Roc Oil reaches new record production level of 14,100 barrels/day
LONDON (AFX) - Roc Oil Company Ltd said it has achieved a new company record after reporting net effective oil production has exceeded 14,000 barrels of oil per day.
This performance reflects production in Mauritania and record production levels in Australia and China, the company said.
Net production rate is calculated on a working interest basis and includes production from offshore China which relates to a recently announced acquisition expected to close during the next month or two with an effective date of July 1 2006.
ROC CEO John Doran said: 'This is one of ROC's shortest Stock Exchange releases, but it is also one of the most significant, particularly in view of the current oil price, and the fact that five months ago ROC's oil production was negligible.' [email protected] nes
ROC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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