exploration update mauritania

Further to its Stock Exchange Release on 24 October 2006 regarding the Dana-operated Aigrette-1 exploration well in Block 7, ROC advises that the well has been drilled to a depth of 3,530 metres in 12¼ inch hole. As at 0600 hours (local time) on 30 October, preparations were underway to drill ahead in 12¼ inch hole with a new drill bit.
Aigrette-1 is located in a water depth of 1,358 metres approximately 43 km north- northwest of the 2003 Pelican-1 gas discovery and 193 km north-northwest of the Chinguetti Oil Field. The planned Total Depth is 4,925 metres.