Drilling Update: Perth Basin

Roc Oil (WA) Pty Limited reports that the Premium Drilling's jackup Wilcraft has commenced drilling the Frankland-1 exploration well in WA-286-P in the Perth Basin about 25 kilometers north of the Cliff Head Oil Field, offshore Western Australia.

AWST surface casing had been set at 113.5 meters and the current operation was drilling ahead at 850 meters.

Frankland-1, the first of a planned three well exploration drilling program in the region, is scheduled to reach a Total Depth of 2,210 meters by next week.

Participating Interests in WA-286-P are:
Roc Oil (WA) Pty Ltd (Operator)........................37.5%
AWE Oil (Western Australia) Pty Ltd....................27.5%
Wandoo Petroleum Pty Ltd...............................24.0%
ARC (Offshore PB) Limited...............................6.0%
CIECO Exploration and Production (Australia) Pty Ltd....5.0%