Woodside Spuds Zoule-1 Exploration Well

The Stena Tay has commenced drilling the Zoulé-1 exploration well. Currently, the well has drilled 18-1/2 inch hole to 1,619 meters where casing is being run and cemented.

Zoulé-1, which is targeting Cretaceous channel sands, is located in 782 meters of water and has a proposed Total Depth of 3,730 meters. The well is approximately 78 kilometers from shore, 130 kilometers north of the Chinguetti Oil Field and 27 kilometers southeast of Pelican-1, a Cretaceous gas discovery drilled in Block 7 in late 2003 in which ROC has a 4.950% interest.

The Joint Venture Interests in Block 1 are Woodside Mauritania Pty Ltd as operator with 37.578%; Petronas Carigali Overseas Sdn Bhd with 35.000%; Hardman Petroleum ( Mauritania ) Pty Ltd with 18.422%; Planet Oil ( Mauritania ) Limited with 4.000% and Roc Oil (Mauritania) Company with the remaining 5.0%.

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