Roc Starts Production on 4 New Wells

Roc Oil (Bohai) Company has reported that the initial phase of the 2008 development drilling program has been completed with four new wells drilled and completed and brought on production. In addition, two further workovers involving well recompletions have also been brought on production.

Together, the six wells are currently contributing approximately 7,500 bopd to total production of approximately 20,000 bopd from the C and D Oil Fields.
The 2008 drilling program in the C and D Oil Fields, the C4 Oil Field and the Extended Reach Area is planned to include up to twenty-four wells comprising a mix of oil producers and water injectors.
Roc Oil (Mauritania) Company advised that the Chinguetti C-19 development well was spudded on June 9, 2008.  
The C-19 development well is the first of two development wells to be drilled in the Chinguetti Oil Field during 2008.
Roc Oil (Cabinda) Company reported that the Sesamo-1 exploration well commenced drilling on June 22, 2008.
Sesamo-1, which is located in the east of the Block and twelve kilometers north of Cevada-1, is the sixth well in the current seven well exploration drilling program and like Coco-1 will test a sub-salt prospect. The well is expected to be finished during August 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 analyzed.

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