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 Platform

WZ

T42

WZ12-8W Platform

WZ12-10-1/1Sa

Expanded New Development Area

Participating 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%

Alan Linn

Executive Director
& Chief Executive Officer
For further information please contact:

Renee Jacob

Group Manager

Investor Relations & Corporate Affairs

Tel: +61-2-8023-2096

Email: rjacob@rocoil.com.au

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