"The reserves arent ROCs, roc gets a fee to develop and operate. The fee is scalable based on reserves, poduction and oil price. Th benefot is if the prpject doenst get go ahead Roc gets it money back. If it does, Rocs gets a biggish cut from production for many years. The project is low risk medium reward. You are correct value ascribes zero value, but like the market normally does it will likley rerate when an FID is reached whcih should be within months. Until then we can only assess progress and results and they have been very good "
Auto this post above by you 9412344, whilst it's your usual hurried jumble of typos, it is by far the most informative and important post on this thread to any potential or existing ROC shareholders especially if they are unaware of the financial structure of the Balai Cluster Project which I suspect many are or rather were.
This stock thread needed someone like you to explain the Balai contract details simply, so I gave you a rare thumbs up, only to find you were in the negative so it did not register, go figure!
As for the more recent posts I just skip over the drama queen posts as I suspect most investors do and ignore the dominant-male posturing as it does not affect my bottom line.
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