powering

Someone is confident - that was a burst near the close.

I think it might have to take back comments that Jacala wont move the sp to much - based on Announcement today posted below. 100meters over such a large area would indicate a many hundred million reseviour.

TAP up sharply as well at the close. Surely must to be too early in the drill for any shows ?

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ROC advises that the BHP Billiton-operated Jacala-1 wildcat exploration well in WA-351-P
commenced drilling on 23 March 2006. The current operation at 0600 hrs Western
Standard Time on 24 March 2006 is that the well has been drilled to a depth of 1,128
metres below rotary table and the 30 inch conductor is being installed.
The well is located in the deep water Carnarvon Basin, offshore Western Australia,
approximately 200 km west of Barrow Island and 100 km northwest of the Enfield Oil and
Gas Field.
The Atwood Eagle semi submersible rig is drilling the well in approximately 1,060 metres
of water to a proposed total depth of 2,322 metres. The well is expected to have reached
total depth and been logged in about 18 days.
As defined by 2D seismic, the Jacala-1 prospect is a very large, simple, 4-way dip closed
structure covering more than 300 sq km/70,000 acres with a vertical relief in excess of
100 metres/300 feet. The reservoir target is a sandstone sequence equivalent in age to
the Barrow Group which is well established as a productive reservoir elsewhere in the
Basin.
Commenting on Jacala-1, ROC’s Chief Executive Officer, Dr John Doran stated that:
“ROC shareholders are well aware of the high risk – high reward of Jacala-1.
If the well turns out to be a commercial discovery then ROC will be a very
different company. If the well is dry, the Company is well placed to manage
the financial consequences, particularly since the imminent start-up of
production at the Cliff Head Oil Field will provide ROC with a tax efficiency for
exploration offshore Australia, that it has not previously enjoyed.”
The WA-351-P Joint Venture comprises:
Equity
BHP Billiton Petroleum (North West Shelf) Pty Ltd 55.0% & Operator
Tap (Shelfal) Pty Ltd 25.0%
Roc Oil (WA) Pty Ltd 20.0%