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Drilling Update on Banda NW ST-1 Well

Source: www.gulfoilandgas.com 5/7/2008, Location: Africa

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ROC Oil, a participant in the Banda NW exploration well, in which Tullow Oil plc (Tullow) is also a partner, issued the following press release: “Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that as at midnight (local time) on 3 May 2008, the Banda NW ST-1 sidetrack well had been suspended.

The results of the wireline logging, Modular Dynamic Tester (MDT) pressure testing and sampling indicate that Banda NW ST-1 intersected an 85 metre gross gas column, with 15 metres (18%) net gas pay and a 15 metre gross oil column, with 10 metres net oil pay (67%). The fluid contacts were as expected and the well is interpreted to be in communication with the original Banda-1 discovery well drilled in 2002, approximately 2 kilometres to the east. The Banda Field is in approximately 300 metres of water and spans PSC Area A and PSC Area B.

The Atwood “Hunter” will commence with the planned well intervention work on the Chinguetti Field, once it has completed the move from Banda NW ST-1.”

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