petroleum Limited advise that Falkland Oil & Gas Limited ("FOGL") has released an announcement in relation to the farm in by BHP Billiton in FOGL's 2002 and 2004 licences to the South and East of the Falkland Islands. The full announcement appears hereunder. Mark Savage, Chairman Telephone: +1505 344 2822 Fax: +1505 344 2922 Email: marksavage@comcast.net Falkland Oil and Gas Limited FOGL Partner increases interest in exploration agreement Falkland Oil and Gas Limited ("FOGL") is pleased to announce that BHP Billiton has decided to exercise its option to increase its interests in FOGL's 2002 and 2004 licences to the South and East of the Falkland Islands. Highlights: BHP Billiton will increase its interest to 51% from the 40% announced on 2 October 2007 FOGL retains a very substantial stake in the licences BHP Billiton will pay FOGL an additional US$2.75 million in reimbursement of historical costs The decision by BHP Billiton to increase its interests in our licences further confirms our view of the significant petroleum potential of the South and East Falkland Basins. Details of the agreement Under the terms of the farm-out agreement announced on 2 October 2007 BHP Billiton had the option to further increase its interest in the licences. BHP Billiton has decided to exercise this option by increasing its interest to 51%. Consequently, BHP Billiton will pay four thirds of 51% (approximately 68%) of the costs of the near term work programme, including the drilling of two exploration wells and all other associated work to the completion of this drilling work. In addition, BHP Billiton will pay FOGL a further US$2.75 million in relation to certain costs already incurred by the company. At end 2007 FOGL's forecast cash position is £12.2 million (US$25 million). As such, FOGL is now funded through a significant proportion of the near term exploration programme, which will include the drilling of the first two exploration wells. Since announcing the agreement with BHP Billiton, FOGL has had discussions with a number of other parties potentially interested in farming in to the area. FOGL will now look to advance these discussions, but with the clear intent of retaining a material interest in its licences. Tim Bushell, Chief Executive of FOGL commented: BHP Billiton's decision to increase its interests in our licences further confirms our view that the South and East Falkland basins are highly prospective and have the potential for the discovery of significant volumes of oil and gas. 28 November 2007 Note to investors: FOGL is planning to make an announcement on its 2007 exploration results and operational plans shortly. Enquiries: FOGL 020 7563 1260 Tim Bushell, Chief Executive KBC Peel Hunt (Nominated Adviser) 020 7418 8900 Jonathan Marren / Matt Goode College Hill 020 7457 2020 Nick Elwes / Paddy Blewer
DESIRE PETROLEUM PLC
SEISMIC SURVEY INFORMATION NOTICE
Desire Petroleum plc will commence acquiring 2D seismic data in the North Falklands Basin during the week beginning 26 November 2007. The survey will be undertaken by the seismic survey vessel "Bergen Surveyor," radio call sign LACS5 (LIMA ALPHA CHARLIE SIERRA FIVE). Depending on prevailing weather conditions the entire data acquisition is expected to take about I0 days to complete. The seismic data will be acquired at specific locations. The acquisition priority listing and the well site coordinates are as set out below:
l. Ann Prospect Site Survey
Digital data will be acquired over a 4km x 4ktn area. The survey grid area is centered on Latitude 49.23 52.26S and Longitude 059.22' 3 1.5 l W
2. Tie-line Site Survey
Digital data will be acquired along a single tie line incorporating the following waypoints:
Point Latitude Longitude
Well 14/09-l 49.19 09.548 S 059.23 05.527 W
Ann A 49.23 52.260 S 059.22 31.520W
Ann B 49.27 46.316 S 059.22 30.935 W
Orca South 49.32 38.620 S 059.22 05.523 W
3. Alpha Prospect Site Survey
Digital Data will be acquired over a 3km x 3km area. The survey grid is centered on Latitude 50.15 29.10S and Longitude 59.09 53.09W
4. Dawn Prospect Site Survey
Digital Data will be acquired over a 3km x 3km area. The survey grid is centered on Latitude 50.02 50.16S and Longitude 59.08 47.67W
5. Barbara Prospect Site Survey
Digital Data will be acquired over a 3km x 3km area. The survey grid is centered on Latitude 50.40 51.36S and Longitude 49.06 53.29W
6. Ruth Prospect Site Survey
Digital Data will be acquired over a 3km x 3km area. The survey grid is centered on Latitude 50.28 10.87S and Longitude 58.57 47.74W
From time to time or for operational reasons the survey vessel may maneuver beyond the above locations.
The BERGEN SURVEYOR will be towing a single 1500 metre streamer submerged to a depth of around 3 metres. The end streamer will be marked by a floating buoy fitted with a white light. The vessel has a red painted hull and a beige painted superstructure.
The BERGEN SURVEYOR is to be given a wide berth by all other vessels. Vessels shall not pass within 2000 metres astern or 500 metres abeam or forward of the BERGEN SURVEYOR. Security messages will be broadcast twice daily by the BERGEN SURVEYOR at 0930hrs and 2130hrs LMT on HF frequency 4066.1 kHz. Fishing vessels working in the vicinity of the survey area should maintain a good listening watch on VHF Channel 16 at all times.
Lewis Clifton, Fisheries Liaison Officer
ROCKHOPPER EXPLORATION PLC
SEISMIC SURVEY INFORMATION NOTICE
Rockhopper Exploration Plc will acquire high resolution 2D seismic data in the North Falklands Basin during early December 2007. The survey will be undertaken by the seismic survey vessel, "Bergen Surveyor," radio call sign LACS5 (LIMA ALPHA CHARLIE SIERRA FIVE). Depending on prevailing weather conditions the entire data acquisition is expected to take about 3 - 4 days to complete.
Seismic data will be acquired over a 5km x 5km area of the Ernest Prospect. The survey grid area is centred on Latitude 50.18 16.00S and Longitude 58.56 40.00W
From time to time or for operational reasons the survey vessel may maneuver outside the survey grid area.
The BERGEN SURVEYOR will be towing a single 1500 metre streamer submerged to a
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