Roc Oil Company, a wholly owned subsidiary of ROC, has advised that as at 0100 hours (local time) on 28 April 2008, the Banda NW ST-1 sidetrack well, had reached a Total Depth of 2,934 mBRT and wireline logs, including sampling and pressure measurement tools, were being run.
Preliminary logging results indicate that the well has encountered oil and gas columns with contacts similar to those seen in the discovery well, approximately 2 kilometres to the east.
The participating Interests in the PSC Area B Joint Venture are: PC Mauritania I Pty Ltd (operator) 53.846%, Tullow Oil plc 21.6%, Mauritania Holdings B.V. 11.63%, Premier Oil Mauritania B Limited 9.231% and ROC Group Companies 3.693%.
