Roc Oil abandon Frankland-2

Roc Oil (WA) Pty Ltd. has drilled the Frankland-2 appraisal well at WA-286-P, Perth basin, offshore Western Australia, to a TD of 2,330 m (7,644 ft) below the rotary table from the WilCraft jackup drilling rig.

Offshore staff

HOUSTON -- Roc Oil (WA) Pty Ltd. has drilled the Frankland-2 appraisal well at WA-286-P, Perth basin, offshore Western Australia, to a TD of 2,330 m (7,644 ft) below the rotary table from the WilCraft jackup drilling rig.

The well intersected gas in the target sands, confirming hydrocarbons in the eastern region of the Frankland field. The reservoir is of poorer quality than that encountered in Frankland-1. The Frankland-2 well is being P&A'd.

ROC and the joint venture will evaluate data rom the well, and in conjunction with the results of the 3D seismic survey currently being processed, the field will be re-evaluated for possible further appraisal.

Frankland-2 is approximately 1 km (0.6 mi) northeast of the 2007 Frankland-1 well gas discovery.
Following the drilling of Frankland-2, ROC and the joint venture plan to drill the Dunsborough-2 to appraise the 2007 Dunsborough oil discovery.

Participating Interests in the WA-286-P joint venture are Roc Oil, operator with 37.5%;
AWE Oil (Western Australia) Pty Ltd with 27.5%, ARC Energy (Offshore PB) Ltd with 30%, and CIECO Exploration and Production (Australia) Pty Ltd.with 5%.

2/04/2008

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