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There is some potential here; hopefully with some luck if there are some more discoversies in close proximity to these already known discoveries (i.e. side track wells), Roc and co ventures could make these commercial. Although they are small discoveries in relative terms, shows the potenial of offshore WA, in which Roc has a solid interest in.Commenting on the three well programme ROC’s Chief Executive Officer, John Doran stated that:“It is always nice to drill three offshore exploration wells and make three discoveries, particularly when that extends the known oil and gas fields some 200 kilometres along regional strike to the northwest of the Cliff Head Oil Field. However, at the end of the day we’re not looking to play with exploration success statistics but rather to clock up commercial success - and it will take some time to establish whether or not we have done that.Of the three discoveries, Frankland and Dunsborough look as if they have the best chance of being developed, while Perserverance will probably need a lot of good things to happen around it if is going to make the grade.Whatever the details, it would seem that an exploration programme that was regarded by ROC as the last throw of the dice in the northern offshore Perth Basin, has certainly provided enough success to cause us to move the discoveries on to the appraisal stage and continue to explore around and on trend from them.” (www.rocoil.com.au)
There is some potential here; hopefully with some luck if there are some more discoversies in close proximity to these already known discoveries (i.e. side track wells), Roc and co ventures could make these commercial. Although they are small discoveries in relative terms, shows the potenial of offshore WA, in which Roc has a solid interest in.
Commenting on the three well programme ROC’s Chief Executive Officer, John Doran stated that:
“It is always nice to drill three offshore exploration wells and make three discoveries, particularly when that extends the known oil and gas fields some 200 kilometres along regional strike to the northwest of the Cliff Head Oil Field. However, at the end of the day we’re not looking to play with exploration success statistics but rather to clock up commercial success - and it will take some time to establish whether or not we have done that.
Of the three discoveries, Frankland and Dunsborough look as if they have the best chance of being developed, while Perserverance will probably need a lot of good things to happen around it if is going to make the grade.
Whatever the details, it would seem that an exploration programme that was regarded by ROC as the last throw of the dice in the northern offshore Perth Basin, has certainly provided enough success to cause us to move the discoveries on to the appraisal stage and continue to explore around and on trend from them.” (www.rocoil.com.au)
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