Activity Update: Drilling

RNS Number : 2102B

Roc Oil Company Limited

13 August 2008

 



13 August 2008

ROC OIL COMPANY LIMITED ('ROC')

STOCK EXCHANGE RELEASE

ACTIVITY UPDATE: Drilling

Cabinda South Block, Onshore Angola (ROC: 60% & Operator)

Roc Oil (Cabinda) Company, a wholly owned subsidiary of ROC, advises that the Arroz-1 exploration well commenced drilling on 10 August 2008. As at 2300 hours (local time) on 11 August 2008, the well was drilling ahead at 205mBRT.

Arroz-1, which is located in the east of the Block, is the final well in the current seven well exploration drilling programme and like the previous three wells will test a sub-salt prospect. The well is expected to be finished during September 2008.

Consistent with ROC's established practice regarding its Angolan drilling activity, the Company will only issue public statements at the beginning and end of each drilling operation after the relevant information has been collected and carefully analysed.

Participating Interests in the Cabinda South Block are:

Roc Group Companies………………………60%

Force Petroleum Limited……………………….20%

Sonangol P&P S.A…........................................20%

Sheree Ford

General Counsel & Company Secretary

For further information please contact:

Mr Bruce Clement 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]

In accordance with ASX and AIM Rules, the information in this Release has been reviewed and approved by John Mebberson, General Manager, Exploration, Roc Oil Company Limited, BSc Geology. Mr Mebberson, who is a member of the American Association of Petroleum Geologists, has more than 30 years relevant experience within the industry and consents to the information in the form and context in which it appears.

 

END

 

 

DRLIIFSLTEIVLIT