4th Feb 2008 07:01
Roc Oil Company Limited04 February 2008 4 February 2008 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE DRILLING UPDATE: TWO WELL EXPLORATION/APPRAISAL DRILLING PROGRAMME COMMENCES, OFFSHORE PERTH BASIN Roc Oil (WA) Pty Limited, a wholly owned subsidiary of ROC, is pleased toannounce the commencement of a two well exploration/appraisal drilling programmein WA-286-P, in the North Perth Basin, offshore Western Australia. At 0100 hours (local time) on 3 February 2008, the Premium "WilCraft" jack-updrilling rig commenced drilling the Lilac-1 exploration well, in 33 metres ofwater approximately 2.5 kilometres east of the Dunsborough-1 oil and gasdiscovery made in the permit in June 2007. Lilac-1 is expected to reach a Total Depth of approximately 1,435 mBRT inmid-February, 2008. As of 0600 (local time) on 4 February 2008 the current operation was preparingto run 13-3/8" casing. Following the drilling of Lilac-1, an appraisal well, Frankland-2, also inWA-286-P, will be drilled. The two well drilling programme is expected to becompleted by the end of February 2008. Commenting on the commencement of the drilling programme, Dr John Doran, ROC'sChief Executive Officer, stated that: "These next two wells in the offshore Perth Basin will go a long way towardsdetermining the near term potential for a new field development in the region.Therefore, although we can't predict whether or not the wells will be successfulwe can definitely say that they will be interesting!" Participating Interests in the WA-286-P joint venture are: Roc Oil (WA) Pty Ltd.....................................37.5%AWE Oil (Western Australia) Pty Ltd......................27.5%ARC (Offshore PB) Limited................................30.0%CIECO Exploration and Production (Australia) Pty Ltd......5.0% 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 Fisher For further information please contact:General Manager Dr John Doran onExternal Affairs & Investor Relations 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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