Rockhopper Exploration, an oil and gas exploration company, has completed operations to plug and abandon the Sea Lion-1 well, the first oil discovery and contingent oil resource in the North Falkland Basin.

The company is continuing to evaluate the information acquired during its drilling and testing of the Sea Lion prospect, in order to plan the next phase in proving the reserves discovered, as well as participating in a number of wells on licences PL003 and PL004, which are operated by Desire Petroleum.

Rockhopper was established with a strategy to invest in and carry out an offshore oil exploration program to the north of the Falkland Islands.

The company holds a 100% interest in four offshore production licences: PL023, PL024, PL032 and PL033, which cover approximately 3,800sq km.

Rockhopper has also farmed in (7.5% working interest) to licences PL003 and PL004, and these licences have been granted by the Falkland Islands government.