I love it SuchIsLife! Thank you. 9000 bbls/ day! cant wait. At the end of Q1, FY13 we had 6250bbls/day. That's a 2750 bbls/day (44%) increase in 6mths. Ambitious but would love to experience it.
Certainly 2nd half, as you say, a) Balai Cluster M'sia should be cranking up production b) hopefully Enoch (2010prod'n: 760 BOE/day) back on board.
What happened to Block H? Last I heard ROC was down around 20% stakehold and gradually divesting its holdings to focus efforts more in Asia. Are they still in it?
Hopefully progress will be made in Myanmar too this year.
Can I ask the reasons you think see Q2 production at almost 200kBOE (35%) above that of Q1?
Maybe i'm focusing too much on the fundamentals whereas in reality SP seems to use fundamentals as a spring board for shooting higher. I too believe, a company as dynamic and with as many irons in the fire as ROC, the SP has a good base & rosy future. Disclosure: trend traded twice with nice gains! Looking for an lower entry now. Maybe tomo will give it to me! : ) Good Luck to all.
ROC Price at posting:
52.5¢ Sentiment: LT Buy Disclosure: Not Held
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