Drilling Report

Roc Oil Company Limited
08 December 2004


8 December 2004
                        ROC OIL COMPANY LIMITED ('ROC')

                      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 30 November 2004.

PSC-B, Block 4
Merou-1, Tiof-3 ST2, Tiof-5 and Chinguetti Development wells
Merou-1 Exploration well
The Merou-1 exploration well was plugged and abandoned by the 'Stena Tay' drill
rig on 1 December 2004. The 'Stena Tay' then moved to the Tiof-5 location.

Tiof-3 ST2 Appraisal well
The Tiof-3 ST2 well was suspended as a potential future development well by the
'West Navigator' drill ship on 3 December 2004. The 'West Navigator' then moved
to the Chinguetti Field.

Tiof-5 Appraisal well
The Tiof-5 appraisal well was spudded by the 'Stena Tay' drill rig on 3 December
2004 in 993 metres of water. The 171/2 inch hole was drilled to a depth of 2,159
metres where the 133/8 inch casing was set. At midnight on 6 December the rig
was preparing to drill ahead to the target interval.

Chinguetti Development wells
The 'West Navigator' drill ship resumed operations on Chinguetti Development
wells on 3 December 2004. Woodside does not plan to issue further announcements
regarding operations on Chinguetti development wells, but will make additional
announcements if required to comply with its continuous disclosure obligations
under the ASX Listing Rules.

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

Wells are expected to be drilled in two production sharing contract areas during
the remainder of the 2004/5 campaign. Participating Interests in those areas
are:

Company PSC-A PSC-B
Woodside group companies (Operator) 53.846% 53.846%
Hardman group companies 24.3% 21.6%
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%

                                     -ends-

For further information, please contact:

ROC Oil Limited

John Doran, Chief Executive Officer, ([phone]
Or visit ROC's website: www.rocoil.com.au

Bell Pottinger Corporate & Financial

Ann-Marie Wilkinson / Nick Lambert [phone]




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