1st Feb 2005 07:01
Roc Oil Company Limited01 February 2005 1 February 2005 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE MAURITANIA OFFSHORE DRILLING UPDATE ROC advises that the following release was made earlier today by WoodsidePetroleum Limited: "Woodside Mauritania Pty Ltd, a wholly-owned subsidiary of Woodside PetroleumLtd., reports the following activity offshore Mauritania since the last reportissued on 18 January 2005. PSC-B, Block 4 Tiof-6 and Chinguetti Development wells Tiof-6 Appraisal wellThe 'West Navigator' drill ship returned as planned to the Tiof-6 Appraisal Welllocation on 28 January to conduct a production test. Tiof-6 was previouslysuspended on 17 January 2005 at a total depth of 2,963 metres after intersectinga gross oil column of approximately 124 metres containing several individualsands of variable thickness. At midnight on 31 January 2005 preparations to production test the well wereunderway. Chinguetti Development wellsThe 'Stena Tay' drill rig continued operations on Chinguetti Development wells.The 'West Navigator' was released from Chinguetti operations on 27 January 2005to resume operations on the Tiof-6 Appraisal well. Woodside does not plan toissue announcements regarding operations on Chinguetti development wells, butwill do so if necessary to comply with its continuous disclosure obligationsunder the ASX Listing Rules. All reported drilling depths are referenced to the rig rotary table and alltimes are Universal Time (UTC) (Mauritanian time). The locations of the Chinguetti Oil Field, the Tiof and Banda discoveries andexploration wells are shown on the attached map*. Wells are expected to be drilled in two production sharing contract areas duringthe remainder of the 2005 campaign."Participating Interests in the areas are: +-----------------------------------+-----------+----------+ | Company | PSC-A | PSC-B | +-----------------------------------+-----------+----------+ |Woodside group companies (Operator)| 53.846% | 53.846% | +-----------------------------------+-----------+----------+ |Hardman group companies | 24.3% | 21.6% | +-----------------------------------+-----------+----------+ |BG group companies | 13.084% | 11.63% | +-----------------------------------+-----------+----------+ |Premier group companies | -- | 9.231% | +-----------------------------------+-----------+----------+ |Fusion group companies | 4. 615% | -- | +-----------------------------------+-----------+----------+ |Roc Oil group companies | 4.155% | 3.693% | +-----------------------------------+-----------+----------+ *Map attached to the copy of this release on ROC's website(http://www.rocoil.com.au/Pages/ASX_Releases/2005_Releases/February-2005.html) Bruce Clement For further information please contact:Chief Operating Officer Dr John Doran on Tel: +61-2-8356-2000 Fax: +61-2-9380-2635 E-mail: [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:
Rockpool Acqui