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Cormoran-1 Exploration Well, Offshore Mauritania

Source: www.gulfoilandgas.com 9/20/2010, Location: Africa

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Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that the Cormoran-1 exploration well started drilling at 2000 hours (Mauritania time) on 18 September. At 0600 hours on 19 September (Mauritania time) the well was drilling ahead at a measured depth of 1,760 metres.

Cormoran-1 is located in Block 7, offshore Mauritania, approximately 2 kilometres southeast of the Pelican-1 gas discovery. The planned total depth of the well is approximately 4,600 metres and the well is located in a water depth of 1,630 metres.

Participating Interests in Block 7 are:

Dana Petroleum (E&P) Limited (Operator).......................36.00%

GDF SUEZ Exploration Mauritania B.V..............................27.85%

Tullow Petroleum (Mauritania) Pty Ltd...............................16.20%

PC Mauritania I Pty Ltd..........................................................15.00%

Roc Oil (Mauritania) Company..............................................4.95%

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