16th May 2006 07:01
Roc Oil Company Limited16 May 2006 16 May 2006 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE UK DRILLING UPDATE WILLOWS-1 EXPLORATION WELL & BLANE OIL FIELD DEVELOPMENT 1. Willows-1, PEDL030, Onshore UK (ROC: 100% & Operator) As at 1800 hours (UK time) on 15 May 2006, the Willows-1 exploration well hadbeen drilled to a depth of 1,528 metres and the current operation was running 7 5/8 inch intermediate casing. Proposed Total Depth is 2,500 metres. Willows-1 is a potentially large gas prospect located about 55 km east of Yorkand 15 km south of Scarborough. 2. Blane Oil Field, North Sea, Offshore UK (ROC: 12.5%) ROC, as a participant in the Blane Oil Field Development Project ("theProject"), is pleased to advise that development drilling commenced on 13 May2006. In a drilling programme expected to take approximately 4 months, the Operator,Talisman, will batch drill the upper hole sections of the three developmentwells and then drill to Total Depth and complete the two planned horizontalproduction wells. The third well, a water injector, will be completed in 2007. The Blane Field Joint Venture (unitised across UK/Norway median line) comprises: EquityRoc Oil (GB) Limited 12.501%Talisman Expro Limited (Operator) 25.002%MOC Exploration (U.K.) Ltd 13.994%Eni UK Limited 13.897%Eni ULX Limited 4.105%Bow Valley Petroleum (UK) Ltd 12.501%Talisman Energy Norge AS 18.000% 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 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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