Roc Oil to Abandon Mentelle-1

Roc Oil reports that the Mentelle-1 exploration well in WA-286-P offshore Australia in the Perth Basin will be plugged and abandoned. Wireline logging, conducted during the last two days, established that the oil shows recorded in the upper part of the main reservoir target are residual/immovable and, as such, they are of no commercial significance. The Ensco 53 jackup will move to drill the Vindara-1 exploration well on a prospect which straddles the boundary between WA-286-P and TP/15, approximately 6.5 kilometers to the southeast of the Cliff Head Oil Field.

Vindara-1 will be the fourth well in a multi-well drilling program being conducted on a back-to-back basis in WA-286-P and the adjacent TP/15. The WA-286-P Joint Venture has agreed to drill at least one further well after Vindara-1, Cliff Head-4, an appraisal well in the Cliff Head Field.

The WA-286-P Joint Venture partners are Roc Oil as operator with 30%; AWE Oil with 27.5%; Wandoo Petroleum with 25%; ARC Energy with 7.5%; Voyager Energy with 5%; and Westranch Holdings with 5%.