Roc Oil Plans to Drill Totara Prospect South of McKee

Roc Oil plans to drill a well on its Totara prospect, between the McKee and Tariki fields onshore Taranaki, New Zealand, in November 2005.

Roc Oil holds a 40% interest, and is operator in PEP 38767; Westech Energy New Zealand and Bridge Petroleum each hold a 30% stake. The permit extends south of the McKee field and west of the Tariki and Ahuroa fields.

In announcing a six-country 30-well program, Roc Oil said that the Taranaki well followed the successful completion of the A$1 million Totara 3D seismic survey, which covered 35 sq km.

Last year, Roc Oil said that a review of mud log data from the Totara-1 well drilled in 1987 shows the well may contain 25 m of previously unrecognized net gas pay in a structure believed to have a potential of 50 to 100 billion cubic feet of recoverable gas.