Roc Oil Company Limited
06 December 2005
6 December 2005
ROC OIL COMPANY LIMITED ('ROC')
STOCK EXCHANGE RELEASE
DRILLING ACTIVITY UPDATE
FAUCON-1 EXPLORATION WELL, OFFSHORE MAURITANIA.
ROC advises that preliminary interpretation of drilling data and wireline log
information obtained while drilling, indicates that the Faucon-1 exploration
well, currently being drilled in Block 1, offshore Mauritania, has encountered
hydrocarbon-bearing sandstones within the main Cretaceous target zone.
Drilling has been temporarily suspended at 3,536 m while additional wireline
logs, formation pressures, fluid and core samples are obtained. Thereafter, it
is intended that the well be deepened by up to a further 700 m in order to fully
explore the Cretaceous section. Once the additional wireline information has
been obtained and evaluated a further announcement will be made regarding
hydrocarbon type encountered and the likely significance of the accumulation.
Faucon-1 is located in 1,162 m of water, 140 km south of the Chinguetti Oil
Field.
The Joint Venture Interests in Block 1 are:
+----------------------------------------+------------+
| | Equity |
+----------------------------------------+------------+
|Dana Petroleum (E&P) Limited (Operator) |36.0% |
+----------------------------------------+------------+
|Gaz de France UK B.V. |24.0%* |
+----------------------------------------+------------+
|Tullow Oil |20.0% |
+----------------------------------------+------------+
|Hardman Petroleum (Mauritania) Pty |18.0% |
|Limited | |
+----------------------------------------+------------+
|Roc Oil (Mauritania) Company |2.0% |
+----------------------------------------+------------+
* Subject to farmin from Dana
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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.