ROC places approx 10 shares

Roc Oil Company Limited
28 January 2005



28 January 2005


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

   ROC COMPLETES PLACEMENT OF APPROXIMATELY 10 MILLION SHARES TO RAISE US$15
                              MILLION/A$20 MILLION

Roc Oil Company Limited is pleased to announce the completion of the placement
to raise US$15m/A$19.8m by the issue of a total of 9,900,990 fully paid ordinary
shares at $2.00 per share on 27 January 2005 to two established institutional
investors.

The shares issued represent about 5.3% 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.



Bruce Clement                             or further information please contact:
Chief Operating Officer                                         Dr John Doran on
                                                            Tel: [phone]
                                                            Fax: [phone]
                                                    E-mail: [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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