Sale of Saltfleetby Gas Field

Roc Oil Company Limited
24 January 2005



24 January 2005


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

                    ROC CLOSES SALE OF SALTFLEETBY GAS FIELD

Consistent with its public announcements dated 21 December 2004 and 20 January
2005 ROC is pleased to confirm that in London on Friday, 21 January 2005, it
closed the £44 million/A$108.5 million (at current exchange rates) sale of the
Saltfleetby Gas Field to the WINGAS GmbH a joint venture which consists of
Wintershall AG and OAO Gazprom.

Commenting on the placement, ROC's chief Executive Officer, Dr John Doran stated
that:

'Settlement of the sale within three weeks of the effective date is a credit to
all participants. As a result of the receipt of the sale proceeds together with
the monies due from the premium placement announced earlier today ROC has just
over A$200 million in cash and receivables and no debt.'





Bruce Clement                            For further information please contact:
Chief Operating Officer                                         Dr John Doran on
                                                            Tel: [phone]
                                                            Fax: [phone]
                                                    E-mail: [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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