7th May 2008 07:01
Roc Oil Company Limited07 May 2008 7 May 2008 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE DRILLING UPDATE: BANDA NW ST-1, OFFSHORE MAURITANIA Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that asat midnight (local time) on 3 May 2008, the Banda NW ST-1 sidetrack well hadbeen suspended. The results of the wireline logging, Modular Dynamic Tester (MDT) pressuretesting and sampling indicate that Banda NW ST-1 intersected an 85 metre grossgas column, with 15 metres (18%) net gas pay and a 15 metre gross oil column,with 10 metres net oil pay (67%). The fluid contacts were as expected and thewell is interpreted to be in communication with the original Banda-1 discoverywell drilled in 2002, approximately 2 kilometres to the east. The Banda Field isin approximately 300 metres of water and spans PSC Area A and PSC Area B. The Atwood "Hunter" will commence with the planned well intervention work on theChinguetti Field, once it has completed the move from Banda NW ST-1. Participating Interests in the PSC Area A Joint Venture are: ROC Group Companies...................................4.155% PC Mauritania I Pty Ltd (Operator)...................53.846% Tullow Oil plc.......................................24.300% Mauritania Holdings B.V..............................13.084% Fusion Mauritania A B.V...............................3.000% FP Mauritania A B.V...................................1.615% Participating Interests in the PSC Area B Joint Venture are: ROC Group Companies...................................3.693% PC Mauritania I Pty Ltd (Operator)...................53.846% Tullow Oil plc.......................................21.600% Mauritania Holdings B.V..............................11.630% Premier Oil Mauritania B Limited......................9.231% In accordance with ASX and AIM Rules, the information in this Release has beenreviewed and approved by Dr John Doran, Chief Executive Officer, Roc Oil CompanyLimited, BSc (Hons) Geology, MSc and PhD. Dr Doran, who is a member of theSociety of Petroleum Engineers, has more than 30 years of relevant experiencewithin the industry and consents to the information in the form and context inwhich it appears. Damian FisherGeneral ManagerExternal Affairs & Investor Relations For further information please contact: 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)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 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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