ROC rocketboots limited
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valuation upside , page-7

  1. raauul
    318 Posts.
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    05/02/13
    16:19
    Post #: 11380976
    As far as I am aware;

    The prior exploration costs are refunded by CNOOC from production till they are paid off under the JV agreement. So ROC (&HZN etc) effectively earn at the higher percentage until costs are recovered.

    I am not sure of the previous costs but at a rough guess it may take 3-6 months to repay?
    ROC Price at posting: 53.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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8.1¢ 		Change
0.001(1.25%) 		Mkt cap ! $13.87M
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