?against the trend, page-4

This is very unusual caution from ROC's announcement at the commencement of drilling of Vindara. Makes you wonder why they are drilling it at all and if the money would be better spent on CH.

But anything can happen in this business.

Regards M.


Commenting on Vindara-1, ROC's Chief Executive Officer, Dr John
Doran, stated that:

"The fact that Vindara-1 was not included in the original minimum
three well drilling programme can be taken as evidence that the
prospect is generally regarded as being riskier than the other two
exploration wells in that programme: Twin Lions-1 and Mentelle-1.
However, the fact that both Vindara-1 and Cliff Head-4 have been
added to the current drilling programme highlights the fact that
there is an increased level of confidence that the Cliff Head Oil
Field is a strong candidate for development following the encouraging
results from the production test at CH-3-ch 1."