Resolution of Dispute

Roc Oil Company Limited
31 March 2006



31 March 2006

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

                       RESOLUTION OF MAURITANIAN DISPUTE

ROC advises that Woodside Petroleum Ltd today announced that it has reached an
agreement in principle to settle the dispute over supplementary agreements with
the Mauritanian Government to four offshore Production Sharing Contracts ('PSC')
for Area A, Area B, Area C Block 2 and Area C Block 6, operated by the company's
wholly-owned subsidiary Woodside Mauritania Pty Ltd ('Woodside'), without the
need for formal arbitration.

In principle an agreement has been reached between Woodside and the Mauritanian
Government to amend the PSCs which would supersede the supplementary agreements
- the detail of which is still to be negotiated but does not affect the
exploration periods in the current PSCs.

Under the terms of the PSCs, unanimous consent is required to amend the PSCs and
ROC is currently evaluating its position.


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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