Current interpretation of the results of the drilling and wireline logging program suggest that:
The forward program at Massambala-1 is to plug the well back and sidetrack in order to core the shallow zone of interest referred to above. This operation is expected to be completed within two weeks.
After drilling operations at Massambala-1 are complete, the rig will move to drill Cevada-1 in the eastern part of the Block.
Consistent with the most recent schedule, the Simmons 80 Rig arrived in Cabinda in late July and is expected to start drilling Soja-1 prior to the end of August.
Commenting on the results of Massambala-1, ROCís CEO, Dr John Doran, stated that:
"Because we are at the beginning of a big drilling campaign, it is essential that we try to nail the exact nature of the shallow oil zone at Massambala-1 as soon as possible because if it proves to be producible, the upside potential is well worth chasing."
Participating Interests in the Cabinda South Block are:
ROC Group Companies (Operator) 60% Force Petroleum Limited 20% Sonangol P&P S.A. 20%
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