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huntleys ceasing coverage, page-8

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    Huntleys have released their final review of ROC

    "How could reserves evaporate just one year following the Anzon acquisition that delivered ROC a then 40% stake in the Basker-Manta-Gummy (BMG) fields in Bass Strait? The answer lies in the definition of a reserve. A reserve is that portion of a resource that is economically extractable. The oil at BMG hasn't necessarily disappeared, it's just that economic extraction is now in serious doubt."
 
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