Rockhopper adds another seismic vessel in search for hydrocarbons offshore Falkland Islands

Source: Rockhopper Exploration

Rockhopper Exploration (AIM: RKH) has signed another contract for marine seismic acquisition services offshore the Falkland Islands with Polarcus Limited for the use of the seismic vessel MV Polarcus Nadia. This contract is in addition to Rockhopper's contract for the MV Polarcus Asima vessel announced on October 21. 2010.

Under the contract Rockhopper will acquire a 3D seismic survey over areas of its licence PL024 (100% Rockhopper) and adjacent areas, which were not previously defined by 3D seismic, as well as participating with Desire Petroleum plc on areas of licences PL003 and PL004, in which Rockhopper has a 7.5% working interest.

A contract to process the data will be the subject of a separate invitation to tender, which will be issued shortly. Monarch Geophysical Services Limited has been retained to provide specialist acquisition and processing supervision throughout the project.

Desire Petroleum (AIM:DES) has simultaneously signed an identical contract with Polarcus Limited allowing the two companies to share the Nadia vessel for acquiring seismic data in each of their adjacent licences and other areas.

Nadia is expected to commence the joint survey in December 2010 with completion by end of April 2011.



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