Roc Oil Company Limited
10 March 2005
10 March 2005
ROC OIL COMPANY LIMITED
STOCK EXCHANGE RELEASE
DRILLING ACTIVITY UPDATE: CLIFF HEAD-6
Roc Oil (WA) Pty Limited, Operator for and on behalf of the WA-286-P Joint
Venture, advises that, as of 0600 hrs Australian Western Standard Time, the
Cliff Head-6 well ('CH-6') in the Cliff Head Oil Field in the offshore Perth
Basin, Western Australia, had been drilled to a Total Depth of 1,530 metres and
logging was is in progress.
Preliminary analysis of the log data received to date indicates that the well
has intersected a 71 metre vertical gross oil column with an oil-water contact
consistent with the field-wide contact. Net to gross is approximately 70%.
Porosities in the reservoir sequence are generally in the mid to high teens with
sections above 20% porosity. Because CH-6, located in the main horst part of the
field, has been drilled at an angle of approximately 40 degrees the gross
reservoir interval intersect by the well is 93 metres. The forward plan for CH-6
is to complete logging, run casing and suspend the well as a potential future
oil producer.
The Joint Venture plans to meet on 11 March 2005 to consider a Final Investment
Decision for the project.
The WA-286-P Joint Venture comprises: Equity
Roc Oil (WA) Pty Ltd (Operator)........................... 37.5%
AWE Oil (Western Australia) Pty Ltd .......................27.5%
Wandoo Petroleum Pty Ltd...................................24.0%
Voyager (PB) Limited........................................6.0%
CIECO Exploration and Production (Australia) Pty Ltd .......5.0%
Bruce Clement For further information please contact:
Chief Operating Officer Dr John Doran on
Tel: +61-2-8356-2000
Fax: +61-2-9380-2635
Email: jdoran@rocoil.com.au
Or visit ROC's website: www.rocoil.com.au
Dr Kevin Hird
General Manager Business Development
Tel: +44 (0)207 586 7935
Fax: +44 (0)207 722 3919
Email: khird@rocoil.com.au
Nick Lambert
Bell Pottinger Corporate & Financial
Tel: +44 (0)207 861 3232
This information is provided by RNS
The company news service from the London Stock Exchange
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