Offshore Update - Mauritania

Roc Oil Company Limited
07 November 2006


7 November 2006


                        ROC OIL COMPANY LIMITED ('ROC')

                             STOCK EXCHANGE RELEASE

                          EXPLORATION DRILLING UPDATE
                              OFFSHORE MAURITANIA

Further to its Stock Exchange Release on 31 October 2006 regarding the
Dana-operated Aigrette-1 exploration well in Block 7, ROC advises that the well
has been drilled to a depth of 3,915 metres in 12 1/4 inch hole. As at 0600 hours
(local time) on 6 November, the 9 5/8 inch casing was being run, ready to cement,
prior to drilling ahead in 8 1/2 inch hole.

Aigrette-1 is located in a water depth of 1,358 metres approximately 43 km
north- northwest of the 2003 Pelican-1 gas discovery and 193 km north-northwest
of the Chinguetti Oil Field. The planned Total Depth is 4,925 metres.

Participating interests include:

          +-----------------------------------------+----------------+
          |                 Company                 | Dana Operated  |
          |                                         |    Block 7     |
          +-----------------------------------------+----------------+
          |Roc Oil group companies                  |     4.95%      |
          +-----------------------------------------+----------------+
          |Dana Petroleum (E&P) Limited             |     36.00%     |
          +-----------------------------------------+----------------+
          |Hardman group companies                  |     16.20%     |
          +-----------------------------------------+----------------+
          |Woodside group companies                 |     15.00%     |
          +-----------------------------------------+----------------+
          |Gaz de France                            |     27.85%     |
          +-----------------------------------------+----------------+



Michelle Manook
General Manager - Corporate Affairs

                                         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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