Mauritania Drilling Update

Roc Oil Company Limited
24 November 2005




24 November 2005

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

                      MAURITANIA OFFSHORE DRILLING UPDATE

ROC advises that the 'Stena Tay' drill rig completed plug and abandonment
operations on the Woodside-operated Labeidna-1 on 20 November and went on
contract to Dana Petroleum (E&P) Limited. The 'Stena Tay' drill rig was moved 
to drill the Faucon Prospect on behalf of the Dana-operated Mauritania Block 1
Joint Venture.

Faucon-1 was spudded on 22 November 2005 in a water depth of 1,161 metres. At
midnight on 22 November 2005, the well had been drilled to a depth of 1,220
metres.

The Faucon Prospect is a Cretaceous age canyon complex sealed against a salt
dome. The planned total depth of the well is approximately 4,200 metres below
sea level, which is expected to be reached in approximately 30 days.

Faucon-1 is located approximately 140 km south of the Woodside-operated
Chinguetti field, 60 km from the shoreline and 200 km southwest of the capital
Nouakchott.

The Joint Venture Interests in Block 1 are:

Dana Petroleum (E&P) Limited (Operator).............36.0%
Gaz de France UK B.V................................24.0%
Energy Africa Mauritania Limited....................20.0%
Hardman Petroleum (Mauritania) Pty Limited..........18.0%
Roc Oil (Mauritania) Company.........................2.0%


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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