Yesterday’s drilling result has vindicated Rockhopper’s (RKH) confidence in the Isobel Deep/Elaine complex and extended its success rate to 10/12. Drilling 4km and 350m downdip of Isobel-1, the well encountered 27m of net oil pay (within the Isobel Deep, Isobel and Emily reservoirs), no gas and no oil water contact. As a result, the company believes that the total oil column is in excess of 480m and is “highly likely to contain a commercially viable quantity of recoverable o
12 Jan 2016
Isobel-2 success
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Isobel-2 success
Rockhopper Exploration plc (RKH:LON) | 13.4 0 1.1% | Mkt Cap: 85.7m
- Published:
12 Jan 2016 - Author:
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Pages:
2
Yesterday’s drilling result has vindicated Rockhopper’s (RKH) confidence in the Isobel Deep/Elaine complex and extended its success rate to 10/12. Drilling 4km and 350m downdip of Isobel-1, the well encountered 27m of net oil pay (within the Isobel Deep, Isobel and Emily reservoirs), no gas and no oil water contact. As a result, the company believes that the total oil column is in excess of 480m and is “highly likely to contain a commercially viable quantity of recoverable o