3rd May 2006 07:02
Roc Oil Company Limited03 May 2006 3 May 2006 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE EXPLORATION DRILLING UPDATE 1. Wei-6-12-S-1, Block 22/12, Beibu Gulf, Offshore China (ROC: 40% and Operator) As at 0600 hours local time on 3 May 2006, the Wei-6-12-S-1 exploration well hadbeen drilled to a depth of 1,680 metres and the current operation was drillingahead in Weizhou formation. The well is expected to have drilled into the firstreservoir target by early next week. Proposed Total Depth is 2,530 metres. Wei-6-12-S-1 is located in about 30 metres of water approximately 3 km southwestof the 2002 oil discovery, Wei-6-12-1. The Block 22/12 Joint Venture comprises: Roc Oil (China) Company 40% and OperatorHorizon Oil Limited 30%Petsec Energy Ltd 25%Oil Australia Pty Ltd* 5%* subsidiary of First Australian Resources 2. Willows-1, PEDL030, Onshore UK (ROC: 100% & Operator) As at 2200 hours (UK Time) on 2 May 2006, the Willows1 exploration well had beendrilled to a depth of 980 metres and the current operation was drilling ahead.Proposed Total Depth is 2,500 metres. Willows-1 is a potentially large gas prospect located about 55 km east of Yorkand 15 km south of Scarborough. Michelle Manook For further information please contact:General Manager - Corporate Affairs 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 3232 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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