Jacala-1 Looks to be a Dry Hole

ROC Oil reports that the Atwood Eagle has drilled the BHP Billiton-operated Jacala-1 exploration wildcat well, to a total depth of 2,217 meters below rotary table. Current operation is pulling out of the hole prior to formation evaluation.

Until the formation evaluation program is completed and the log data analyzed, it is not possible to be definitive about the results of the well. However, at this stage obvious hydrocarbon shows have not been observed in the well. The logging program is expected to be completed by the end of this week after which a further announcement will be made.

Jacala-1 is located in about 1,060 meters of water approximately 200 km west of Barrow Island and 100 km northwest of the Enfield Oil and Gas Field.

The WA-351-P Joint Venture partners are BHP as operator with 55%; Tap with 25% and Roc Oil with 20%.

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