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NBL Noble Energy Inc

24.62
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Noble Energy Inc NYSE:NBL NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 24.62 0 01:00:00

Rockhopper Exploration: Premier Contracts Drilling Unit

04/06/2014 10:30am

Dow Jones News


Noble Energy (NYSE:NBL)
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LONDON--Rockhopper Exploration PLC (RKH.LN) Wednesday said a drilling unit has been contracted by Premier Oil PLC (PMO.LN) to drill a minimum of four firm wells in the North Falkland Basin.

MAIN FACTS:

-Rig contracted by Premier Oil PLC (PMO.LN) as operator and will also be used by Noble Energy under a rig sharing agreement to drill a further two firm wells elsewhere in the Falklands

-8 options secured which can be exercised prior to mobilization a further eight which can be elected at key points during the campaign

-Order has yet to be finalized; Rockhopper + partners anticipate using the first two firm slots on the rig to drill the Zebedee and Isobel/Elaine prospects, with Noble taking the third and fourth, before the rig returns to the North Falkland Basin for the final two firm wells

-4 firm wells in the North Falklands Basin will target an expected 520 million+ barrels of Stock Tank Original Oil In Place net to Rockhopper

-Shares at 0725 GMT up 3 pence or 2.6%

-Write to Ed Ballard at ed.ballard@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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