Carnarvon Petroleum Limited (Carnarvon) provided the following update on drilling operations as advised by the operator of the Roc-1 well in permit WA-437-P offshore Western Australia, Quadrant Energy. Progress

Since the last report the 17.5 inch (445 millimeter) hole has been drilled down to 4,400 feet (1,341 meters) and 13.375 inch (340 millimeter) casing has been set and cemented to this point. Current Operations

As at 06:00 hours Dec. 2 the well was drilling ahead in the 12.25 inch (311 millimeter) intermediate hole section at a depth of 4,675 feet (1,425 meters).

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