ROC Oil Well Offshore Australia Off to Good Start

Roc Oil (WA) Pty Limited, a wholly owned subsidiary of ROC, advises that at 1830 hours (local time) on February 12, 2008, the Premium "WilCraft" jack-up drilling rig commenced drilling the Frankland-2 appraisal well in WA-286-P, in the North Perth Basin, offshore Western Australia.

As at 0600 hours (local time) on 13 February 2008 the current operation was running 20" casing to 119 mBRT.

Frankland-2, an appraisal well approximately one kilometer northeast of the 2007 Frankland-1 gas discovery, is the second of the planned two well exploration/appraisal program in the region. Frankland-2 is scheduled to reach a proposed total depth of 2,278 meters by the end of February 2008.

Participating Interests in the WA-286-P joint venture are: Roc Oil (WA) Pty Limited, 37.5%; AWE Oil (Western Australia) Pty Ltd, 27.5%; ARC Energy (Offshore PB) Limited, 30.0%; CIECO Exploration and Production (Australia) Pty Ltd, 5.0%.

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