20th Sep 2005 07:03
Roc Oil Company Limited20 September 2005 20 September 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 Ltd: "Woodside Mauritania Pty. Ltd., a wholly-owned subsidiary of Woodside PetroleumLtd., reports the following activity offshore Mauritania since the last reportissued on 13 September 2005. PSC Area B: Espadon-1A and Tevet-2 Wells The Espadon-1A well was plugged and abandoned on 15 September 2005 followinganalysis of wireline logs which indicated no significant hydrocarbons wereencountered in the well. The Tevet-2 well was spudded on 16 September by the 'Stena Tay' drill rig andhas been drilled to a depth of 1,510 metres where casing has been set. The Tevet-2 well is located 2.5km to the south of the discovery well Tevet-1, ina water depth of 466 metres. The Tevet-2 well is a combined exploration andappraisal well to both appraise the Tevet discovery and target a deeperexploration prospect beneath the Tevet Miocene reservoir. The planned totaldepth of the well is approximately 3,965 metres. At midnight on 19 September 2005, preparations were underway to drill ahead tothe shallower of two objectives. Chinguetti Development Wells The 'West Navigator' drillship continues to perform completion work onChinguetti Development wells. Woodside does not plan to issue regularannouncements regarding operations on Chinguetti development wells but will doso if necessary to comply with its continuous disclosure obligations under theASX Listing Rules. General All reported drilling depths are referenced to the rig rotary table and alltimes are Universal Time (UTC) (Mauritanian time). The locations of planned exploration wells and the Chinguetti Oil Field areshown on the attached map*." Participating Interests in the Chinguetti Joint Venture and relevant PSC areasare: +-----------------------------------+----------+--------+--------+--------+ | Company |Chinguetti| PSC-A | PSC-B | PSC-C, | | | Joint | | |Block 6 | | | Venture | | | | +-----------------------------------+----------+--------+--------+--------+ |Woodside group companies (Operator)|47.38448% |53.846% |53.846% |37.578% | +-----------------------------------+----------+--------+--------+--------+ |Hardman group companies |19.00800% |24.300% |21.600% |22.422% | +-----------------------------------+----------+--------+--------+--------+ |Groupe Project Chinguetti |12.00000% | -- | -- | -- | +-----------------------------------+----------+--------+--------+--------+ |BG group companies |10.23440% |13.084% |11.630% | -- | +-----------------------------------+----------+--------+--------+--------+ |Premier group companies | 8.12328% | -- | 9.231% | -- | +-----------------------------------+----------+--------+--------+--------+ |Roc Oil group companies | 3.24984% | 4.155% | 3.693% | 5.000% | +-----------------------------------+----------+--------+--------+--------+ |Fusion group companies | -- | 4.615% | -- | -- | +-----------------------------------+----------+--------+--------+--------+ |Petronas Carigali Overseas Sdn Bhd | -- | -- | -- |35.000% | +-----------------------------------+----------+--------+--------+--------+ *Map attached to the copy of this release on ROC's website.(http://www.rocoil.com.au/Pages/ASX_Releases/2005_Releases/September-2005.html) 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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