Drilling Update

Roc Oil Company Limited
14 September 2004


                        ROC OIL COMPANY LIMITED ('ROC')
                                        
                                   RELEASE TO
                                        
                        AUSTRALIAN STOCK EXCHANGE ('ASX')
                                        


          DRILLING ACTIVITY UPDATE - PSC AREA C2, OFFSHORE MAURITANIA
                                        
                            DORADE-1 EXPLORATION WELL


ROC reports that the Dorade-1 exploration well, in Block 2 offshore Mauritania,
commenced drilling on 12 September 2004. ROC via its wholly owned subsidiary,
Roc Oil (Mauritania) Company, has a 3.2% participating interest in the area.

The drill ship 'West Navigator' is drilling the top hole of the well. The bottom
hole, containing the primary interval in the well, will be drilled at a later
date by the drill rig 'Stena Tay'. Current activity at 0000hrs Mauritanian time
14/09/04 is running in hole with 17 1/2-in drilling assembly.

The location is about 165km south west of Nouakchott, the capital of Mauritania
and about 85km south of the Chinguetti oil field.  Water depth at the location
is about 1670 metres.  Planned total depth is about 2660 metres.

All reported drilling depths are referenced to the rig rotary table. Hydrocarbon
shows will only be reported after all required logs have been run and evaluated.

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


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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