"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."
ROC Price at posting:
38.5¢ Sentiment: None Disclosure: Held
