DrillingUpdate:BandaEast Appr

RNS Number : 9518I

Roc Oil Company Limited

26 November 2008

 



26 November 2008

ROC OIL COMPANY LIMITED ('ROC')

STOCK EXCHANGE RELEASE

DRILLING UPDATE: BANDA EAST APPRAISAL WELL, OFFSHORE MAURITANIA

Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that since ROC's last drilling update release for the Banda East-1B appraisal well on 19 November 2008, work is in progress on completing the well in preparation for gas deliverability testing.

The Banda Oil and Gas Field is in approximately 300 metres of water depth and spans PSC Area A and PSC Area B. 

Participating Interests in the PSC Area A Joint Venture are:

ROC Group Companies......................................4.155%

PC Mauritania I Pty Ltd (Operator).......................35.000%

PC Mauritania II B.V. ............................................18.846%

Hardman Petroleum (Mauritania) Pty Ltd.............21.300%

Planet Oil (Mauritania) Limited................................3.000%

Mauritania Holdings B.V. ......................................13.084%

Fusion Mauritania A B.V. ........................................3.000%

FP Mauritania A B.V. ..............................................1.615%

Matthew Gerber

Manager

Investor Relations & External Affairs

For further information please contact:

Bruce Clement 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]

Mob: [phone]

Email:  [e-mail]

Michael Shaw

Oriel Securities Limited (Nominated Adviser)

Tel: [phone]

Bobby Morse

Buchanan Communications

Tel: + 44 (0)20 7466 5000

Fax: + 44 (0)20 7466 5001

E-Mail: [e-mail]

Mob: [phone]

In accordance with ASX and AIM Rules, the information in this Release has been reviewed and approved by John Mebberson, General Manager, Exploration, Roc Oil Company Limited, BSc Geology. Mr Mebberson, who is a member of the American Association of Petroleum Geologists, has more than 30 years relevant experience within the industry and consents to the information in the form and context in which it appears.

 

END

 

 

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