Basker-Manta-Gummy (BMG): 2009 Drilling Programme


 

TIDMROC 
 
RNS Number : 9412T 
Roc Oil Company Limited 
16 June 2009 
 

 
 
16 June 2009 
 
 
 
 
ROC OIL COMPANY LIMITED ("ROC") 
 
 
STOCK EXCHANGE RELEASE 
 
BASKER-MANTA-GUMMY ("BMG"): 2009 DRILLING PROGRAMME 
 
 
 
 
Anzon Australia Pty Limited ("AZA"), a wholly owned subsidiary of ROC, advises 
that the Ocean Patriot rig has commenced the 2009 drilling programme for the BMG 
Project. 
 
 
Drilling operations on the Basker-5 ("B5") well workover began on 15 June. The 
B5 workover is planned to isolate water production from several reservoir zones 
and to improve BMG production capacity by approximately 800 BOPD (AZA: 240 
BOPD). 
 
 
The Basker-3 ("B3") workover will follow the B5 workover. The B3 workover is 
planned as a multi-zone well recompletion and is targeted at improving BMG 
production capacity by approximately 2,000 BOPD (AZA: 600 BOPD). 
 
 
The BMG Joint Venture is also planning to drill the Basker-7 ("B7") development 
well following the completion of the B3 workover. B7 is an oil development well 
designed to selectively produce from a number of stacked intra-Latrobe 
reservoirs in the Basker field. B7 will also have considerable gas management 
utility, including production and reinjection capabilities. Oil production 
capacity from B7 is anticipated to be approximately 3,000 BOPD (AZA: 900 BOPD). 
 
 
Subject to the satisfaction of conditions precedent including applicable 
regulatory approvals relating to the proposed sale by AZA of a 10% interest in 
BMG to Pertamina, participating interests in the BMG Joint Venture are: 
 
 
Anzon Australia Pty Limited (Operator)....................................30% 
Beach Petroleum 
Limited...............................................................30% 
CIECO Exploration and Production (Australia) Pty Ltd..................20% 
Sojitz Energy Australia Pty 
Ltd.......................................................10% 
PT Pertamina Hulu 
Energi..............................................................10% 
 
 
Commenting on the 2009 BMG drilling programme, ROC's Chief Executive Officer, 
Bruce Clement, stated: 
 
 
"Commencement of the 2009 BMG drilling programme is an important step in the BMG 
project. The B3 and B5 workovers and the new B7 well are targeted at further 
developing and exploiting the project's oil reserves by providing an immediate 
increase in oil production and improved flexibility in reservoir management. 
 
 
Importantly, the workovers and the B7 well will provide additional valuable 
reservoir and production data for the planning of future development activities 
for both the current Phase 1 Oil Project and the future Phase 2 Gas Project." 
 
 
 
 
Matthew Gerber 
Manager 
Investor Relations & External Affairs 
 
 
For further information please contact: 
Mr Bruce Clement on 
Tel: +61-2-8023-2000 
Fax: +61-2-8023-2222 
Email: bclement@rocoil.com.au 
Or visit ROC's website: www.rocoil.com.au 
 
Michael Shaw 
Oriel Securities Limited (Nominated Adviser) 
Tel: +44 (0)20 7710 7600 
 
 
Bobby Morse 
Buchanan Communications 
Tel: + 44 (0)20 7466 5000 
Fax: + 44 (0)20 7466 5001 
E-Mail: bobbym@buchanan.uk.com 
Mob: +44 (0)7802 875 227 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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