Drilling Activity Update

Roc Oil Company Limited
07 November 2005




7 November 2005


                             ROC OIL COMPANY LIMITED
                              STOCK EXCHANGE RELEASE

                            DRILLING ACTIVITY UPDATE

KEY POINT

•   Flying Foam-1, a rank wildcat exploration well, starts drilling,
    offshore Perth Basin.

Roc Oil (WA) Pty Ltd, Operator for and on behalf of the WA-327-P Joint Venture,
advises that the ENSCO-67 jack-up drilling rig commenced drilling Flying Foam-1,
a rank wildcat well in the offshore Perth Basin, at 23.00 hrs Western Standard
Time ('WST') on 4 November 2005. As at 24.00 hrs 6 November, WST the well was
drilling ahead at 177 metres below rotary table ('MBRT') after setting 20'
conductor pipe at 137 MBRT.

Flying Foam-1 is a vertical well, located in 65 metres of water, 160 km
northwest of Geraldton, Western Australia and 230 km northwest of the Cliff Head
Oil Field. The well will test a 3D seismic-defined structure with an estimated
recoverable reserve potential of 15 - 30 MMBO. The well is expected to reach a
Total Depth of 1,431 MBRT during the course of this week.

The Flying Foam Joint Venture comprises:         Equity

    Roc Oil (WA) Pty Ltd                         37.50%
    (Operator)
    Apache Northwest Pty Limited                 37.50%
    Arc Energy                                    20.0%
    Wandoo Petroleum Pty Ltd                      5.00%



Michelle Manook                          For further information please contact:
General Manager - Corporate Affairs                             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]
                                                       Fax:  [phone]
                                                     Email:  [e-mail]
 
                                                                    Nick Lambert
                                            Bell Pottinger Corporate & Financial
                                                       Tel:  [phone]



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