13th Aug 2008 07:00
13 August 2008
ROC OIL COMPANY LIMITED ("ROC")
STOCK EXCHANGE RELEASE
ACTIVITY UPDATE: Drilling
Cabinda South Block, Onshore Angola (ROC: 60% & Operator)
Roc Oil (Cabinda) Company, a wholly owned subsidiary of ROC, advises that the Arroz-1 exploration well commenced drilling on 10 August 2008. As at 2300 hours (local time) on 11 August 2008, the well was drilling ahead at 205mBRT.
Arroz-1, which is located in the east of the Block, is the final well in the current seven well exploration drilling programme and like the previous three wells will test a sub-salt prospect. The well is expected to be finished during September 2008.
Consistent with ROC's established practice regarding its Angolan drilling activity, the Company will only issue public statements at the beginning and end of each drilling operation after the relevant information has been collected and carefully analysed.
Participating Interests in the Cabinda South Block are:
Roc Group Companies………………………60%
Force Petroleum Limited……………………….20%
Sonangol P&P S.A…........................................20%
Sheree Ford
General Counsel & Company Secretary
For further information please contact:
Mr Bruce Clement on
Tel: +61-2-8356-2000
Fax: +61-2-9380-2066
Email: [email protected]
Or visit ROC's website: www.rocoil.com.au
Dr Kevin Hird
General Manager - Business Development
Tel: +44 (0)20 7495 5707/+61 (0)2 8356 2000
Mob: +44 (0)7751 3671 49/+61 (0)417 261 727
Email: [email protected]
Michael Shaw
Oriel Securities Limited (Nominated Adviser)
Tel: +44 (0)20 7710 7600
Bobby Morse
Buchanan Communications
Tel: + 44 (0)20 7466 5000
Fax: + 44 (0)20 7466 5001
E-Mail: [email protected]
Mob: +44 (0)7802 875 227
In accordance with ASX and AIM Rules, the information in this Release has been reviewed and approved by John Mebberson, General Manager, Exploration, Roc Oil Company Limited, BSc Geology. Mr Mebberson, who is a member of the American Association of Petroleum Geologists, has more than 30 years relevant experience within the industry and consents to the information in the form and context in which it appears.
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