Roc Oil Company Limited (ROC)
7 October 2014
ASX RELEASE
BEIBU GULF PROJECT - EXPLORATION DRILLING CONTINUES WITH 2ND WELL WZ12-10-2
Roc Oil (China) Company, a wholly owned subsidiary of Roc Oil Company Limited (ASX: ROC), advised today that drilling has commenced on the second of two exploration wells in Beibu Gulf Block 22/12. The second well, WZ12-10-2, is targeting the T42 and Weizhou formations, adjacent to the WZ12-8 West field in the WZ12-8 Development Area.
Drilling from jackup rig HYSY 935 commenced at 23:00 China Standard Time on 3 October 2014. Total depth planned for this vertical well is 1,600 metres MD/1416 metres TVD. The well is located 1.6 kilometres East Northeast from ROC's existing Beibu 12-8W facilities and is in water depth of approximately 36 metres.
WZ12-10-2
Proposed WZ12-8E PlatformWZ
T42
WZ12-8W PlatformWZ12-10-1/1Sa
Expanded New Development AreaParticipating interests in the Beibu Gulf Project are:
Exploration | Production and Development | |
CNOOC Limited | 0% | 51.0% |
Roc Oil (China) Company | 40% | 19.6% |
Horizon Oil (Beibu) Ltd and Petsec Petroleum LLC (wholly owned by Horizon Oil Limited) | 55% | 26.95% |
Oil Australia Pty Ltd (Majuko Corp) | 5% | 2.45% |
Executive Director
& Chief Executive Officer
For further information please contact:
Group Manager
Investor Relations & Corporate Affairs
Tel: +61-2-8023-2096
Email: rjacob@rocoil.com.au
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