28 September 2015
Rockhopper Exploration plc
("Rockhopper" or the "Company")
Guendalina sidetrack update
Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce that the sidetrack well at the Guendalina gas field (Eni Operator, Rockhopper 20% Working Interest) has successfully reached it's target depth (TD) at 3,276m measured depth (MD) on schedule and budget.
Wireline logging has confirmed that all the target levels are gas bearing and have been encountered slightly higher to prognosis in an up-dip position with good reservoir characteristics and with an additional deeper gas level. The well is now being completed as a producer with gas production anticipated to commence in late October at which time a further announcement will be issued.
Sam Moody, Chief Executive Officer, commented: "This is positive news for Guendalina, and we look forward to increasing production from the field later in the year, which will enhance our already strong cash position."
Ends.
Enquiries
For further information, please contact:
Rockhopper Exploration plc
Tel: (via Vigo Communications) - 020 7016 9571
Sam Moody - Chief Executive
Fiona MacAulay - Chief Operating Officer
Stewart MacDonald - Chief Financial Officer
Canaccord Genuity Limited (NOMAD and Joint Broker)
Tel: 020 7523 8000
Henry Fitzgerald-O'Connor
Liberum Capital (Joint Broker)
Tel: 020 3100 2227
Clayton Bush
Vigo Communications
Tel: 020 7016 9571
Peter Reilly
Patrick d'Ancona
