Chevron is the operator of the WA-374-P permit area where the latest discovery was made.Chevron said results from the Satyr-1 well, drilled in a water depth of more than 1,000 meters, indicated approximately 130 meters of net gas pay.
Note that WA-351-P is very close to the above big find. Just reinforces the potential in Roc's 20% interest in this permit area. Combine China and Carnarvon Basin interests and 2010 is shaping up as a big year for Roc.
ROC Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held
