Roc to drill Flying Foam

The Roc Oil operated WA-327-P joint venture plans to drill the Flying Foam prospect as part of a multi-well campaign in adjoining Offshore Perth basin permits WA-325-P and WA-327-P. Drilling is scheduled for January 2005, but could be moved forward by a month.

Oct 14th, 2004

The Roc Oil operated WA-327-P joint venture plans to drill the Flying Foam prospect as part of a multi-well campaign in adjoining Offshore Perth basin permits WA-325-P and WA-327-P. Drilling is scheduled for January 2005, but could be moved forward by a month.

The first well to be drilled in the campaign will be Hadda-1 in WA-325-P, about 135 km northwest of Geraldton, 70 km off the coast of Western Australia. The prospect is a tilted fault block, defined by good quality 2003 3D seismic, with an estimated 65 MMbbl potential. The well will target the Dongara Sandstone, a prolific producing reservoir. Flying Foam has 20-30 MMbbl potential.

The JV also agreed to acquire an additional 120-km 2D seismic program (the Fiona seismic survey) to further detail the Blue Jacket prospect, which lies in the southeastern sector of WA-325-P (46 MMbbl). The survey will be acquired in the next few months.

Partners in WA-325-P and WA-327-P include operator Roc Oil with 37.5% interest, Bounty Oil & Gas NL with 10%, Apache Northwest Pty Ltd. with 37.5%, Voyager (PB) Ltd. with 10%, and Wandoo Petroleum Pty Ltd. with 5%

10/14/04

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