Drilling Update: Banda East Appraisal Well, Offshore Mauritania

Source: www.gulfoilandgas.com 11/26/2008, Location: Africa

Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that since ROC's last drilling update release for the Banda East-1B appraisal well on 19 November 2008, work is in progress on completing the well in preparation for gas deliverability testing.

The Banda Oil and Gas Field is in approximately 300 metres of water depth and spans PSC Area A and PSC Area B.

Participating Interests in the PSC Area A Joint Venture are:
ROC Group Companies. 4.155%
PC MauritaniaI Pty Ltd (Operator) 35.000%
PC MauritaniaII B.V. 18.846%
Hardman Petroleum (Mauritania) PtyLtd. 21.300%
PlanetOil ( 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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