ROC's Subsidiary Spuds Arroz-1 in Angola



Cabinda South Block, Onshore Angola (ROC: 60% & Operator)

Roc Oil (Cabinda) Company, a wholly owned subsidiary of ROC, has advised that the Arroz-1 exploration well commenced drilling on August 10, 2008. On August 11, 2008, the well was drilling ahead at 205mBRT.

Arroz-1, which is located in the east of the Block, is the final well in the current seven well exploration drilling program and, as with the previous three wells, will test a sub-salt prospect. The well is expected to be finished during September 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.

Participating Interests in the Cabinda South Block are:

  • Roc Group Companies………………………60%
  • Force Petroleum Limited……………………….20%
  • Sonangol P&P S.A…........................................20%

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