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Block 09/05 Exploration Drilling Update

Source: www.gulfoilandgas.com 9/10/2014, Location: Asia

Roc Oil Company, a wholly owned subsidiary of Roc Oil Company Limited, as operator of Block 09/05, Bohai Bay, Offshore China has drilled the QK11-1-1 well to a total depth of 4,377m meters MD and 3,862m meters TVD at 01:00 hours on 7 September 2014.

Logging has been completed and plans for well abandonment are underway. The well encountered the prognosed objectives of Ming, Guantao and Dongying, but did not confirm the presence of commercial hydrocarbons. QK11-1-1 was drilled using the CPOE Rig 33 at a location approximately 15 kilometers north of ROC's existing Zhao Dong Block.

ROC is carried by AWE for 60% of the drilling costs of this first exploration well under the terms of a farm-out agreement announced on 14 August 2014.

The 09/05 PSC contains a second commitment exploration well which is anticipated to be drilled in 2015 and will target a different structural trend in the block.

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