Rockpool Acqui Regulatory News (ROC)

15 May 2006 07:03

Roc Oil Company Limited15 May 2006 15 May 2006 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE PRODUCTION & DRILLING UPDATE CLIFF HEAD OIL FIELD ROC, as Operator of the Cliff Head Oil Field Development Project in the offshorePerth Basin advises that at 2300 hours on 11 May 2006, production commenced fromthe second well in the field, CH-12H, which is the first of the four horizontalproduction wells to be brought on stream. As at 14 May 2006, CH-12H was producing at an approximate rate of 6,800 barrelsof oil per day ("BOPD"). The CH-6 well, the first well brought on productionearlier this month at a rate of approximately 1,000 BOPD, has been temporarilyshut-in while repair work is undertaken on the electric submersible pump. Field production rates are expected to continue to increase to greater than10,000 BOPD as the four other designated oil producers, including threehorizontal wells, are brought on stream during the next several weeks. The produced oil is transported via a 14 km pipeline to the onshore ArrowsmithStabilisation Plant from where it is trucked to the new BP Crude Oil UnloadingFacility at Kwinana. The first export of Cliff Head crude oil from the Arrowsmith Stabilisation Plantwas delivered to the BP Kwinana Unloading Facility on the 5 May 2006. The Cliff Head Joint Venture comprises: EquityRoc Oil (WA) Pty Limited 37.5% & OperatorAWE Oil (Western Australia) Pty Ltd 27.5%Wandoo Petroleum Pty Ltd 24.0%ARC (Offshore PB) Limited 6.0%CIECO Exploration and Production (Australia) Pty Ltd 5.0% In accordance with new rules from the Alternative Investment Market ("AIM") of the London Stock Exchange, ROC advises that the information in this report has been reviewed by an appropriately qualified person with more than 5 years relevant industry experience, specifically Mr Simon Daniel, BMechEng; MSc(Exploration & Geophysics); MSc(Petroleum Engineering), Asset Manager-Cliff HeadProject, Roc Oil Company Limited, and a member of the Society of PetroleumEngineers. Michelle Manook For further information please contact:General Manager - Corporate Affairs Dr John Doran on Tel: +61-2-8356-2000 Fax: +61-2-9380-2635 Email: jdoran@rocoil.com.au Or visit ROC's website: www.rocoil.com.au Dr Kevin Hird General Manager Business Development Tel: +44 (0)207 586 7935 Fax: +44 (0)207 722 3919 Email: khird@rocoil.com.au Nick Lambert Bell Pottinger Corporate & Financial Tel: +44 (0)207 861 3232 This information is provided by RNS The company news service from the London Stock Exchange