12th Sep 2006 07:04
Roc Oil Company Limited12 September 2006 12 September 2006 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE EXPLORATION DRILLING UPDATE OFFSHORE MAURITANIA Further to its Stock Exchange Release on 5 September 2006, ROC advises theDana-operated Flamant-1 exploration well in Block 8 has reached a depth of 2,035metres Below Rotary Table ("mBRT") and the 13 3/8 inch casing has been run and set to a depth of 2,030 mBRT. As at 0600 hours (local time) on 11 September 2006, the current operation was preparing to drill ahead in 12 1/4 inch hole to the planned Total Depth of approximately 3,370 mBRT. Flamant-1 is located in a water depth of 1,414 metres approximately 340 kmnorth-west of the Chinguetti Oil Field. On completion of Flamant-1, the Atwood Hunter will drill a second Dana-operatedexploration well, Aigrette-1 in Block 7, before returning the rig to Woodside. Participating interests include: +---------------------------+---------+---------+| Company | Block 8 | Block 7 |+---------------------------+---------+---------+|Roc Oil group companies | 2.000%* | 4.950% ||* Option to increase to 5% | | |+---------------------------+---------+---------+|Dana Petroleum (E&P) | 41.500% | 63.850% ||Limited | | |+---------------------------+---------+---------+|Wintershall AG | 25.000% | -- |+---------------------------+---------+---------+|Hardman group companies | 18.000% | 16.200% |+---------------------------+---------+---------+|Woodside group companies | -- | 15.000% |+---------------------------+---------+---------+|Gaz de France UK B.V | 13.500% | -- |+---------------------------+---------+---------+ 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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