First Gas Achieved at Civita Field

Source: www.gulfoilandgas.com 11/16/2015, Location: Europe

Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce that first gas production into the network from the Civita gas field, located onshore Italy in the Abruzzo Region, commenced on 13 November 2015.

The Civita gas field is located within the Aglavizza production concession and is operated by the Company with a 100% working interest.

The field will be commissioned at a rate of 12,500 standard cubic metres (scm) per day before increasing to the expected stabilised flow rate of approximately 25,000 scm per day (approximately 160 barrels of oil equivalent (boe) per day) by the end of the month.

When combined with Rockhopper's share of production from the offshore Guendalina gas field, Rockhopper expects net production from Italy in 2016 to average over 100,000 scm per day (approximately 700 boe per day).

At current gas prices and exchange rates, Rockhopper anticipates revenue from Guendalina and Civita, net to the Company, of approximately US$9 million in 2016.

Sam Moody, Chief Executive Officer, commented: "Civita is the first operated field development undertaken by Rockhopper. It has been completed on time and on budget and represents a great technical and management achievement for the Company. First gas from Civita, coupled with the recent drilling success at Guendalina, reinforces the benefit of our Mediterranean portfolio to our wider business, as well as its highly valuable contribution to our financial position."


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