Rockpool Acqui Regulatory News (ROC)

1 Jun 2007 07:02

Roc Oil Company Limited01 June 2007 1 June 2007 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE ACTIVITY UPDATE: PRODUCTION & EXPLORATION 1. PRODUCTION 1.1 Enoch Oil and Gas Field, North Sea, UK (ROC: 12%) ROC's wholly-owned subsidiary, Roc Oil (GB) Limited, is pleased to advise thatthe Enoch Oil and Gas Field started production on Thursday 31 May 2007, UK time.Early field production rates are expected to exceed 12,000 BOPD and 20 MMSCFD ofgas (Net ROC: 1,440 BOPD and 2.4 MMSCFD). Enoch production is transported to andprocessed at, the Brae Alpha facility, some 15 km to the northwest. The Talisman North Sea Limited operated unitised Enoch Oil & Gas Field islocated 250 kilometres northeast of Aberdeen and straddles the UK and Norwegianinternational boundary. Commenting on the start-up at Enoch, ROC's Chief Executive Officer, John Doranstated that: "Enoch represents another production box ticked, this time in the North Sea. Asa result, ROC's company-wide production has kicked back into the 10,000-12,000BOPD range. When the Blane Field starts producing later this year about 25% ofROC's production will come from the North Sea." 1.2 Cliff Head Oil Field, Offshore Western Australia (ROC: 37.5% & Operator) Recent well workover operations at the Cliff Head Oil Field have been completed,as a result of which, current reservoir production capacity is estimated to becomfortably above 10,000 BOPD. Actual gross production is approximately 9,500BOPD (Net ROC: 3,375 BOPD) which reflects a current trucking constraint. 1.3 Zhao Dong C & D Oil Fields, Bohai Bay, Offshore China (ROC: 24.5% & Operator) Gross daily oil production from the Zhao Dong C & D Oil Fields averagedapproximately 20,000 BOPD (Net ROC: 5,000 BOPD) during May. The developmentdrilling activities which commenced in April will result in an additional 9producers and 6 water injectors being drilled and this is expected to liftfield-wide production to approximately 25,000 BOPD. 1.4 Chinguetti Oil Field, Offshore Mauritania (ROC: 3.25%) During May, the Chinguetti Oil Field produced at a gross rate of approximately17,600 BOPD (Net ROC: 572 BOPD) from six wells, including the recently completedinfill development well. 2. EXPLORATION 2.1 Dunsborough-1, Perth Basin, Offshore Western Australia (ROC: 37.5% & Operator) Roc Oil (WA) Pty Limited advises that the Dunsborough-1 exploration wellcommenced drilling operations at 1730 hours Australian Western Standard Time(AWST), on 31 May 2007. As of 0600 hours (AWST) on 1 June, the current operationwas installing 508 mm conductor at 101mBRT. Dunsborough-1, the final well in a series of three exploration wells in thenorthern part of the offshore Perth Basin, is being drilled by the Premium"Wilcraft" jack-up drilling rig. The well is located in exploration permitWA-286-P, approximately 25 km northwest of the recent Frankland-1 gas discovery. 2.2 Massambala-1, Cabinda South Block, Angola (ROC 60% & Operator) Road access and site preparation have been completed at the Massambala-1location following heavy unseasonal rain during the last two weeks which delayedconstruction. Massambala-1 will be drilled by the ROC Explorer drilling rig andis expected to commence within two weeks. Refurbishment of the "Simmons 80" rig in Dubai is almost complete and the rig isexpected to be ready to commence drilling in Angola during July. Damian FisherGeneral ManagerExternal Affairs & Investor Relations For further information please contact: 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 20 7495 5707/+61 2 8356 2000 Mob: +44 775136 7149/+61 417 261 727 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