Mauritania Drilling Update

Roc Oil Company Limited
28 November 2004






29 November 2004


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

                      MAURITANIA OFFSHORE DRILLING UPDATE


PSC-B, Block 4 Merou-1 Exploration Well

ROC advises that the Merou-1 exploration well in PSC-B, offshore Mauritania, has
reached Total Depth of 3060m. Drill data and preliminary log evaluation suggest
that the well intersected a number of thin hydrocarbon-bearing sands.
Hydrocarbon samples have been recovered to surface. Initial interpretation
suggests that the accumulations are not of economic size, but further analysis
will be required to determine their full significance.

Participating Interests in PSC-B are:

Woodside group companies (Operator)     53.846%
Hardman group companies                   21.6%
BG group companies                       11.63%
Premier group companies                  9.231%
Roc Oil group companies                  3.693%



John Doran                               For further information please contact:
Chief Executive Officer                                         Dr John Doran on
                                                            Tel: [phone]
                                                            Fax: [phone]
                                                    E-mail: [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]
 
                                                Ann-Marie Wilkinson/Nick Lambert
                                            Bell Pottinger Corporate & Financial
                                                       Tel:  [phone]



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