Ann: Quarterly Activities Report, page-3

This company has a huge story coming shortly, with the market not recognising the values shown, i have topped up in the last week with a further 100k shares. I sit handsomely now and wait for the drilling to start shortly.

"A recent Independent Expert Report, commissioned by Roc Oil for the proposed merger of ROC Oil and Horizon Oil, indicated an unrisked value range of USD494million to USD607million for Horizon’s share of 1.024 Tcf of gas and 51mmbbls of liquids in PRL 21. This valuation implies an in-ground value for Kina’s 15% interest in PRL 21 in the range of c. USD250M to c. USD310M, or between $A 1.08/share and $A 1.37/share."