Drilling Activity Update

Roc Oil Company Limited
08 November 2004





8 November 2004


                        ROC OIL COMPANY LIMITED ('ROC')

                              STOCK EXCHANGE RELEASE


                            DRILLING ACTIVITY UPDATE

KEY POINTS

• Operations have commenced at the Errington-1 exploration wildcat well,
  onshore UK.


ERRINGTON-1: EXPLORATION WELL, PEDL028, ONSHORE UK (ROC: 100% & Operator)

On 6 November 2004 operations started at the Errington-1 exploration wildcat
well located in PEDL028 approximately 35km west of Newcastle in Northern
England. The top hole section is being drilled by an air rig but when surface
casing has been set that rig will be changed out for a conventional drilling
rig.

The Errington-1 well, which is targeting a potentially large gas prospect, is
expected to reach the first target horizon during the latter part of December
2004.

Commenting on Errington-1, Dr John Doran, ROC's CEO stated that:

'Like all wildcat exploration wells, Errington-1 is, statistically speaking,
likely to be dry with the main risk being poor quality reservoir. However, the
Errington structure is very large so that if gas is discovered, the field has
the theoretical potential to be even larger than ROC's Saltfleetby gas field in
Lincolnshire.'



Bruce Clement                                 For further information please
Chief Operating Officer                                             contact:
                                                            Dr John Doran on
                                                        Tel: [phone]
                                                        Fax: [phone]
                                                E-mail: [e-mail]
                                                     Or visit ROC's website:
                                                           www.rocoil.com.au

                                                               Dr Kevin Hird
                                        General Manager Business Development
                                                   Tel:  [phone]
                                                   Fax:  [phone]
                                                 Email:  [e-mail]

                                            Ann-Marie Wilkinson/Nick Lambert
                                        Bell Pottinger Corporate & Financial
                                                  Tel:  [phone]



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