Apologies Auto, what I was trying to say in regards to the 67m USD is that while that is the amount they have put in, what value does the reserves, actual production and 'fees' have (I assume it is very hard to quantify right now, because production has not been underway, so no real data). I need to be more patient.
Very much understand that for now, the other 3 fields have 0 value.
Darn, I should have taken more time before posting, you are right, no wells are hitting the water level, its all about natural flow versus pumps. Very good point about it being ROCs lowest cost field, any improvement they make on it will be especially beneficial to their bottom line.
I will have to read up some more on the Bobai project. Other than HZN farming in, I know little else yet about its possible value to ROC. Although it was one of the reasons I like ROC over HZN. Always better to b the one being farmed into.
ROC Price at posting:
47.5¢ Sentiment: LT Buy Disclosure: Held
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