Preliminary Results from Chinguetti 4-5 Well as Expected

Roc Oil says that wireline logging, at a total depth of 2,605 meters, of the Chinguetti 4-5 appraisal/early development well has essentially confirmed the pre-drill expectation for this well in terms of the thickness, quality and hydrocarbon content of the reservoir. As a result, the Joint Venture plans to conduct a production test.

In this well the reservoir sands appear to be of generally good to excellent quality with a gross oil column in the order of at least 50 meters and a net to gross ratio in excess of 50%.

The Joint Venture is comprised of Woodside as operator with 35%; Agip with 25%; Hardman Resources with 21.6%; Fusion Oil with 6% and Roc Oil with the remaining 2.4%.