Drilling Update: Western Aust

Roc Oil Company Limited
13 March 2007


13 March 2007

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

DRILLING UPDATE: THREE WELL EXPLORATION DRILLING PROGRAMME OFFSHORE PERTH BASIN

Roc Oil (WA) Pty Limited, a wholly owned subsidiary of ROC, advises that a three
well exploration drilling programme is scheduled to commence in the offshore
Perth Basin, Western Australia, in early April 2007.

The three wells scheduled for drilling are Frankland-1 and Dunsborough-1 in
WA-286-P, and Perseverance-1 in WA-325-P. The wells will be operated by ROC
using the 'Premium Wilcraft' jack up drilling rig. The entire drilling programme
is expected to be completed during May 2007.

Commenting on the drilling programme, ROC's Chief Executive Officer, John Doran,
stated that:

'Since the 2001 discovery of the Cliff Head Oil Field with the first moden
exploration well in the offshore Perth Basin, 8 exploration wells have been
drilled in an attempt to find another Cliff Head or, preferably, something
significantly bigger in this region, but all have been dry. From ROC's point of
view, the imminent drilling programme is probably the last roll of the dice
involving, as it does, two wells which are government commitment wells. If this
programme does not yield commercial encouragement, ROC will probably consolidate
its Perth Basin interest to Cliff Head and the immediately surrounding area and
redirect its exploration dollars to other parts of its portfolio. If the
programme provides a commercial discovery, ROC will be 100% focussed on working
with its co-venturers to appraise and, if warranted, develop it as soon as
possible.'

Participating Interests in WA-286-P are:
Roc Oil (WA) Pty Ltd....................................37.5%
AWE Oil (Western Australia) Pty Ltd.....................27.5%
Wandoo Petroleum Pty Ltd................................24.0%
ARC (Offshore PB) Limited................................6.0%
CIECO Exploration and Production (Australia) Pty Ltd.....5.0%

Participating Interests in WA-325-P are:
Roc Oil (WA) Pty Ltd....................................37.5%
Apache Northwest Pty Limited............................37.5%
ARC (Offshore PB) Limited...............................20.0%
Wandoo Petroleum Pty Ltd.................................5.0%


Damian Fisher
General Manager
External Affairs & Investor Relations

                                         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]
                                                                                


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