Lol roger - it did it twice , the second time when the market fell and everyone cap or small cap oil company did they some thing
How quick we forget the fundamentals - for those that care about buying business vs reading charts here are a few points
35 million in cash
another 33.2 million of their own funds invested in Balai cluster development
3 wells drilled in Beibu exploration development program, 3 successes. commenary on well one was the well will add materially to reserves and economics of Beibu, then add another 2 wells
net cash maintaned in a very active capex / developmnet year
2013 production to spike
cash flow to spike
Balai cluster well 1 exceeds expectations which increases chance of FID. more reserves and more production equal higher return on inv for roc
so in summary we have cash and investments circa 70 million
reserves circa 15 million all oil
a free carry well next year
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