Cheers for your views Auto.
I suppose I was really wanting to better understand how ROC broker valuations only improved by a small margin considering the increase in production that ROC will announce in the future (i.e guidance will increase from 6500-7500 upto at least 12,000bopd. I realise as others have mentioned that ROC will not make a large return on the current production from the fields but still.
Anyway, I still wonder if ROC has any other deals like this in their forward planning, as there are a heck of a lot of other fields in Malaysia that could be developed.
You last point is the most important I think, and hence why as you have mentioned before, ROC downside is now strongly protected whilst its upside has simply increased even further.
Good luck to all longs.
Add to My Watchlist
What is My Watchlist?
