24th Mar 2005 07:02
Roc Oil Company Limited24 March 2005 24 March 2005 ROC OIL COMPANY LIMITED STOCK EXCHANGE RELEASE DRILLING ACTIVITY UPDATE: HADDA-1, THE OFFSHORE PERTH BASIN Roc Oil (WA) Pty Ltd, Operator for and on behalf of the WA-325-P Joint Venture,advises that, as at 08.00 hours on 24 March, 2005, Australian Western StandardTime, the Hadda-1 rank wildcat well had reached a Total Depth of 1,831 metresand logging was underway. Preliminary interpretation of the drilling and loggingdata suggests that the well has drilled approximately 20 metres of poor qualitysand with oil shows, immediately below the regional seal and source section andimmediately above good quality sands which appear to be water bearing. A moredefinitive comment cannot be made until logging has been completed and all thedata analysed. Hadda-1, is a vertical well drilled by the ENSCO-56 jack-up drilling rig, inabout 45 metres of water, in WA-325-P, about 150 km northwest of Geraldton,Western Australia and some 200 km northwest of the Cliff Head Oil Field. The Hadda Joint Venture comprises: WA-325-P Current Equities post-deals Equities announced but not yet completedRoc Oil (WA) Pty Ltd 37.50% 37.50%Apache Northwest Pty Limited 37.50% 37.50%Voyager (PB) Limited 10.00% 12.50%Bounty Oil & Gas NL 10.00% 7.50%Wandoo Petroleum Pty Limited 5.00% 5.00% Bruce Clement For further information please contact:Chief Operating Officer Dr John Doran on Tel: +61-2-8356-2000 Fax: +61-2-9380-2635 Email: [email protected] Or visit ROC's website: www.rocoil.com.au Dr Kevin Hird General Manager Business Development Tel: +44 (0)207 586 7935 Fax: +44 (0)207 722 3919 Email: [email protected] Nick Lambert Bell Pottinger Corporate & Financial Tel: +44 (0)207 861 322 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Rockpool Acqui