hmmm this is an interesting transaction?
its backdated 6 months and comes with a chq for production over that time?
well at least we are not the accrual operator of this one and but we own a controlling stake.
Latest figures indicate for the 3mths to Sept 2015
653 Tj Gas condensate produced
81 Bbls or Oil produced.
Estimate Reserved
1.6 (million) Bbls Oil
104 PJ Shale Gas
That a lotta cookies son!
Looks very promising, in theory we should be able to let ROC get on an produce oil & gas, the mystery company produce whatever there are going to produce over at PASE Block and TEG can start looking for another project.
ROC info on Cliff Head Project
http://www.rocoil.com.au/Assets/Australia/Cliff-Head/Cliff-Head-Oil-Field.aspx
AWE info on Cliff Head Project
http://www.awexplore.com/irm/content/cliff-head-oil-project.aspx?RID=401
hmmm this is an interesting transaction? its backdated 6 months...
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