predators step up to the plate, page-34

OPEC decided to keep output steady last night in Vienna.

Today, Santos fell 4.1% to A$15.16, Woodside Petroleum traded down 2.9% at A$36.69 and Origin Energy fell 2.6% at A$13.77.

NB. I agree, Huntley's reporting is looking very weak after really bungling some calls of late.

However, a call of possible admin? Current production exceeds 12,000 BOEPD and average operating cost is approximately $US15/BBL. Granted, the debt to equity ratio is an issue which has contributed to the demise in ROC's market valuation but their underlying business is very strong. They are in fact, IMO, reasonably healthy and the market has placed her in an oversold situation - they have a
sound operational and cashflow base, substantial 2P Reserves (24 MMBOE) and development potential from contingent resources (23.9 MMBOE). The Anzon acquisition has also contributed 7.7 MMBOE of 2P Reserves and 18.7 MMBOE of contingent resources.

Once the bot disappears their is a strong liklihood of a strong and flush upward momentum change on any whiff of increasing oil prices and/or corporate action.

I know some very clever people on this one - this little monkey being one of them. LOL