Drilling Update: Mauritania

Roc Oil Company Limited
14 November 2006


14 November 2006




ROC OIL COMPANY LIMITED ('ROC')

                             STOCK EXCHANGE RELEASE

                          EXPLORATION DRILLING UPDATE
                              OFFSHORE MAURITANIA

Further to its Stock Exchange Release on 7 November 2006 regarding the
Aigrette-1 exploration well in Block 7, offshore Mauritania, ROC advises that
the well has drilled 8 1/2 inch hole to a depth of 4,474 metres and set 9 5/8 
inch casing at a depth of 3,905 metres. As at 0600 hours (local time) on 13 
November 2006, the current operation was pulling out of the hole to replace the
drilling bit prior to drilling ahead to the planned Total Depth of 4,925 metres.

Aigrette-1, in a water depth of 1,358 metres, is located 43 km north-northwest
of the 2003 Pelican-1 gas discovery and 193 km north-northwest of the Chinguetti
Oil Field.

Participating interests include:

          +-----------------------------------------+----------------+
          |                 Company                 | Dana Operated  |
          |                                         |    Block 7     |
          +-----------------------------------------+----------------+
          |Roc Oil group companies                  |           4.95%|
          +-----------------------------------------+----------------+
          |Dana Petroleum (E&P) Limited             |          36.00%|
          +-----------------------------------------+----------------+
          |Hardman group companies                  |          16.20%|
          +-----------------------------------------+----------------+
          |Woodside group companies                 |          15.00%|
          +-----------------------------------------+----------------+
          |Gaz de France                            |          27.85%|
          +-----------------------------------------+----------------+



Michelle Manook
General Manager - Corporate Affairs

                                         For further information please contact:
                                                                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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