Roc Oil Company Limited
20 September 2005
20 September 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 Mauritania Pty. Ltd., a wholly-owned subsidiary of Woodside Petroleum
Ltd., reports the following activity offshore Mauritania since the last report
issued on 13 September 2005.
PSC Area B: Espadon-1A and Tevet-2 Wells
The Espadon-1A well was plugged and abandoned on 15 September 2005 following
analysis of wireline logs which indicated no significant hydrocarbons were
encountered in the well.
The Tevet-2 well was spudded on 16 September by the 'Stena Tay' drill rig and
has been drilled to a depth of 1,510 metres where casing has been set.
The Tevet-2 well is located 2.5km to the south of the discovery well Tevet-1, in
a water depth of 466 metres. The Tevet-2 well is a combined exploration and
appraisal well to both appraise the Tevet discovery and target a deeper
exploration prospect beneath the Tevet Miocene reservoir. The planned total
depth of the well is approximately 3,965 metres.
At midnight on 19 September 2005, preparations were underway to drill ahead to
the shallower of two objectives.
Chinguetti Development Wells
The 'West Navigator' drillship continues to perform completion work on
Chinguetti Development wells. Woodside does not plan to issue regular
announcements regarding operations on Chinguetti development wells but will do
so if necessary to comply with its continuous disclosure obligations under the
ASX Listing Rules.
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 (Operator)|47.38448% |53.846% |53.846% |37.578% |
+-----------------------------------+----------+--------+--------+--------+
|Hardman group companies |19.00800% |24.300% |21.600% |22.422% |
+-----------------------------------+----------+--------+--------+--------+
|Groupe Project Chinguetti |12.00000% | -- | -- | -- |
+-----------------------------------+----------+--------+--------+--------+
|BG group companies |10.23440% |13.084% |11.630% | -- |
+-----------------------------------+----------+--------+--------+--------+
|Premier group companies | 8.12328% | -- | 9.231% | -- |
+-----------------------------------+----------+--------+--------+--------+
|Roc Oil group companies | 3.24984% | 4.155% | 3.693% | 5.000% |
+-----------------------------------+----------+--------+--------+--------+
|Fusion group companies | -- | 4.615% | -- | -- |
+-----------------------------------+----------+--------+--------+--------+
|Petronas Carigali Overseas Sdn Bhd | -- | -- | -- |35.000% |
+-----------------------------------+----------+--------+--------+--------+
*Map attached to the copy of this release on ROC's website.
(http://www.rocoil.com.au/Pages/ASX_Releases/2005_Releases/September-2005.html)
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.
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