Roc Oil Company Limited
26 September 2005
26 September 2005
ROC OIL COMPANY LIMITED ('ROC')
STOCK EXCHANGE RELEASE
TEVET-2 PRELIMINARY RESULTS,
OFFSHORE MAURITANIA
ROC advises that the PSC Area B Tevet-2 exploration-appraisal well has reached a
depth of 2,785 metres measured depth below rotary table and logging operations
are underway.
The well has drilled through the Miocene channel sand system which constitutes
the shallower of the well's two objectives. The well will now be deepened to
test a separate Cretaceous target with a planned total depth of approximately
3,965 metres.
Preliminary information from drilling and log results to date suggest that the
well has encountered hydrocarbon-bearing sands in a sequence that bears
comparison to the equivalent channel section drilled by the 2004 discovery well
(Tevet-1) approximately 3km to the north.
Further comment regarding the significance of Tevet-2 cannot be made until
additional information being acquired has been analysed and completed.
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 | | | | |
+---------------------------+-----------+----------+----------+----------+
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
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