Activity Update: Drilling
09 APR 08
1. Offshore Mauritania
Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that the Banda NW appraisal well commenced drilling on 2 April 2008. The well is located approximately 2 kilometres west of the 2002 discovery well, Banda-1 and about 60 kilometres off the Mauritanian coast. As at 0600 hours (local time) on 8 April 2008, Banda NW was at a depth of 1,055 mBRT where the 13-3/8" casing had been set.
The forward operation is to drill ahead to a planned Total Depth of 2,692 mBRT.
The well is in a water depth of approximately 327 metres in PSC Area B.
Participating Interests in the PSC Area B Joint Venture are:
ROC Group Companies..................................................... 3.693%
PC Mauritania I Pty Ltd (Operator)................................. 53.846%
Tullow Oil plc..................................................................... 21.600%
Mauritania Holdings B.V................................................. 11.630%
Premier Oil Mauritania B Limited.................................... 9.231%
2. Blane Oil Field, North Sea
Roc Oil (GB) Limited, a wholly owned subsidiary of ROC, advises that as at 0600 hours (local time) on 8 April 2008, the "Ocean Princess" rig was in the process of completing the 30/3a-3Z sidetrack water injection well.
Unitised Interests in the Blane Oil Field are:
Roc Oil (GB) Limited..................................................... 12.5%
Talisman Energy (UK) Limited.................................... 25.0%
Talisman Energy Norge AS......................................... 18.0%
MOC Exploration (UK) Limited
(a subsidiary of Nippon Oil Corporation)................. 14.0%
ENI UK Limited............................................................... 13.9%
ENI ULX Limited............................................................... 4.1%
Bow Valley Petroleum (UK) Limited........................... 12.5%
For further information see: Stock Exchange Release 09.04.08