Rodinia Oil Corp. provides drilling update on its "Mulyawara 1" well, Officer Basin, South Australia

CALGARY, Aug. 4, 2011 /CNW/ -- 

CALGARY, Aug. 4, 2011 /CNW/ - (TSX-V: ROZ) - Rodinia Oil Corp. ("Rodinia") is pleased to announce that it is
 preparing to run the second intermediate casing string prior to
 drilling ahead into prospective formations at "Mulyawara 1", in the
 Officer Basin of South Australia.


Rodinia began drilling Mulyawara 1 on the morning of Thursday June 9,
 2011 (Australian Central Standard Time) and reached the first
 intermediate casing point of 1,525 meters on August 1, 2011. The casing
 shoe is being set above the projected depth of the first series of
 evaporite (salt) seals.


To date drilling has been slower than anticipated due to mechanical
 issues on the rig, drilling in harder rock than predicted and extremely
 high rate water inflows from upper zones, which forced drilling
 operations to switch from the faster air hammer drilling to the slower
 underbalanced water rotary drilling.


Mulyawara 1 has confirmed the existence of excellent reservoir quality
 rocks in the Neoproterozoic with the Eidacaran Age Murnaroo Formation
 having an average log porosity of 18% (commonly up to 23%) and flowing
 water at rates between 600 and 900 Bbl per hour during air drilling
 operations. The well has also encountered small gas peaks and traces of
 hydrocarbon fluorescence exhibiting blooming cut over discrete
 intervals within the undifferentiated Upper Cryogenian.


Although these findings are encouraging and reduce the risks associated
 with source, migration and reservoir, this exploration well is still a
 high-risk venture and yet to be proven. The primary objectives of the
 well are yet to be intersected and lie below the prospective regional
 salt seals.


Rodinia has an 80% working interest in this well and prospect and is the
 operator.


Mulyawara 1 is located in the northwest corner of PEL 253 in the Officer Basin, South Australia on a structure of approximately 36.3 square kilometres
 (per horizon) in size as identified on seven separate 2-D seismic
 lines.


As Mulyawara-1 is entering the prospective target formations, management
 of Rodinia will continue to impose an operational trading blackout on
 all officers, employees, directors and consultants until the results of
 the exploration well are made public.


Rodinia expects to issue the next drilling update report once
 Mulyawara-1 has reached total depth, unless a material event occurs in
 the interim.


About Rodinia Oil Corp.


Rodinia is an international oil and gas exploration corporation.  The
 Common Shares and Warrants are listed for trading on the TSX Venture
 Exchange under the symbols "ROZ" and "ROZ.WT" respectively.  Rodinia is
 engaged in the exploration, acquisition and development of petroleum
 and natural gas assets in Australia's Officer Basin. Founded in 2006,
 Rodinia has access to large tracts of exploratory lands and is one of
 the first companies to undertake exploration in the Officer Basin.
 Rodinia has offices in Calgary, Alberta and Adelaide, South Australia.


Forward-Looking Statements 


This press release may contain forward-looking information that involves
 substantial known and unknown risks and uncertainties, most of which
 are beyond the control of Rodinia, including, without limitation,
 statements pertaining to Rodinia's drilling plans and operations.  All
 statements included herein, other than statements of historical fact,
 are forward-looking information and such information involves various
 risks and uncertainties.  There can be no assurance that such
 information will prove to be accurate, and actual results and future
 events could differ materially from those anticipated in such
 information.  A description of assumptions used to develop such
 forward-looking information and a description of risk factors that may
 cause actual results to differ materially from forward-looking
 information can be found in Rodinia's disclosure documents on the SEDAR
 website at www.sedar.com.  Any forward-looking statements are made as of the date of this
 release and, other than as required by applicable securities laws,
 Rodinia does not assume any obligation to update or revise them to
 reflect new events or circumstances.


Neither the TSX Venture Exchange nor its Regulation Services Provider
 (as that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release.


Image with caption: "MULYAWARA 1 OPERATIONS, OFFICER BASIN, SOUTH AUSTRALIA - JUNE 2011 (CNW Group/Rodinia Oil Corp.)". Image available at:  http://photos.newswire.ca/images/download/20110804_C9469_PHOTO_EN_1896.jpg
CALGARY, Aug. 4, 2011 /CNW/ -- 
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p Susan Showers, Manager, Investor Relations /p p Rodinia Oil Corp.br/ Suite 320, 715 5 Ave. SW, Calgary, Alberta, Canada T2P 2X6br/ Telephone: [phone]br/ Toll Free: [phone]br/ Fax: [phone] /p p Email: a href="mailto:[e-mail]"[e-mail]/abr/ Website: a href="http://www.rodiniaoil.com"www.rodiniaoil.com/a /p 
p Susan Showers, Manager, Investor Relations /p p Rodinia Oil Corp.br/ Suite 320, 715 5 Ave. SW, Calgary, Alberta, Canada T2P 2X6br/ Telephone: [phone]br/ Toll Free: [phone]br/ Fax: [phone] /p p Email: a href="mailto:[e-mail]"[e-mail]/abr/ Website: a href="http://www.rodiniaoil.com"www.rodiniaoil.com/a /p 

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