Last checked at 5 Nov 2008 07:00
5 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 at 2 November 2008, the Banda East-1B appraisal well had achieved a depth of 2,443 mBRT. Current operation was to prepare to run Core#2 from 2,443 mBRT.
The Banda East appraisal well was spudded on 4 October 2008 and the forward programme is to continue drilling to a planned Total Depth of approximately 2,800 mBRT.
Banda East-1B is appraising the Banda Oil and Gas Field. The Banda Oil and Gas Field was discovered in 2002 and is located approximately 80 kilometres from the Mauritanian coast in 300 metres of water, spanning PSC Area A and PSC Area B.
Participating Interests in the PSC Area A Joint Venture are:
Roc Oil (Mauritania) Company................................4.155%
PC Mauritania I Pty Ltd (Operator)...........................53.846%
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: +61-2-8356-2000
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 8356 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