re: finding a bit of support, page-14

re: roc : buy P/e estimate of 6.7 what can one say.

The Wie result which seems to be rumoured at about 80mmboe declared recoverable from current drilling with more to come later. Then ice off with Angola. ROC will continue to outperform no questions.

BTW - 80 million. Net after CNOOC buy in is 20% to ROC. I think this makes approx 16 million barrels. In situ current NPV for this oil is about AUD 18 barrel. Net value to ROC = 288m or nearly approx 70c share. The whole permit is thought hold 200 - 300m so will be interesting days ahead.

good luck to holders.