Activity Update: Drilling

19 Sep 2008 08:52

19 September 2008

ROC OIL COMPANY LIMITED ("ROC")

STOCK EXCHANGE RELEASE

ACTIVITY UPDATE: DRILLING

Cabinda South Block, Onshore Angola (ROC: 60% & Operator)

Roc Oil (Cabinda) Company, a wholly owned subsidiary of ROC, advises that the MAW-1 appraisal well commenced drilling at 1900 hours (local time) on 16 September 2008. 

MAW-1 is the first appraisal well in relation to the Massambala heavy oil discovery.

Consistent with ROC's established practice regarding its Angolan drilling activity, the Company will only issue public statements at the beginning and end of each drilling operation after the relevant information has been collected and carefully analysed.

Participating Interests in the Cabinda South Block are:

Roc Group Companies........................60%

Force Petroleum Limited..................................20%

Sonangol P&P S.A............................................20%

Matthew Gerber

Manager

Investor Relations & External Affairs 

For further information please contact:

Mr Bruce Clement

Acting Chief Executive Officer

Tel: +61-2-8356-2000

Email: bclement@rocoil.com.au

Mr Matthew Gerber

Manager, Investor Relations & External Affairs

Tel: +61 -2- 8356 2000

Fax: +61-2-9380-2066

Email: mgerber@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