Oil & Gas Corporate News
Rockhopper Exploration (LON:RKH) (RKH, 240p, ? (10.86%)) announced yesterday that work is continuing on analysing the results of the Sea Lion 14/10-2 well and is expected to be concluded shortly. The company reported that there has been a delay in returning a sample to the UK due to air transport logistics difficulties between the Falkland Islands and the UK and subsequently clearing Customs. The sample is however now in the UK and analysis will be underway very shortly. Nevertheless, a sample of oil from the shallowest oil sand in the well was subjected to a preliminary test in Stanley and this indicated a medium grade crude, broadly in line with the Directors' expectations, with an API of 26.3.
