possible explanation for sp

http://www.lse.co.uk/FinanceNews.asp?shareprice=&ArticleRef=34480&ArticleHeadline=Roc_Oil_drops_Frankland1_well_drilling_due_to_bad_weather_rig_expiry

Monday, 14th August 2006 07:44

Roc Oil drops Frankland-1 well drilling due to bad weather, rig expiry

LONDON (AFX) - Roc Oil Co Ltd said it failed to start drilling the Frankland-1 exploration well in Australia due to bad weather and the expiry of a rig contract.

The rig was relocated to the site -- which is located on the Perth Basin in offshore western Australia -- on Aug 11.

'Due to adverse weather conditions it was not possible to commence drilling the Frankland-1 exploration well prior to the expiry of the drilling rig contract,' Roc said in a drilling update.

As a result, the rig was released and the offshore Perth Basin development and exploration drilling programme was concluded, it said.

Roc was the operator of the project with a 37.5 pct stake. Its partners include ARC Ltd, AWE Oil Pty Ltd, Wandoo Petroleum Pty Ltd and CIECO Exploration & Production Pty Ltd.