Further Info re Rights Issue

Roc Oil Company Limited
02 November 2006


                ROC OIL COMPANY LIMITED ('ROC' or 'the Company')
                             STOCK EXCHANGE RELEASE

                   FURTHER INFORMATION REGARDING RIGHTS ISSUE

ROC yesterday announced a fully underwritten pro-rata 3 for 8 rights issue
('Rights Issue') of approximately 81 million ordinary shares ('New Shares') with
an issue price of A$2.70/109 pence per share to raise gross proceeds of A$219
million.

Set out below is clarification of the eligibility of shareholders in the United
Kingdom and holders of Depositary Interests that trade on the AIM Market of
London Stock Exchange plc ('AIM') to participate in the Rights Issue.

UK Holders of Ordinary Shares

Persons resident in the UK are not eligible to participate in the Rights Issues
unless they are 'qualified investors' within the meaning of s86(7) of the
Financial Services and Markets Act 2000 ('FSMA') and are within the categories
of persons referred to in article 19 (investment professionals) and article 49
(high net worth companies, unincorporated associations, etc) of the FSMA
(Financial Promotion Order) 2005. Qualified investors include:

- certain registered investors under the FSMA or authorised by an EEA State as
qualified investors for the prospectus directive;

- entities authorised or regulated to operate in the financial markets;

- government and central bank institutions;

- entities which according to their last annual or consolidated accounts meet
certain criteria regarding the number of employees (250); total balance sheet
not exceeding EUR43m and annual net turnover not exceeding EUR50m.

If you are unsure as to whether you are a qualified investor please consult your
stockbroker. If you are a qualified investor and you do not receive a prospectus
by 16 November 2006, please contact Computershare on 08707 071 273.

The New Shares are being offered to Eligible Shareholders on the register at
7.00 p.m. Australian Eastern Daylight time ('AEDT') (8.00 a.m. London time) on
Friday 10 November 2006 ('the Record Date'). Acceptances under the Rights Issue
close at 5.00 p.m. AEDT (6.00 a.m. London time) on Monday 27 November 2006.

Holders of Depository Interests

Holders of Depositary Interests at the Record Date who satisfy Computershare
Investor Services PLC ('the Depositary') on behalf of ROC that they are a
Relevant Person (as defined below) will be able to participate indirectly in the
Rights Issue. Such Relevant Persons will have the opportunity either:

(i) to arrange for the Depositary to take up some or all of the rights
attributable to their Depositary Interests and receive additional Depositary
Interests representing New Shares; or

(ii) to have the opportunity to receive a cash payment under a bookbuild
arrangement following the sale of New Shares representing entitlements that have
not been taken up under the Rights Issue.

All other holders of Depositary Interests at the Record Date may receive a cash
payment under the bookbuild arrangement following the sale of New Shares
representing entitlements that have not been taken up under the Rights Issue.

The Rights will not trade on AIM or be renounceable in the UK. Existing
Depositary Interests currently traded on AIM will not be marked as ex-rights.

Entitlement to the Rights Issue is referenced to the share register and is
determined by settlement date, not trade date. Depositary Interests traded on
AIM and settled by 8.00 a.m. London time on Friday 10 November 2006 will be
entitled to the Rights Issue.

Holders of Depositary Interests will shortly receive a letter from Computershare
Investor Services PLC setting out further details of the Rights Issue, the
criteria for approval as a Relevant Person and the procedure for Relevant
Persons to participate in the Rights Issue.

For further information please contact

Dr Kevin Hird
General Manager Business Development
Tel: [phone]
Fax: [phone]
Email: [e-mail]

Nick Lambert
Bell Pottinger Corporate & Financial
Tel: [phone]

Or visit ROC's website: www.rocoil.com.au

Appendix - Relevant Persons

To be approved as a Relevant Person a holder of Depositary Interests must
satisfy the Depositary on behalf of ROC, in their absolute discretion, that:

(a) they are persons outside (i) the United Kingdom and the prohibition on
unlawful financial promotion contained in the Financial Services and Markets Act
2000 ('FSMA') will not be breached; and (ii) an European Economic Area State and
the prohibition on offering transferable securities to the public without an
approved prospectus contained in measures implementing the Prospectus Directive
2003/71/EC will not be breached; or

(b) they are persons in the United Kingdom who are (i) a 'qualified investor'
within the meaning of section 86(7) of FSMA and (ii) within the categories of
persons referred to in Article 19 (Investment professionals) or article 49 (High
net worth companies, unincorporated associations, etc.) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005.



                      This information is provided by RNS
            The company news service from the London Stock Exchange