ROC is pleased to provide the following activity
update.
1. Zhao Dong C
and D Oil Fields and C4 Oil Field, Bohai Bay, Offshore China
Roc Oil (Bohai)
Company, a wholly owned subsidiary of ROC, is pleased to report that the
initial phase of the 2008 development drilling programme has been completed
with four new wells drilled and completed and brought on production. In
addition, two further workovers involving well recompletions have also been
brought on production.
Together, the six
wells are currently contributing approximately 7,500 bopd to total production
of approximately 20,000 bopd from the C and D Oil Fields.
The 2008 drilling
programme in the C and D Oil Fields, the C4 Oil Field and the Extended Reach
Area is planned to include up to twenty-four wells comprising a mix of oil
producers and water injectors.
Participating
Interests are:
Roc Oil
(Bohai) Company (Operator)*........24.5%
PetroChina Company
Limited...........51.0%
New XCL-China LLC...............24.5%
*C4 Unitised Interest - 11.575%
2. PSC Area B,
Block 4, Offshore Mauritania
Roc Oil
(Mauritania) Company, a wholly owned subsidiary of ROC, advises that the
Chinguetti C-19 development well was spudded on 9 June 2008.
As at 0600 hours
(local time) on 23 June 2008, the current operation was preparing to cement
intermediate casing in 12� inch hole at a depth of 2808 mBRT, prior to
drilling out the 8� inch section to total target depth of 3,570 mBRT.
The C-19
development well is the first of two development wells to be drilled in the
Chinguetti Oil Field during 2008.
Participating
Interests in the Area B, Block 4, Chinguetti Joint Venture are:
Roc Group Companies..............3.250%
PC Mauritania I Pty Limited
(Operator)......47.384%
Tullow Oil plc.................19.008%
Societe Mauritanienne des Hydrocarbures....12.000%
(Government of Mauritania)
Mauritania Holdings B.V. (BG Group)........10.234%
Premier Oil Mauritania B Limited............8.123%
3. Cabinda
South Block, Onshore Angola (ROC: 60% & Operator)
Roc Oil (Cabinda)
Company, a wholly owned subsidiary of ROC, advises that the Sesamo-1
exploration well commenced drilling on 22 June 2008. As at 2200 hours (local
time) on 23 June 2008, the well was drilling ahead at 261mBRT.
Sesamo-1, which
is located in the east of the Block and twelve kilometres north of Cevada-1,
is the sixth well in the current seven well exploration drilling programme
and like Coco-1 will test a sub-salt prospect. The well is expected to be
finished during August 2008.
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..............60%
Force Petroleum
Limited..............20%
Sonangol P&P
S.A................................................................20%