Rockpool Acqui Regulatory News (ROC)

16 Aug 2005 17:51

Roc Oil Company Limited16 August 2005 16 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 activity offshore Mauritania since the last reportissued on 9 August 2005. PSC Area A: Sotto-1 ST1 Exploration Well The 'Stena Tay' drill rig drilled the Sotto-1 well to a depth of 1,353 metres.Due to operational difficulties it was necessary to sidetrack the well, and atmidnight on 15 August, preparations were underway to drill the Sotto-1 ST1sidetrack to a planned total depth of 3,350 metres. Chinguetti Development Wells The 'West Navigator' drillship continues to perform completion work onChinguetti Development wells. Woodside does not plan to issue regularannouncements regarding operations on Chinguetti development wells, but will doso if necessary to comply with its continuous disclosure obligations under theASX Listing Rules. All reported drilling depths are referenced to the rig rotary table and alltimes are Universal Time (UTC) (Mauritanian time). The locations of Sotto-1, the Chinguetti Oil Field and the Tiof and Bandadiscoveries are shown 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 | 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 Sdn| -- | -- | -- | 35.0% | |Bhd | | | | | +------------------------------+------------+----------+----------+----------+ *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