Roc Oil Fails to Find Commercial Hydrocarbons at QK11-1-1 Well in Bohai Bay

Roc Oil (Bohai) Company, a wholly owned subsidiary of Australia-based 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 14,360 feet (4,377 meters) measured depth (MD) and 12,670 feet (3,862 meters) TVD at 01:00 hours Sept. 7.

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 percent of the drilling costs of this first exploration well under the terms of a farmout
agreement announced Aug. 14.

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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