Activity Update: Drilling

Roc Oil Company Limited
26 March 2008





26 March 2008

                         ROC OIL COMPANY LIMITED ('ROC')
                             STOCK EXCHANGE RELEASE

                           ACTIVITY UPDATE: DRILLING

1. WA-286-P, Perth Basin, Offshore Western Australia

Roc Oil (WA) Pty Limited, a wholly owned subsidiary of ROC, advises that as at
0600 hours (local time) on 26 March 2008, the Dunsborough-2 appraisal well had
been drilled to 1515 mBRT and subsequently a core was cut to a depth of 1,539.5
mBRT in the primary target, the Dongara Sandstone.

The current operation is recovering the core to surface.

Dunsborough-2 is scheduled to reach the proposed Total Depth of approximately
1,680 mBRT by next week.

Dunsborough-2, located approximately 1.6 kilometres south of the 2007
Dunsborough oil and gas discovery, is the third and final well in the current
Perth Basin exploration/appraisal drilling programme.

Participating Interests in the WA-286-P Joint Venture are:

    Roc Oil (WA) Pty Limited (Operator)....................................37.5%
    ARC Energy (Offshore PB) Limited.......................................30.0%
    AWE Oil (Western Australia) Pty Ltd....................................27.5%
    CIECO Exploration and Production (Australia) Pty Ltd....................5.0%

2. Blane Oil Field, North Sea

Roc Oil (GB) Limited, a wholly owned subsidiary of ROC, advises that as at 0600
hours (local time) on 25 March 2008, the 30/3a-3 water injection well was at a
depth of 2,603 mBRT.

The forward programme is to drill to a planned Total Depth of approximately
3,810 mBRT and commission the well during May 2008.

Unitised Interests in the Blane Oil Field are:

    Roc Oil (GB) Limited...................................................12.5%
    Talisman Energy (UK) Limited...........................................25.0%
    Talisman Energy Norge AS...............................................18.0%
    MOC Exploration (UK) Limited (a subsidiary of Nippon Oil Corporation)..14.0%
    ENI UK Limited.........................................................13.9%
    ENI ULX Limited.........................................................4.1%
    Bow Valley Petroleum (UK) Limited......................................12.5%


Damian Fisher
General Manager
External Affairs & Investor Relations

                                         For further information please contact:
                                                                Dr John Doran on
                                                            Tel: [phone]
                                                            Fax: [phone]
                                                     Email: [e-mail]
                                       Or visit ROC's website: www.rocoil.com.au
                                                                                
                                                                   Dr Kevin Hird
                                          General Manager - Business Development
                                     Tel: [phone]
                                     Mob: [phone]
                                                     Email:  [e-mail]
                                                                                
                                                                    Michael Shaw
                                    Oriel Securities Limited (Nominated Adviser)
                                                       Tel:  [phone]
                                                                                
                                                                     Bobby Morse
                                                         Buchanan Communications
                                                       Tel: + 44 (0)20 7466 5000
                                                       Fax: + 44 (0)20 7466 5001
                                                  E-Mail: [e-mail]
                                                        Mob: [phone]
                                                                                


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