Roc Oil Company Limited
08 August 2005
8 August 2005
ROC OIL COMPANY LIMITED ('ROC')
STOCK EXCHANGE RELEASE
2005 OFFSHORE MAURITANIA -
EXPLORATION DRILLING PROGRAMME START-UP
ROC announces that the Sotto-1 exploration well in Mauritania PSC A, commenced
drilling on 6 August, 2005 at 2300 GMT. The well is being drilled by the Stena
Tay drilling vessel.
Sotto-1 is located approximately 110km southwest of Nouakchott, the Mauritanian
capital, and 42km south of the Chinguetti Oil Field in a water depth of 320m.
The planned total depth of the well is 3,330m.
The well is targeting Lower Miocene canyon fill sands of approximately the same
age as the Chinguetti and Tiof oil discoveries in PSC B.
ROC's participation in the 2005 exploration drilling programme in Mauritania is
expected to include wells in the Woodside operated PSCs A, B and C6, and the
Dana operated PSC 1.
Hydrocarbon shows will only be reported after all required logs have been run
and evaluated, although ROC will release weekly updates on the exploration
drilling campaign.
Commenting upon the Sotto-1 well ROC' s CEO, Dr John Doran, stated that:
'The high risk Sotto-1 well marks the start of something that has become almost
a seasonal event over the past few years for ROC - participating in an
exploration drilling programme offshore Mauritania. Given the large size of
Mauritania's offshore area and the fact that, prior to the first modern drilling
campaign in 2001, commercial oil had not been discovered in the country, this
year's exploration drilling programme should not be viewed any differently to
its predecessors - it's another important step in our understanding of this
newly emergent hydrocarbon province which will probably provide a mix of results
typical of such frontier drilling programmes.'
Interests in PSC A and Sotto -1 are:
Woodside (Operator) 53.846%
Hardman 24.3%
BG Group 13.084%
Fusion/Premier 4.615%
ROC 4.155%
Michelle Manook For further information please contact:
General Manager - Corporate Affairs Dr John Doran on
Tel: +61-2-8356-2000
Fax: +61-2-9380-2635
Email: jdoran@rocoil.com.au
Or visit ROC's website: www.rocoil.com.au
Dr Kevin Hird
General Manager Business Development
Tel: +44 (0)207 586 7935
Fax: +44 (0)207 722 3919
Email: khird@rocoil.com.au
Nick Lambert
Bell Pottinger Corporate & Financial
Tel: +44 (0)207 861 3232
This information is provided by RNS
The company news service from the London Stock Exchange
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