26th Sep 2005 07:03
Roc Oil Company Limited26 September 2005 26 September 2005 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE TEVET-2 PRELIMINARY RESULTS, OFFSHORE MAURITANIA ROC advises that the PSC Area B Tevet-2 exploration-appraisal well has reached adepth of 2,785 metres measured depth below rotary table and logging operationsare underway. The well has drilled through the Miocene channel sand system which constitutesthe shallower of the well's two objectives. The well will now be deepened totest a separate Cretaceous target with a planned total depth of approximately3,965 metres. Preliminary information from drilling and log results to date suggest that thewell has encountered hydrocarbon-bearing sands in a sequence that bearscomparison to the equivalent channel section drilled by the 2004 discovery well(Tevet-1) approximately 3km to the north. Further comment regarding the significance of Tevet-2 cannot be made untiladditional information being acquired has been analysed and completed. 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 | 47.38448% | 53.846% | 53.846% | 37.578% | |(Operator) | | | | | +---------------------------+-----------+----------+----------+----------+ |Hardman group companies | 19.00800% | 24.3% | 21.6% | 22.422% | +---------------------------+-----------+----------+----------+----------+ |Groupe Project Chinguetti | 12.00000% | -- | -- | -- | +---------------------------+-----------+----------+----------+----------+ |BG group companies | 10.23440% | 13.084% | 11.63% | -- | +---------------------------+-----------+----------+----------+----------+ |Premier group companies | 8.12328% | -- | 9.231% | -- | +---------------------------+-----------+----------+----------+----------+ |Roc Oil group companies | 3.24984% | 4.155% | 3.693% | 5.0% | +---------------------------+-----------+----------+----------+----------+ |Fusion group companies | -- | 4. 615% | -- | -- | +---------------------------+-----------+----------+----------+----------+ |Petronas Carigali Overseas | -- | -- | -- | 35.0% | |Sdn Bhd | | | | | +---------------------------+-----------+----------+----------+----------+ 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: jdoran@rocoil.com.au 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: khird@rocoil.com.au 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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