Roc: Chinguetti-18 Meets Expectations

Roc Oil Co. Limited said Wednesday that, as of Jan. 14, the Woodside-operated Chinguetti-18 development well in PSC B offshore Mauritania has been drilled to a total depth of approximately 2,883 meters measured depth. The company added that completion is scheduled for mid-February.

Well results are in line with expectations, with an approximate 213 meter gross oil column (35 meters net) in true vertical depth (TVD) terms, in good quality reservoir sands which appear well placed to access pressure support from the Chinguetti-8 (sidetrack 1) water injection well.

Chinguetti-18 is located within the southern part of the Chinguetti Oil and Gas Field in a water depth of 819 meters, approximately 80 km southwest of the Mauritanian capital, Nouakchott.

ROC will issue a further announcement on completion of the Chinguetti-18 development well.

Participating interests are:

--Roc Oil group companies, 3.24984% equity
--Woodside group companies (Operator), 47.38448%
--Tullow group companies, 19.00800%
--Societe Mauritanienne des Hydrocarbures, 12.00000%
--BG group companies, 10.23440%
--Premier group companies, 8.12328%

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