Drilling Update: Mauritania

Roc Oil Company Limited
26 September 2006



26 September 2006

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

                          EXPLORATION DRILLING UPDATE
                              OFFSHORE MAURITANIA

Further to its Stock Exchange Release on 19 September 2006, ROC advises that the
Dana-operated Flamant-1 exploration well in Block 8 reached a Total Depth of
3,299 metres Below Rotary Table ('mBRT').

Analysis of the wireline and drill data indicates that the well has not
encountered any significant hydrocarbons. As at 0600 hours (local time) on 25
September 2006 preparations were underway to plug and abandon.

On completion of Flamant-1 the Atwood Hunter will drill a second Dana-operated
exploration well, Aigrette-1 in Block 7, before returning to Woodside.

Participating interests include:

               +---------------------------+---------+---------+
               |          Company          | Block 8 | Block 7 |
               +---------------------------+---------+---------+
               |Roc Oil group companies    | 2.000%* | 4.950%  |
               |*Option to increase to 5%  |         |         |
               +---------------------------+---------+---------+
               |Dana Petroleum (E&P)       | 41.500% | 63.850% |
               |Limited                    |         |         |
               +---------------------------+---------+---------+
               |Wintershall AG             | 25.000% |   --    |
               +---------------------------+---------+---------+
               |Hardman group companies    | 18.000% | 16.200% |
               +---------------------------+---------+---------+
               |Woodside group companies   |   --    | 15.000% |
               +---------------------------+---------+---------+
               |Gaz de France UK B.V       | 13.500% |   --    |
               +---------------------------+---------+---------+

                                         For further information please contact:
Michelle Manook                                                 Dr John Doran on
General Manager - Corporate Affairs                         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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