26th Jul 2006 07:02
Roc Oil Company Limited26 July 2006 26 July 2006 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE DRILLING UPDATE WEI 6-12S-1, OIL DISCOVERY, OFFSHORE CHINA Since the last Stock Exchange Release on 19 July 2006 regarding the Wei 6-12S-1exploration well in Block 22/12, Beibu Gulf, offshore China, the secondsidetrack hole, Wei 6-12S-1Sb drilled ahead from a depth of 2,217 metres belowRotary Table ("mBRT") As at 0600 hrs (local time) on 26 July, the well had been drilled to a depth of2,860 mBRT and drilling operations were continuing.Total Depth has been revised to 2,930 mBRT to ensure all targets have beenpenetrated and is expected to be reached by the end of the week. Extensivewireline logging will then be carried out, with initial analysis expected nextweek. The Block 22/12 Joint Venture comprises*: Roc Oil (China) Company 40% and OperatorHorizon Oil Limited 30%Petsec Energy Ltd 25%Oil Australia Pty Ltd** 5% \* The China National Offshore Oil Company ("CNOOC") is entitled to participate upto a 51% funding equity level in any commercial development within Block 22/12.** A subsidiary of First Australian Resources 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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