2005 Financial Results Summar

Roc Oil Company Limited
08 March 2006



8 March 2006

                         ROC OIL COMPANY LIMITED ('ROC')
                             STOCK EXCHANGE RELEASE
                         2005 FINANCIAL RESULTS SUMMARY

KEY POINTS

•   $45.6 million profit after tax, a $71.8 million turnaround compared to
    the prior year.

•   $66.4 million cash position at end-2004, increased to $110 million by
    end-February 2006.

•   No debt, despite funding $102.8 million of field development costs
    during 2005.

Today, ROC released its ASX Preliminary Final Report (Appendix 4E), Directors'
Report and Annual Financial Report for the Financial Year ended 31 December
2005*. The key points are summarised below:

•   $45.6 million net profit after income tax (2004: loss of $26.2 million).
    This equates to 24.5 cents per share. The result, driven mainly by the sale
    of the Saltfleetby Gas Field, onshore UK, was achieved after $48.2 million
    exploration expenditure was expensed and written off in accordance with
    ROC's newly adopted successful efforts accounting policy.

•   $66.4 million cash position (2004: $76.0 million). This increased to
    $110 million in February 2006 after the completion of the placement of 28
    million shares at $2.71 per share in January 2006.

•   The company had no debt at year-end. In February 2006, a US$30 million
    debt facility was put in place which remains undrawn.

•   $41.6 million exploration expenditure (2004: $40.0 million) and $102.8
    million field development expenditure (2004: $7.4 million).

Note: As the sale of ROC's primary producing asset, the Saltfleetby Gas Field,
was completed in January 2005 and the Chinguetti Oil Field, offshore Mauritania,
did not start production until February 2006, it is not possible to draw a
meaningful comparison between the Company's 2005 and 2004 financial results with
regard to sales revenue, cash flow from operating activities, trading profit/
loss and EBITDA.

Commenting on the 2005 financial results, ROC's Chief Executive, John Doran,
stated that:

ROC's financial results for 2005 are over-arched by the quality of the Company's
2006 balance sheet. The Company has more than $100 million in cash; no debt;
production from the recently commissioned Chinguetti Oil Field; imminent
production from the Cliff Head Oil Field; continuing development of the Blane
Oil and Enoch Oil and Gas fields plus a diverse international exploration
drilling programme. In these fast changing industry times, that's not a bad way
to start 2006.'

* A complete copy of ROC's 2005 Financial Results is available on ROC's website.
(http://www.rocoil.com.au/userData/docs/Reports/2005/ROC%20Financials%202005.pdf)

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