Roc Oil Company Limited
17 January 2006
17 January 2006
ROC OIL COMPANY LIMITED ('ROC')
STOCK EXCHANGE RELEASE
MAURITANIA OFFSHORE DRILLING UPDATE
ROC advises that the following release was made earlier today by Woodside
Petroleum Ltd:
'Woodside Petroleum Ltd. reports the following activity by its wholly-owned
subsidiaries Woodside Mauritania Pty. Ltd. and WEL Mauritania B.V. offshore
Mauritania since the last report issued on 10 January 2006.
PSC Area C, Block 6: Zoule-1 Exploration Well
Analysis of wireline logs and other data indicated that no significant
hydrocarbons were encountered in the Zoule-1 exploration well. The well was
plugged and abandoned by the 'Stena Tay' drill rig on 13 January 2006. The rig
then moved to the Dore-1 exploration well location in PSC Area B.
PSC Area B: Dore-1 Exploration Well
The Dore-1 exploration well was spudded on 16 January 2006. The well is located
approximately 19 kilometres east of the Tiof oil discovery in a water depth of
387 metres. At midnight the well had reached a depth of 472 metres. Dore-1 has a
planned total depth of approximately 2,388 metres.
Following the Dore-1 well, the 'Stena Tay' will be released from Mauritania. The
'Atwood Hunter' drill rig has been contracted for drilling campaigns in
Mauritania in 2006 and 2007 and is due to arrive in Mauritania in the second
quarter of 2006.
General
All reported drilling depths are referenced to the rig rotary table and all
times are Universal Time (UTC) (Mauritanian time).
The locations of planned exploration wells and the Chinguetti Oil Field are
shown on the attached map.'
Participating Interests in the Chinguetti Joint Venture and relevant PSC areas
are:
+-----------------------+----------+-----------+---------+-----------+
| Company |Chinguetti| PSC-A | PSC-B | PSC-C, |
| | Joint | | | Block 6 |
| | Venture | | | |
+-----------------------+----------+-----------+---------+-----------+
|Woodside group |47.38448% | 53.846% | 53.846% | 37.578% |
|companies (Operator) | | | | |
+-----------------------+----------+-----------+---------+-----------+
|Hardman group companies|19.00800% | 24.3% | 21.6% | 22.422% |
+-----------------------+----------+-----------+---------+-----------+
|Societe Mauritanienne |12.00000% | -- | -- | -- |
|des Hydrocarbures | | | | |
|(formerly GPC) | | | | |
+-----------------------+----------+-----------+---------+-----------+
|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 | -- | -- | -- | 35.0% |
|Overseas Sdn Bhd | | | | |
+-----------------------+----------+-----------+---------+-----------+
(*Map attached to copy release on ROC's Website:
Michelle Manook For further information please
General Manager - Corporate Affairs 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 (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
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