11th Mar 2008 07:02
Roc Oil Company Limited11 March 2008 11 March 2008 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE DRILLING UPDATE: WEI 6-12E-1A EXPLORATION WELL, BLOCK 22/12, OFFSHORE CHINA Roc Oil (China) Company, a wholly owned subsidiary of ROC, advises that as at0600 hours (local time) on 11 March 2008, the current operation at the Wei6-12E-1A exploration well was cutting sidewall cores. Since the last DrillingReport on 4 March 2008, the well has drilled to a Total Depth of 2,510 mBRT andan extensive evaluation programme has been carried out. Although the wellencountered minor residual oil shows it will be plugged and abandoned. The wellresult does not impact upon the development plans for the nearby Wei 6-12 andWei 6-12 South Oil Fields. Based on a variety of operational reasons, the Block 22/12 Joint Venture iscurrently reviewing its decision to drill the Wei 12-2N-1 well. Participating Interests in the Block 22/12 Joint Venture are: Roc Oil (China) Company (Operator)..................40% Horizon Oil Limited.................................30% Petsec Petroleum*...................................25% Oil Australia Pty Ltd**..............................5% The above interests are subject to Government participation in developments of up to 51% *a subsidiary of Petsec Energy Ltd **a subsidiary of First Australian Resources 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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