22nd Feb 2005 07:02
Roc Oil Company Limited22 February 2005 22 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 15 February 2005. PSC-B, Block 4 Tiof-6 and Chinguetti Development wells Tiof-6 Appraisal wellThe 'West Navigator' drillship successfully completed production testing of theTiof-6 appraisal well. As previously reported, the well produced oil during themain flow period of the test at a stable rate of approximately 9,150 barrels perday, constrained by a 72/64 inch choke. At midnight on 21 February 2005, the 'West Navigator' was suspending the well asa potential future oil production well prior to resuming operations onChinguetti Development wells. Chinguetti Development wellsThe 'Stena Tay' drill rig continued operations on Chinguetti Development wells.Woodside does not plan to issue announcements regarding operations on Chinguettidevelopment wells, but will do so if necessary to comply with its continuousdisclosure obligations under 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 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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