Roc Oil (Cabinda) Company advises that the onshore Angolan Coco-1 exploration well commenced drilling on March 25, 2008. As of 6AM (local time) on April 1, 2008, the well had been drilled to the intermediate casing point at 635 mBRT.
Coco-1, which is on the Lele High approximately 1.4 kilometers north of Milho-1, is the fifth well in the current seven well exploration drilling program and is expected to be finished by the end of May 2008.
Consistent with ROC’s established practice regarding its Angolan drilling activity, the Company will only issue public statements at the beginning and end of each drilling operation after the relevant information has been collected and carefully analysed. Participating Interests in the Cabinda South Block Joint Venture are: Roc Group Companies (Operator), 60%; Force Petroleum Limited, 20%; Sonangol P&P S.A., 20%.
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