I am a huge fan of ROC, would buy them for their exposure to Mauritania alone! I actually had a large holding in ROC for 6 months but sold out for a small loss because I got fed up with Woodside's games. I put the money from ROC into ARQ and recovered that loss and then some over the past 4 months, haven't looked back. I am still watching ROC it's close to the top of my watchlist, if ROC is still down in the doldrums following ARQ's drilling program, I'll move some money back into ROC and maybe HDR. However I don't expect ROC to stay this low for too long. I expect big things for ROC and its shareprice, my target has always been $2.50 by the end of this year.
This is however the VOY thread, a Cliffhead downgrade would hurt VOY more than anyone else IMHO. If I had the spare cash, VOY is what I'd be buying on any weakness tomorrow. VOY will be drilling some targets with ARQ as a result of the Denison seismic around April. With the North Perth Basin and 3D seismic success rates I like those odds.
