DrillingUpdate:BandaEast Appr

RNS Number : 4613H

Roc Oil Company Limited

05 November 2008

 



5 November 2008

ROC OIL COMPANY LIMITED ('ROC')

STOCK EXCHANGE RELEASE

DRILLING UPDATE: BANDA EAST APPRAISAL WELL, OFFSHORE MAURITANIA

Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that at 2 November 2008, the Banda East-1B appraisal well had achieved a depth of 2,443 mBRT. Current operation was to prepare to run Core#2 from 2,443 mBRT.  

The Banda East appraisal well was spudded on 4 October 2008 and the forward programme is to continue drilling to a planned Total Depth of approximately 2,800 mBRT. 

Banda East-1B is appraising the Banda Oil and Gas Field. The Banda Oil and Gas Field was discovered in 2002 and is located approximately 80 kilometres from the Mauritanian coast in 300 metres of water, spanning PSC Area A and PSC Area B.

Participating Interests in the PSC Area A Joint Venture are: 

Roc Oil (Mauritania) Company................................4.155%

PC Mauritania I Pty Ltd (Operator)...........................53.846%

Hardman Petroleum (Mauritania) Pty Ltd.................21.300%

Planet Oil (Mauritania) Limited....................................3.000%

Mauritania Holdings B.V.............................................13.084%

Fusion Mauritania A B.V...............................................3.000%

FP Mauritania A B.V.....................................................1.615%

Matthew Gerber

Manager

Investor Relations & External Affairs

For further information please contact:

Bruce Clement 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]

Mob: [phone]

Email:  [e-mail]

Michael Shaw

Oriel Securities Limited (Nominated Adviser)

Tel: [phone]

Bobby Morse

Buchanan Communications

Tel: + 44 (0)20 7466 5000

Fax: + 44 (0)20 7466 5001

E-Mail: [e-mail]

Mob: [phone]

 

END

 

 

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