Activity Update: Drilling
26 MAR 08
1. WA-286-P, Perth Basin, Offshore Western Australia
Roc Oil (WA) Pty Limited, a wholly owned subsidiary of ROC, advises that as at 0600 hours (local time) on 26 March 2008, the Dunsborough-2 appraisal well had been drilled to 1515 mBRT and subsequently a core was cut to a depth of 1,539.5 mBRT in the primary target, the Dongara Sandstone.
The current operation is recovering the core to surface.
Dunsborough-2 is scheduled to reach the proposed Total Depth of approximately 1,680 mBRT by next week.
Dunsborough-2, located approximately 1.6 kilometres south of the 2007 Dunsborough oil and gas discovery, is the third and final well in the current Perth Basin exploration/appraisal drilling programme.
Participating Interests in the WA-286-P Joint Venture are:
Roc Oil (WA) Pty Limited (Operator)................................. 37.5%
AWE Oil (Western Australia) Pty Ltd.................................... 27.5%
ARC Energy (Offshore PB) Limited..................................... 30.0%
CIECO Exploration and Production (Australia) Pty Ltd...... 5.0%
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 25 March 2008, the 30/3a-3 water injection well was at a depth of 2,603 mBRT.
The forward programme is to drill to a planned Total Depth of approximately 3,810 mBRT and commission the well during May 2008.
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 (U.K.) 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 26.03.08