Aug. 2011 - Roc Oil has commenced production from the first appraisal well drilled in the new Zhanghai block. Specifically, the ZD CP2N-H1 appraisal well intersected 1,017 feet (310 meters) of horizontal reservoir section. The well was completed, and production commenced, through existing C4 facilities, at an initial rate of 3,546 bopd. Roc will now drill a second appraisal well during 2012. Additionally, PetroChina exercised its rights under the PSC to assist with a 51% interest in the blocks. The interests in the two, new additional, blocks are PetroChina 51%, Roc 39.2% and Sinochem 9.8%. The Zhao Dong Block is located in Bohai Bay, offshore China.

Jun. 2010 - The Zhao Dong Block's production rate is averaging more than 24,000 bopd and total year-to-date production for May 31 was approximately 2.5 MMbbl. Despite the production downtime caused by severe winter weather and sea-ice conditions in the Bohai Bay during 1Q10, production is still expected to meet the budget target of more than 7 MMBBL for the year. The 2010 development-drilling program has commenced, with six of the planned 24 wells completed and online, adding 5,000 bopd to the block's current production. Additionally, preparations are in place for the construction of the gas pipeline from Zhao Dong to shore. Commencement of gas sales from the block is planned for 4Q10. Roc Oil serves as the operator of the block, holding a 24.5% interest; PetroChina Company holds 51%; and New XCL-China holds the remaining 24.5% interest.

Apr. 2009 - Roc Oil commenced production from the first wells in the Zhao Dong Block, Bohai Bay, offshore China. Total gross production from the Zhao Dong Block is currently approximately 21,500 bopd. The C-51 well in the extended reach area of the C and D oil fields commenced production on March 20 and is currently producing at a rate of approximately 1,000 bopd. A second production well, C-52, commenced production on March 29 and is currently producing at just over 2,000 bopd. The third production well, D-43, was turned over to operations on April 3. Following completion of D-43, one further production well will be drilled and two well workovers are planned before the 2009 drilling operations are completed.