Rockpool Acqui Regulatory News (ROC)

15 Nov 2005 07:03

Roc Oil Company Limited15 November 2005 15 November 2005 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE DRILLING ACTIVITY UPDATE: LABEIDNA-1 ROC advises that the following release was made earlier today by WoodsidePetroleum Limited: "Woodside Mauritania Pty. Ltd., a wholly-owned subsidiary of Woodside PetroleumLtd., reports the following activity offshore Maurtiania since the last reportissued on 8 November 2005: PSC Area B: Labeidna-1 Exploration Well The 'Stena Tay' rig drilled Labeidna-1 to the final total depth of 3080 metreswhere the acquisition of wireline logs, including downhole pressure measurementsand fluid sampling, commenced. A preliminary evaluation of these data, indicates that the well intersected anoil bearing interval comprising an interbedded series of thin sands andclaystones. Late on 14 November 2005, the collection of oil samples wasunderway. Additional wireline logs will be acquired to quantify the significanceof this discovery. A further announcement will be made when this analysis hasbeen completed. Following wireline logging, the well will be plugged and abandoned as planned." ROC'S CEO COMMENTCommenting on the results ROC's Chief Executive Officer, Dr John Doran said: "Until all the subsurface data have been collected and analysed it is notpossible to make a definitive comment about the commercial potential ofLabeidna-1. However, the information obtained to date suggests thatcommercialisation of the discovery will be difficult given the thin nature ofthe sands and a water depth of more than 1,200 metres." Participating Interests in the Chinguetti Joint Venture and relevant PSC areasare: +---------------------------+-----------+----------+----------+----------+ | Company |Chinguetti | PSC-A | PSC-B | PSC-C, | | | Joint | | | Block 6 | | | Venture | | | | +---------------------------+-----------+----------+----------+----------+ |Woodside group companies | 47.38448% | 53.846% | 53.846% | 37.578% | |(Operator) | | | | | +---------------------------+-----------+----------+----------+----------+ |Hardman group companies | 19.00800% | 24.3% | 21.6% | 22.422% | +---------------------------+-----------+----------+----------+----------+ |Groupe Project Chinguetti | 12.00000% | -- | -- | -- | +---------------------------+-----------+----------+----------+----------+ |BG group companies | 10.23440% | 13.084% | 11.63% | -- | +---------------------------+-----------+----------+----------+----------+ |Premier group companies | 8.12328% | -- | 9.231% | -- | +---------------------------+-----------+----------+----------+----------+ |Roc Oil group companies | 3.24984% | 4.155% | 3.693% | 5.0% | +---------------------------+-----------+----------+----------+----------+ |Fusion group companies | -- | 4. 615% | -- | -- | +---------------------------+-----------+----------+----------+----------+ |Petronas Carigali Overseas | -- | -- | -- | 35.0% | |Sdn Bhd | | | | | +---------------------------+-----------+----------+----------+----------+ See ROC's website for a copy of this release and accompanying map.(http://www.rocoil.com.au/Pages/ASX_Releases/2005_Releases/November-2005.html) 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