Mauritania Drilling Update

Roc Oil Company Limited
08 November 2005



8 November 2005

                         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
subsidiary Woodside Mauritania Pty. Ltd. in offshore Mauritania since the last
report issued on 1 November 2005.

                                   PSC Area B
      Tevet-2 and Tevet-2 ST1 Combined Appraisal and Exploration Well and
                          Labeidna-1 Exploration Well

The 'Stena Tay' drill rig completed plug and abandonment operations on Tevet-2
ST1, as planned, prior to moving to the Labeidna-1 exploration well location.
The well is located 15 kilometres to the south-west of the Chinguetti Field and
will target a Miocene-aged reservoir objective.

Labeidna-1 was spudded on 5 November 2005 in a water depth of 1,266 metres. At
midnight on 7 November 2005, the well had been drilled to a depth of 2,198
metres with preparations underway to set casing before drilling ahead to the
planned total depth of approximately 3,095 metres.

                                    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 companies   | 47.38448% | 53.846%  | 53.846%  | 37.578%  |
   |(Operator)                 |           |          |          |          |
   +---------------------------+-----------+----------+----------+----------+
   |Hardman group companies    | 19.00800% |  24.3%   |  21.6%   | 22.422%  |
   +---------------------------+-----------+----------+----------+----------+
   |Groupe Project Chinguetti  | 12.00000% |    --    |    --    |    --    |
   +---------------------------+-----------+----------+----------+----------+
   |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 Overseas |    --     |    --    |    --    |  35.0%   |
   |Sdn Bhd                    |           |          |          |          |
   +---------------------------+-----------+----------+----------+----------+

*Map attached to the copy of this release on ROC's website.
(http://www.rocoil.com.au/Pages/ASX_Releases/2005_Releases/November-2005.html)

Michelle Manook                          For further information please contact:
General Manager - Corporate Affairs                             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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