Last checked at 26 Nov 2008 07:00
26 November 2008
ROC OIL COMPANY LIMITED ("ROC")
STOCK EXCHANGE RELEASE
DRILLING UPDATE: BANDA EAST APPRAISAL WELL, OFFSHORE MAURITANIA
Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that since ROC's last drilling update release for the Banda East-1B appraisal well on 19 November 2008, work is in progress on completing the well in preparation for gas deliverability testing.
The Banda Oil and Gas Field is in approximately 300 metres of water depth and spans PSC Area A and PSC Area B.
Participating Interests in the PSC Area A Joint Venture are:
ROC Group Companies......................................4.155%
PC Mauritania I Pty Ltd (Operator).......................35.000%
PC Mauritania II B.V. ............................................18.846%
Hardman Petroleum (Mauritania) Pty Ltd.............21.300%
Planet Oil (Mauritania) Limited................................3.000%
Mauritania Holdings B.V. ......................................13.084%
Fusion Mauritania A B.V. ........................................3.000%
FP Mauritania A B.V. ..............................................1.615%
Matthew Gerber
Manager
Investor Relations & External Affairs
For further information please contact:
Bruce Clement on
Tel: +61-2-8023-2000
Fax: +61-2-9380-2635
Email: bclement@rocoil.com.au
Or visit ROC's website: www.rocoil.com.au
Dr Kevin Hird
General Manager - Business Development
Tel: +44 (0)20 7495 5707/+61 (0)2 8023 2000
Mob: +44 (0)7751 3671 49/+61 (0)417 261 727
Email: khird@rocoil.com.au
Michael Shaw
Oriel Securities Limited (Nominated Adviser)
Tel: +44 (0)20 7710 7600
Bobby Morse
Buchanan Communications
Tel: + 44 (0)20 7466 5000
Fax: + 44 (0)20 7466 5001
E-Mail: bobbym@buchanan.uk.com
Mob: +44 (0)7802 875 227
In accordance with ASX and AIM Rules, the information in this Release has been reviewed and approved by John Mebberson, General Manager, Exploration, Roc Oil Company Limited, BSc Geology. Mr Mebberson, who is a member of the American Association of Petroleum Geologists, has more than 30 years relevant experience within the industry and consents to the information in the form and context in which it appears.