Activity Update: Drilling
08 OCT 08
Cabinda South Block, Onshore Angola (ROC: 60% & Operator)
Roc Oil (Cabinda) Company, a wholly owned subsidiary of ROC, advises that MAW-1, the first appraisal well in relation to the Massambala heavy oil discovery, has been plugged and abandoned having reached a Total Depth of 455 mBRT.
Preliminary interpretation of data from MAW-1 confirmed a heavy oil column of 9.5m gross pay and reservoir parameters as predicted.
The programme will now continue with the drilling of the second appraisal well before operations are suspended prior to the onset of the rainy season.
Consistent with ROC’s established practice regarding its Angolan drilling activity, the Company will only issue public statements at the beginning and end of each drilling operation after the relevant information has been collected and carefully analysed.
Participating Interests in the Cabinda South Block are:
Roc Group Companies (Operator)................. 60%
Force Petroleum Limited................................... 20%
Sonangol P&P S.A.............................................. 20%
For further information see: Stock Exchange Release 08.10.08