DrillingUpdate:BandaEast Appr

RNS Number : 9743H

Roc Oil Company Limited

12 November 2008

 



12 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 as at midnight (local time) on 10 November 2008, the Banda East-1B appraisal well, has reached a total depth of 2,716 mBRT, and acquisition of wireline data has been completed.

The preliminary results of the wireline logging, Modular Dynamic Tester (MDT) pressure testing and sampling indicate that Banda East-1B intersected an 86 metre gross gas column, with 22 metres (26%) net gas pay and a 19 metres gross oil column, with 7 metres net oil pay (37%). 

The fluid contacts were in line with the pre-drill expectations. 

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

The forward plan is to run the final casing and prepare for gas deliverability testing. There is no plan to test the oil leg at this time.

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%

Tullow Oil plc.............................................................24.300%

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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