Rockhopper was established in 2004 with a strategy to invest in and undertake an offshore oil exploration programme in the North Falkland Basin. It was floated on AIM in August 2005. Rockhopper was the first company to make a commercial oil discovery in the Falklands. Today Rockhopper is the largest acreage holder in the North Falkland Basin, with interests in the Greater Mediterranean region.
Rockhopper completes merger with Falkland Oil & Gas following shareholder approval from both Rockhopper and FOGL shareholders.
In August, Rockhopper completes the acquisition of a portfolio of production and exploration assets in Egypt.
In November, Rockhopper announced the terms of its all-share merger with Falkland Oil & Gas. Through the merger with FOGL, Rockhopper consolidates its leading acreage and resource position in the North Falkland Basin.
In November, and in response to a significant reduction in the global price for oil, Rockhopper and Premier announce a lower cost, phased development concept for Sea Lion.
In recognition of Rockhopper’s unrivalled understanding of the North Falkland Basin, it was agreed that Rockhopper would retain the sub-surface lead in relation to future exploration activities.
In addition, Rockhopper participated in a further five non-operated wells.
In February, the Ocean Guardian drilling rig arrived in Falklands waters to carry out a multi-well programme on behalf of multiple operators. In the spring, Rockhopper (as operator) drilled its first exploration well on the Sea Lion prospect which resulted in an oil discovery. The well was successfully flow tested in September.
Acquired licences PL023, 24, 32, & 33 100% as Operator and farmed in to Desire Petroleum licences PL003 & PL004 for a 7.5% interest.
Operated two 2D surveys, a 3D survey, two CSEM surveys and various EIA & benthic surveys. Raised sufficient additional capital in late 2009 to share the Ocean Guardian drilling rig with Desire Petroleum to drill two firm wells on the Sea Lion & Ernest prospects.