frankland update

WA-286-P, Perth Basin, Offshore Western Australia

Roc Oil (WA) Pty Limited, a wholly owned subsidiary of ROC, advises that as at 0600 hours (local time) on 27 February 2008, the Premium "WilCraft" jack-up drilling rig had drilled the Frankland-2 appraisal well to a depth of 2,247 mBRT.
Frankland-2, an appraisal well approximately one kilometre northeast of the 2007 gas discovery, Frankland-1, is the second well exploration/appraisal programme in the region. Frankland-2 is scheduled to reach the proposed Total Depth of approximately 2,278 metres by the end of February 2008.
Following the drilling of Frankland-2, ROC and the Joint Venture plan to drill a Dunsborough-2 appraisal well which is targeted to appraise the Dunsborough oil discovery made in 2007.