why did i buy back in

Hi folks
Given i ama back in with a meaningful position i thought i would post the follwing thoughts i why i bought.

I expect prod this quarter to Generate 80 million in revenue AUD.
This is becuase reading the previous quarterly average pod rates and adding in incrased projected likely to exceed 8000 bopd

last quarter total prod averaged 7215 with Beibu contributing 2125. They exited the quarter with Beibu producing 15000 or 2940 net to Roc, or 815 more barrles per day than last quarter

Also Zhao Dong prod also likely to be higher due to increased drilling and Blane back on line from Sept 29 so there should be another couple of hundred barrels per day extra for ROC

Therefore prod likely to be 8000-8250 imo.
With falling Aud that would be USD revenue at around 73-74 million and aud somehwere around 80 million for the quarter

As Beibu drilling is now complete and Zhao dong development drilling now less i would expect cash to be circa 60-65 million USD at end of December

so with Balai investment now over 56 million USD and cash 44 million USD ( 112 aud in cashj and investments ) I figures the 290 m market cap is very cheap and has plenty of room for safety even if oil was to fall next year