looks like something, page-15

I also think ROC does not promote some of these prospects to its shareholders. The following is an extract from Horizon Oils share site on the China Prospect:


The Wei 6-12E-1 well is the second well to be drilled in a program which targets mapped prospects with aggregate potential in excess of 200 mmb oil-in-place. All prospects have been defined with 3D seismic. The third well will appraise the Wei 12-2-1 discovery in the southwest of the block which tested over 2,000 bopd oil from three separate sands in the Eocene Liushagang Formation. The location of the fourth well will be dependent on results of the first three and may have an appraisal / step out objective.


The overall objective of the exploration drilling program is to test the most prospective remaining structural and stratigraphic anomalies in Block 22/12 in order to establish and retain extended appraisal / development areas over discoveries prior to scheduled relinquishment of the residual exploration permit area in late- 2008.


Commercial discoveries which may result from the program are anticipated to represent high value satellite fields, complementing the 50 - 60 mmbo 2P reserves (200 mmb oil-in-place) already identified in four fields within Block 22/12, including the Wei 6-12 South and Wei 6-12 discoveries, which are now the subject of reserves certification and development approval processes. Good recent progress has been made on both these processes. The Block 22/12 development concept is to establish a facilities hub with off-take in the Wei 6-12 area and thereafter tie-in the previously discovered satellite fields to the south and, subject to the outcome of the current exploration program, new discoveries which should be developed at relatively low incremental cost.

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The feasibility study and Overall Development Plan for the Wei 12-8 West field was substantially completed in the first quarter of 2006, subject to resolution of several key remaining issues. It was decided that these would not be concluded until the outcome of the Wei 6-12S-1 exploration well and its impact on the overall development plans for Block 22/12 was known.


Regards

SP