Roc Oil (China) Company, a wholly owned subsidiary of ROC, advises as at 0600 hours (local time) on 16 January 2008, the Premium "Murmanskaya" jack up drilling rig is currently drilling a 12-1/4" hole section at a depth of 1,684 mBRT.
The forward plan is to drill ahead to 1,860 mBRT to set 9-5/8" casing.
The Wei-6-12W-1 well is located approximately 2.5 kilometres northwest of the Wei 6-12S-1 oil discovery.
Participating Interests in the Block 22/12 Joint Venture are:
Roc Oil (China) Company........................... 40% (Operator)
Horizon Oil Limited....................................... 30%
Petsec Petroleum........................................ 25%
Oil Australia Pty Ltd*...................................... 5%
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ROC Oil
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