Roc Oil Pty Limited advises that as at 0600 hours (local time) on 4 March 2008, the Premium "WilCraft" jack-up drilling rig had drilled the Frankland-2 appraisal well to a Total Depth of 2,330 metres.

The well intersected gas in the target sands confirming hydrocarbons in the eastern region of the Frankland Field. The top of the reservoir was encountereddeep to prognosis and the gas column was thicker than prognosed but the reservoir is of poorer quality than that encountered in Frankland-1, and theFrankland-2 well is being plugged and abandoned.

ROC and the Joint Venture will fully evaluate the data obtained from the well, and in conjunction with the results of the 3D seismic survey currently being processed, the field will be re-evaluated for possible further appraisal.

Frankland-2 is approximately one kilometre northeast of the 2007 Frankland-1 well gas discovery. Following the drilling of Frankland-2, ROC and the Joint Venture plan to drill the Dunsborough-2 well which will appraise the 2007 Dunsborough oil discovery.

Tags: ROC Oil