Placement - 28 Million Shares

Roc Oil Company Limited
25 January 2006



25 January 2006


                        ROC OIL COMPANY LIMITED ('ROC')
                                        
                             STOCK EXCHANGE RELEASE
                                        
          ROC COMPLETES PLACEMENT OF APPROXIMATELY 28 MILLION SHARES TO
                        RAISE A$76 MILLION/GBP 32 MILLION

Roc Oil Company Limited is pleased to announce the completion of the placement
to raise A$75.9 million/GBP32.2 million before expenses, by the issue of a total
of 28,000,000 fully paid ordinary shares at A$2.71/£1.15 per share on 25 January
2006.

The shares issued represent about 14.9% of the issued share capital of the
Company.

ROC is issuing these shares without disclosure to investors under the
fundraising provisions of Part 6D.2 of the Corporations Act and this notice is
given pursuant to section 708A(5)(e) of the Corporations Act. As at the date of
this notice, ROC confirms that it:

•   has complied with its financial reporting and auditing obligations under
    Chapter 2M of the Corporations Act and its continuous disclosure obligations
    under section 674 of the Corporations Act; and

•   has not excluded information from a continuous disclosure notice
    required to be given to the Australian Stock Exchange Limited under the
    Listing Rules which falls within the definition of excluded information in
    section 708A(7) and (8) of the Corporations Act.





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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