Basker-Manta-Gummy ("BMG"): Asset Sale Completion


 

TIDMROC 
 
RNS Number : 6696X 
Roc Oil Company Limited 
19 August 2009 
 

 
 
 
 
19 August 2009 
 
 
 
 
ROC OIL COMPANY LIMITED ("ROC") 
STOCK EXCHANGE RELEASE 
 
 
 
 
BASKER-MANTA-GUMMY ("BMG"): ASSET SALE COMPLETION 
 
 
 
 
Following receipt of government and joint venture approvals and satisfaction of 
other conditions precedent, Anzon Australia Pty Limited, a wholly owned 
subsidiary of ROC, has completed the sale of a 10% participating interest in 
Production Licences VIC/L26, VIC/L27 and VIC/L28, offshore Victoria, which 
include the BMG project, to PT Pertamina Hulu Energi Australia Pty Limited, a 
subsidiary of the Indonesian National Oil Company. The effective date of the 
sale is 1 April 2009. Total cash consideration including working capital was 
US$31.5 million. 
 
 
BMG joint venture participating interests are now: 
 
 
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 Australia Pty Limited..................10% 
 
 
 
 
Matthew Gerber 
Manager 
Investor Relations & External Affairs 
 
 
 
 
For further information please contact: 
Mr Bruce Clement 
Chief Executive Officer 
Tel: +61-2-8023-2000 
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 
 
 
 
 
For the purposes of the AIM Rules for Companies for the four month period to 31 
December 2008, the interest being sold contributed to ROC a trading profit 
(excluding tax and impairment) of US$1.2 million. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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