Drilling Update: Banda East Appraisal Well, Offshore Mauritania
19 NOV 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 12 November 2008, casing has been run and cemented and the well is being prepared for gas deliverability testing.
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 19.11.08