Driling Update - Mauritania

Roc Oil Company Limited
28 November 2006


28 November 2006


                         ROC OIL COMPANY LIMITED ('ROC')
                             STOCK EXCHANGE RELEASE

                          EXPLORATION DRILLING UPDATE
                              OFFSHORE MAURITANIA

Further to its Stock Exchange Release on 21 November 2006 regarding the
Dana-operated Aigrette-1 exploration well in Block 7, ROC advises that the well
was drilled to a depth of 4,803 metres and has encountered hydrocarbon-bearing
sandstones within the Cretaceous target zone.

In order to continue exploration of the Cretaceous section, the well is being
deepened by approximately 200 metres from the planned Total Depth of 4,925
metres with a revised Total Depth of 5,127 metres.

Preliminary interpretation of the drilling data and the intermediate wireline
logging programme indicates the presence of hydrocarbon bearing sandstones. A
gross hydrocarbon column of about 20 metres has been encountered and confirmed
in fluid samples to be oil. The composition of the samples will not be finally
determined until they have been fully analysed.

Although, this is a technically encouraging result, until all the subsurface
data have been collected and analysed it is not possible to make a definitive
comment about the commercial potential of Aigrette-1.

The current operation as at 0600 hours (local time) on 27 November, was
continuing to drill 81/2 inch hole at a depth of 5,052 metres.

Aigrette-1 is located in a water depth of 1,358 metres approximately 43 km
north- northwest of the 2003 Pelican-1 gas discovery and 193 km north-northwest
of the Chinguetti Oil Field.

Participating interests include:

          +-----------------------------------------+----------------+
          |                 Company                 | Dana Operated  |
          |                                         |    Block 7     |
          +-----------------------------------------+----------------+
          |Roc Oil group companies                  |     4.95%      |
          +-----------------------------------------+----------------+
          |Dana Petroleum (E&P) Limited             |     36.00%     |
          +-----------------------------------------+----------------+
          |Hardman group companies                  |     16.20%     |
          +-----------------------------------------+----------------+
          |Woodside group companies                 |     15.00%     |
          +-----------------------------------------+----------------+
          |Gaz de France                            |     27.85%     |
          +-----------------------------------------+----------------+


Michelle Manook
General Manager - Corporate Affairs

                                         For further information please contact:
                                                                Dr John Doran on
                                                            Tel: [phone]
                                                            Fax: [phone]
                                                     Email: [e-mail]
                                       Or visit ROC's website: www.rocoil.com.au

                                                                   Dr Kevin Hird
                                            General Manager Business Development
                                                       Tel:  [phone]
                                                       Fax:  [phone]
                                                     Email:  [e-mail]
                                                                                
                                                                    Nick Lambert
                                            Bell Pottinger Corporate & Financial
                                                       Tel:  [phone]
                                                                                


                      This information is provided by RNS
            The company news service from the London Stock Exchange