flamant update

Further to its Stock Exchange Release on 5 September 2006, ROC advises the Dana-operated Flamant-1 exploration well in Block 8 has reached a depth of 2,035 metres Below Rotary Table (¡°mBRT¡±) and the 13¨ü inch casing has been run and set to a depth of 2,030 mBRT. As at 0600 hours (local time) on 11 September 2006, the current operation was preparing to drill ahead in 12¨ù inch hole to the planned Total Depth of approximately 3,370 mBRT.
Flamant-1 is located in a water depth of 1,414 metres approximately 340 km north-west of the Chinguetti Oil Field.
On completion of Flamant-1, the Atwood Hunter will drill a second Dana-operated exploration well, Aigrette-1 in Block 7, before returning the rig to Woodside.