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• ROC is a growing Australian listed mid-cap oil and gas explorer and producer
• Operated 23,000 bopd gross production in 2012 (6,445 bopd net to ROC)
• ROC seeks to add new opportunities across SE Asia & China
• ROC has a strong balance sheet with debt financing which provides significant

financial and operational flexibility

• ROC believes Myanmar onshore and offshore basins have the potential for

significant discoveries & transformational growth

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established hydrocarbon provinces

• leverage ROC’s marginal/mature field operations

skills

• established infrastructure and markets

competitive cost structure competitive cost structure

• continental shelf or onshore
• near field tie in and accelerated production potential
• established and competitive oil field services

significant exploration potential

• high quality hydrocarbon basins
• commercial environment encouraging new

exploration

• time lines from discovery to production attractive

non-operated production assets in North Sea, UK (Blane and Enoch fields)

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• Pre-development appraisal drilling programme continues through 1Q13 for

Balai Cluster (Malaysia) following successful Bentara & Balai wells

• Completion of a three well exploration programme in Beibu resulting in three

discoveries and expected incremental reserves addition

• Ongoing Development drilling at Zhao Dong
• Ongoing Development drilling at Zhao Dong
• Full year production of 6,445 BOEPD - in line with 2012 production guidance
• 2012 revenue of US$242.1 million
• Development drilling programme commenced in Beibu Gulf (offshore China)

with first oil expected during 1Q13

• 2012 net cash of $56.8 million at year end and an undrawn debt facility of

US$91 million

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• ROC has a track record of performing ahead of industry averages measuring safety

performance and we will continue to pursue the highest standards

• Operations in China and at our BMG asset achieved two years without a lost time

injury in December 2012.

• ROC utilises an expectation-based HSE Management System throughout its business
• An Asset Integrity Management System (AIMS) is implemented by all ROC operated

assets

• Lost Time Injury Frequency Rate per million manhours worked was 0.59 in 2012, 0.0 in

2011, 1.5 in 2010 and 0.4 in 2009. These compare well with industry 5-year averages.

• Environment - ROC is committed to protecting the environment in which we operate

and taking the appropriate steps to manage, eliminate or minimize our impact. ROC has had no significant environment incidents over the past two years of operation.

• APPEA Safety Innovation Award winner in 2010

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• Our long-term success depends on our ability to build strong relationships and work collaboratively

and transparently with our stakeholders – especially the communities in which we operate.

Respect for the natural environment

• Engage with communities at all stages of projects
• Support for local communities with underlying focus
• n educational partnerships
• Seek to provide work experiences and employment

Stakeholder value

A trusted neighbour in the community A reliable and responsible

• perator

A safe and healthy place to work

• Seek to provide work experiences and employment
• pportunities where possible

ROC’s Sustainable Practices Framework

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• 11,000 line km operated 2D seismic
• 4,200km2 operated 3D seismic
• 176 wells - 30 exploration, 25 appraisal & 121 development wells
• 10 discoveries

Country

Water Depth Operated Seismic Acquired Number of operated wells drilled (m) km 2D km2 3D Exploration Appraisal Development Total (m) km 2D km 3D Exploration Appraisal Development Total

Senegal Offshore 1,523

• Morocco

Offshore 1,448

• Equatorial Guinea Offshore

1,500

• 1,403

1

• 1

Angola Onshore

• 722

618 7 3

• 10

UK Onshore

• 200

490 3 4 1 8 Mongolia Onshore

• 2,475
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3

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China Offshore 5 to 40

• 460

6 7 111 124 Malaysia Offshore 60

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Australia Offshore 5 to 200 5,233 1,235 11 6 9 26 New Zealand Onshore

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• TOTAL

11,601 4,241 30 25 121 176

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ROC successfully operated the Cabinda South onshore PSC from 2004 – 2008; the first onshore exploration campaign in Angola for more than 30 years

• 722 km’s of 2D seismic
• 618 km2 of 3D seismic
• 4,600 km aeromagnetic survey

High risk HSE

• Land mines and UXO (unexploded ordnance)
• Serious disease
• Local facilities for accident trauma
• Airplane safety/reliability
• One LTI in over four years of continuous operations
• 10 exploration/appraisal wells

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regional focus in areas with world class proven basin potential attractive appraisal and development portfolio profitable and diverse oil producing assets delivering low risk revenue and free cash flow and free cash flow significant near field and transformational exploration potential within current portfolio and business development initiatives established partnerships and good working relationships with NOC partners management team with track record of delivery

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Oil Prospective Resource 100mmbbls to 1.6 Billion bbls risked Gas Prospective Resource 4 to 45 tcf risked Oil Prospective Resource 100mmbbls to 1.6 Billion bbls risked Gas Prospective Resource 4 to 45 tcf risked

• A world class petroleum province
• Multiple and extensive working petroleum systems
• A good fit with ROC’s distinct capabilities

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• 1. Fundamental geology favour hydrocarbons
• 2. Underexplored
• 3. Little exploration outside main core O&G

areas (Central Burma basin)

• 4. Opportunity for significant application of

seismic & well technology

• 5. Significant potential for offshore and onshore
• 5. Significant potential for offshore and onshore

plays

Exploration, appraisal, re-development and development opportunities in Myanmar align with ROC’s distinct competitive advantages.

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• evidence of a working petroleum system
• evidence of a working petroleum system

across target basins

• ability to leverage appropriate technology
• range of opportunity set from field re-

development to near field exploration

• geological play ‘running room’ & repeatability
• materiality

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• 13 years of operational experience
• ~23,000 BOPD ROC-operated production in China and

Australia

• development and appraisal in China, Malaysia and

Australia

• exploration experience in China, Australia, NZ and
• exploration experience in China, Australia, NZ and

Africa

respected technical capabilities

• full asset-cycle operator and extensive explorer
• integrated upstream service provider
• sustainability – asset integrity management
• strong focus on HSE

established industry relationships

• with national oil companies such as PetroChina,

CNOOC and PETRONAS

• industry partners including Dialog (Malaysia), AWE,

Beach Energy, Itochu, Sojitz and Horizon Oil

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2012 2013 2014 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Exploration activity Three Beibu wells Block H Well1 (EG) Bohai Bay 09/05 seismic Bohai Bay 09/052 Appraisal activity Balai Cluster pre development activity 1. Well timing is subject to rig availability; White Rose has an option to acquire ROC’s interest in Block H for US$16.1m prior to spud of any well 2. Timing of exploration drilling subject to seismic 3. Dependent on declaration of project viability for Balai Cluster fields following pre-development phase 4. Work programme chart does not include base production activity from China/ Australia/UK Zhao Dong (Zhanghai Block) Development activity Balai Cluster development activity Blane (UK) Beibu Gulf development activity Zhao Dong development drilling programme Production milestones Beibu Gulf production online Balai Cluster oil production3

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Balai Cluster Risk Service Contract,

• ffshore Sarawak, Malaysia (ROC: 48%)
• BCP commenced multi-well pre

development drilling programme 11 September 2012 – 13 months from signing Risk Service Contract

• Bentara-2 appraisal well confirmed in

excess of 100m hydrocarbon pay

• Bentara flow rate 1685-2275 bopd of

30API oil

• Balai-2 well completed drilling and

successfully appraised the Balai structure & encountered 87m hydrocarbon pay

• Currently drilling Spaoh-2 appraisal well
• Under Risk Service Contract on successful

completion of pre-development and confirmation of economic viability, the project will progress to the development phase

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Location: Offshore Bohai Bay, China Working Interest:

• C&D (+ERA) 24.5%
• Zhanghai & Chenghai Blocks 39.2%
• C4 Field 11.575% (unitised)

Operator: ROC Development:

• 4 linked platforms
• Two for drilling & accommodation
• Two for production & processing
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2P Reserves: C&D (+ERA): 22.0 MMBOE C4 Field: 4.3 MMBOE (as at 31 December 2011) 5.9 MMBOE net to ROC 39% of 2P Reserves Year End Reserves Report in preparation Production: 2012 production of 20,213 BOPD 4,352 BOPD net to ROC 68% of total ROC production Activity: Drilling programme of 16 production wells were drilled or recompleted during 2012

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Block 09/05 (Bohai Bay, off-shore China)

• ROC awarded 100% of the Bohai 09/05 Block in May

2012

• Material progress in building a low risk/high potential

regional exploration portfolio; farm-out process underway

• Located 15km north from ROC’s Zhao Dong blocks
• Located 15km north from ROC’s Zhao Dong blocks
• 335 sqkm block located in China’s most prolific
• ffshore oil basin, Bohai Bay
• Initial three year exploration period includes the

acquisition of 150sqkm of 3D seismic and two exploration wells

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Development: WZ 6-12 and WZ 12-8 West Oil Field Development (ROC: 19.6%)

• development of field is underway with facilities progressing on

schedule (89% complete at 21 November 2012)

• first oil production target Q1 2013
• development drilling programme commenced 4Q 2012
• development drilling programme commenced 4Q 2012
• ramp-up to plateau production during first half 2013

Exploration and appraisal: WZ 6-12 and WZ 12-8 West Oil Field Development, Beibu Gulf, Offshore China (ROC: 40% & Operator)

• Successful exploration drilling of three near-field

exploration/appraisal wells complete

• potential to add incremental reserves to development
• with commercial success the wells can be included as additional

production wells delivering early reserve upside for the Beibu Gulf project

Beibu exploration and development area PUQB installation

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Mr Alan Linn Executive Director & CEO Mr Rolf Stork COO CEO BCP Malaysia Mr Anthony Neilson CFO Mr Ron Morris President Roc Oil (Bohai) Ms Leanne Nolan Company Secretary & General Counsel Dr Pierre Eliet GM – Exploration, Geoscience & Bus Dev. Appointed Feb 2011; a chartered chemical engineer with 30 years

• f international
• perational &

management experience in upstream and downstream oil

• sectors. Worked with

EXXON/Mobil in both downstream and upstream assignments in the UK and USA; LASMO, Cairn Energy and Tullow. Joined 2011; also CEO of BC Petroleum in Malaysia, (ROC 48% shareholder; 30 years in the upstream oil and gas industry including exploration, development and production, both

• ffshore and onshore;

experience in South East Asia, the subcontinent, UK and North America. 17 years with Origin Energy; seven years with Cairn in India as Director of Operations. Appointed President, Roc Oil (Bohai) Company 2009; 30 years experience as a Petroleum Engineer with Chevon Texaco and OriOx Energy Associates Ltd. Worked in remote areas of Angola, China, Myanmar and Colombia as well as North Sea European and North American locations; extensive

• perational experience,

both with new developments and existing fields. Appointed CFO in 2007; 20 years experience in accounting and finance, including ten years in the upstream and downstream oil and gas industry. Held senior finance management roles in Caltex Australia, as well as working in banking for Credit Suisse First Boston and as a chartered accountant with Arthur Andersen. Joined ROC in 1998; previously Corporate Counsel at Ampolex Limited, an upstream oil and gas company, since 1993 and prior to that was employed as a solicitor with Freehills for four years. Joined Sept 2012; experience with Total and Cairn Energy PLC across North Sea, South Asia, Atlantic margin, Greenland, Mediterranean assets; associated with the Cairn deepwater Khrishna Godavari discoveries in Eastern India, the Cairn India Sri Lankan gas discoveries and the Rajasthan flagship Cairn discoveries of Mangala, Aishwaryia and Bhagyam.

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• Dedication to HSE and Asset Integrity Management
• Continued reserve replacement and resource growth
• Optimise production performance of existing assets
• Secure additional acreage in SE Asia and China
• Leverage proven capabilities and existing relationships to secure new

assets within focus regions

• Continued cost and operational discipline to drive further value from the

existing business

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%.-.A

• Dr. Pierre Eliet

GM Exploration, Geoscience & Business Development David Slack-Smith General Manager - Investor Relations & Corporate Affairs +61 2 8023 2096 dssmith@rocoil.com.au dssmith@rocoil.com.au

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The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions investors should rely on their own examination of ROC and consult with their own legal, tax, business and/or financial advisers in connection with any acquisition of securities. The information contained in this presentation has been prepared in good faith by ROC. However, no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, ROC, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted from this presentation. Certain information in this presentation refers to the intentions of ROC, but these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause ROC's actual results, performance or achievements to differ from those referred to in this presentation. Accordingly, ROC, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in this presentation will actually occur as contemplated. The reserve and resource information contained in this presentation is based on information compiled by Bill Billingsley (Chief Reservoir Engineer). Mr Billingsley BSc (Chem) MSc (Petroleum Engineering) DIC (Imperial College), who is a member of the Society of Petroleum Engineers, has more than 16 years’ relevant experience within the industry and consents to the information in the form and context in which it appears.