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Drilling Update: Banda East Appraisal Well, Offshore Mauritania

Source: www.gulfoilandgas.com 11/5/2008, Location: Africa

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Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that at 2 November 2008, the Banda East-1B appraisal well had achieved a depth of 2,443 mBRT. Current operation was to prepare to run Core#2 from 2,443 mBRT.

The Banda East appraisal well was spudded on 4 October 2008 and the forward programme is to continue drilling to a planned Total Depth of approximately 2,800 mBRT.

Banda East-1B is appraising the Banda Oil and Gas Field. The Banda Oil and Gas Field was discovered in 2002 and is located approximately 80 kilometres from the Mauritanian coast in 300 metres of water, spanning PSC Area A and PSC Area B.

Participating Interests in the PSC Area A Joint Venture are:

Roc Oil (Mauritania) Company 4.155%
PC Mauritania I Pty Ltd (Operator) 53.846%
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%

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