Drilling Update: Banda East Appraisal Well, Offshore Mauritania
03 DEC 08
Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that since ROC’s last drilling update release for the Banda East-1B appraisal well on 26 November 2008, work is in progress to suspend the well. Due to operational difficulties, gas deliverability testing of the Banda East-1B well will not take place during this drilling campaign.
The Banda Oil and Gas Field is in approximately 300 metres of water depth and spans PSC Area A and PSC Area B.
Participating Interests in the PSC Area A Joint Venture are:
Roc Group Companies.....................................................4.155%
PC Mauritania I Pty Ltd (Operator)................................35.000%
PC Mauritania II B.V. .......................................................18.846%
Hardman Petroleum (Mauritania) Pty Ltd....................21.300%
Planet Oil (Mauritania) Limited .......................................3.000%
Mauritania Holdings B.V. ...............................................13.084%
Fusion Mauritania A B.V. ..................................................3.000%
FP Mauritania A B.V. ..........................................................1.615%
For further information see: Stock Exchange Release 03.12.08