In early January 2016, the results of the Isobel-2 re-drill were announced, confirming a large total oil column in the Isobel Deep reservoir (more than 480m) and hydrocarbons across four other horizons. Rockhopper has concluded that Isobel is “highly likely to contain a commercially viable quantity of recoverable oil”. This resource base adds to the Sea Lion development, which has benefited from falling service costs. With largely unchanged capital investment, the project should s
25 Jan 2016
Looking into 2016
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Looking into 2016
Rockhopper Exploration plc (RKH:LON) | 12.7 0 (-2.7%) | Mkt Cap: 81.5m
- Published:
25 Jan 2016 - Author:
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11
In early January 2016, the results of the Isobel-2 re-drill were announced, confirming a large total oil column in the Isobel Deep reservoir (more than 480m) and hydrocarbons across four other horizons. Rockhopper has concluded that Isobel is “highly likely to contain a commercially viable quantity of recoverable oil”. This resource base adds to the Sea Lion development, which has benefited from falling service costs. With largely unchanged capital investment, the project should s