Rockpool Acqui Regulatory News (ROC)

30 Aug 2005 07:51

Roc Oil Company Limited30 August 2005 30 August 2005 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE MAURITANIA OFFSHORE DRILLING UPDATE ROC advises that the following release was made earlier today by WoodsidePetroleum Ltd: "Woodside Mauritania Pty Ltd., a wholly owned subsidiary of Woodside PetroleumLtd., reports the following active,ties offshore Mauritania since the lastreport issued on 23 August 2005. PSC Area A: Sotto-1 ST1 Exploration Well The 'Stena Tay' drill rig acquired wireline logs on Sotto-1 ST1. No significanthydrocarbons were encountered in the well, which was plugged and abandoned. Therig then sailed to the Espadon location. PSC Area B: Espadon-1 Exploration Well The Espadon-1 well was spudded by the 'Stena Tay' drill rig on 29 August 2005 inapproximately 1675 metres of water. The well has a proposed total depth ofapproximately 3,340 metres. At midnight on 29 August, the 181/2 inch diametertop hole was drilling ahead at 2,000 metres. Chinguetti Development Wells The 'West Navigator' drillship continues to perform completion work on theChinguetti development wells. Woodside does not plan to issue regularannouncements regarding operations on the Chinguetti development wells, but willdo so if necessary to comply with its continuous disclosure obligations underthe ASX Listing Rules. General All reported drilling deptsh are referenced to the rig rotary table and alltimes are Universal Time (UTC) (Mauritanian time). The locations of planned exploration wells and the Chinguetti Oil Field areshown on the attached map*." 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 (Operator)|47.38448% |53.846% |53.846% |37.578% | +-----------------------------------+----------+--------+--------+--------+ |Hardman group companies |19.00800% |24.300% |21.600% |22.422% | +-----------------------------------+----------+--------+--------+--------+ |Groupe Project Chinguetti |12.00000% | -- | -- | -- | +-----------------------------------+----------+--------+--------+--------+ |BG group companies |10.23440% |13.084% |11.630% | -- | +-----------------------------------+----------+--------+--------+--------+ |Premier group companies | 8.12328% | -- | 9.231% | -- | +-----------------------------------+----------+--------+--------+--------+ |Roc Oil group companies | 3.24984% | 4.155% | 3.693% | 5.000% | +-----------------------------------+----------+--------+--------+--------+ |Fusion group companies | -- | 4.615% | -- | -- | +-----------------------------------+----------+--------+--------+--------+ |Petronas Carigali Overseas Sdn Bhd | -- | -- | -- |35.000% | +-----------------------------------+----------+--------+--------+--------+ *Map attached to the copy of this release on ROC's website.(http://www.rocoil.com.au/Pages/ASX_Releases/2005_Releases/August-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