4th Jan 2005 07:00
Roc Oil Company Limited04 January 2005 4 January 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 21 December 2004. PSC-B, Block 4 Tiof-6 and Chinguetti Development wells Tiof-6 Appraisal well The Tiof-6 appraisal well was spudded by the 'West Navigator' drill ship on 28December 2004 in 1165 metres of water. The 18 1/2 inch hole was drilled to 2212metres where the 13 3/8 inch casing was set. At midnight on 3 January thecurrent operation was preparing to drill ahead to the planned total depth ofapproximately 2750 metres. Chinguetti Development wells The '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 in order to comply with itscontinuous disclosure 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 those 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% | +--------------------------------------+-----------+----------+ " For further information please contact: Dr John Doran, Chief Executive 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:
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