Drilling Update: Labeidna-1

Roc Oil Company Limited
15 November 2005



15 November 2005


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

                      DRILLING ACTIVITY UPDATE: LABEIDNA-1

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 Maurtiania since the last report
issued on 8 November 2005:

                    PSC Area B: Labeidna-1 Exploration Well

The 'Stena Tay' rig drilled Labeidna-1 to the final total depth of 3080 metres
where the acquisition of wireline logs, including downhole pressure measurements
and fluid sampling, commenced.

A preliminary evaluation of these data, indicates that the well intersected an
oil bearing interval comprising an interbedded series of thin sands and
claystones. Late on 14 November 2005, the collection of oil samples was
underway. Additional wireline logs will be acquired to quantify the significance
of this discovery. A further announcement will be made when this analysis has
been completed.

Following wireline logging, the well will be plugged and abandoned as planned.'

ROC'S CEO COMMENT
Commenting on the results ROC's Chief Executive Officer, Dr John Doran said:

'Until all the subsurface data have been collected and analysed it is not
possible to make a definitive comment about the commercial potential of
Labeidna-1. However, the information obtained to date suggests that
commercialisation of the discovery will be difficult given the thin nature of
the sands and a water depth of more than 1,200 metres.'

Participating Interests in the Chinguetti Joint Venture and relevant PSC areas
are:

   +---------------------------+-----------+----------+----------+----------+
   |          Company          |Chinguetti |  PSC-A   |  PSC-B   |  PSC-C,  |
   |                           |   Joint   |          |          | Block 6  |
   |                           |  Venture  |          |          |          |
   +---------------------------+-----------+----------+----------+----------+
   |Woodside group companies   | 47.38448% | 53.846%  | 53.846%  | 37.578%  |
   |(Operator)                 |           |          |          |          |
   +---------------------------+-----------+----------+----------+----------+
   |Hardman group companies    | 19.00800% |  24.3%   |  21.6%   | 22.422%  |
   +---------------------------+-----------+----------+----------+----------+
   |Groupe Project Chinguetti  | 12.00000% |    --    |    --    |    --    |
   +---------------------------+-----------+----------+----------+----------+
   |BG group companies         | 10.23440% | 13.084%  |  11.63%  |    --    |
   +---------------------------+-----------+----------+----------+----------+
   |Premier group companies    | 8.12328%  |    --    |  9.231%  |    --    |
   +---------------------------+-----------+----------+----------+----------+
   |Roc Oil group companies    | 3.24984%  |  4.155%  |  3.693%  |   5.0%   |
   +---------------------------+-----------+----------+----------+----------+
   |Fusion group companies     |    --     | 4. 615%  |    --    |    --    |
   +---------------------------+-----------+----------+----------+----------+
   |Petronas Carigali Overseas |    --     |    --    |    --    |  35.0%   |
   |Sdn Bhd                    |           |          |          |          |
   +---------------------------+-----------+----------+----------+----------+


See ROC's website for a copy of this release and accompanying map.
(http://www.rocoil.com.au/Pages/ASX_Releases/2005_Releases/November-2005.html)


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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