Drilling Report

Roc Oil Company Limited
09 November 2004




9 November 2004


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

                      MAURITANIA OFFSHORE DRILLING UPDATE


ROC advises that the following release was made earlier today by Woodside
Petroleum Limited:

'Woodside Mauritania Pty Ltd, a wholly-owned subsidiary of Woodside Petroleum
Ltd., reports the following activity offshore Mauritania since the last report
issued on 2 November 2004.

                   PSC-B, Block 4 Tiof-3 ST2 and Capitaine-1A

Tiof-3 ST2 Appraisal well

Preparations to flow test the well continued on the 'West Navigator' drill ship.

Capitaine-1A Exploration Well

The 'Stena Tay' rig drilled the well to the final total depth of 3130 metres,
where wireline logs were acquired.

Evaluation of the logs indicates the well did not contain hydrocarbons, although
excellent quality reservoir sands were intersected.

The well was plugged and abandoned, and at midnight on 8 November the 'Stena 
Tay' was moving to the Tiof-4 appraisal well location to drill the bottom hole
section.

All reported drilling depths are referenced to the rig rotary table and all
times are Universal Time (UTC) (Mauritanian time).

The locations of the Chinguetti Oil Field, the Tiof and Banda discoveries and
exploration wells to be drilled early in the 2004-05 drilling campaign are shown
on the attached map.*

Wells are expected to be drilled in three production sharing contract areas
during the campaign.'

Dr John Doran, Chief Executive Officer of ROC commented that:

'Whenever you embark on a large, multi-well, exploration and appraisal drilling
programme in an area that was recently regarded as wildcat frontier acreage, you
are going to have a mix of good, bad and indifferent results - its just that,
until you drill them, you don't know which wells will be in which category. The
result from Capitaine-1A is simply a reminder of normal industry exploration
statistics'

Participating Interests in the areas are:

   +-------------------------------------+-----------+----------+----------+
   |               Company               |   PSC-A   |  PSC-B   |  PSC-C2  |
   +-------------------------------------+-----------+----------+----------+
   |Woodside group companies (Operator)  |  53.846%  | 53.846%  |   48%    |
   +-------------------------------------+-----------+----------+----------+
   |Hardman group companies              |   24.3%   |  21.6%   |  28.8%   |
   +-------------------------------------+-----------+----------+----------+
   |BG group companies                   |  13.084%  |  11.63%  |    --    |
   +-------------------------------------+-----------+----------+----------+
   |Premier group companies              |    --     |  9.231%  |    --    |
   +-------------------------------------+-----------+----------+----------+
   |Fusion group companies               |  4. 615%  |    --    |    --    |
   +-------------------------------------+-----------+----------+----------+
   |Roc Oil group companies              |  4.155%   |  3.693%  |   3.2%   |
   +-------------------------------------+-----------+----------+----------+

*Map attached to the copy of this release on ROC's website
(http://www.rocoil.com.au/Pages/ASX_Releases/2004_Releases/November-2004.html)

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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