It is worth noting block h prospect Is a 100 MBL plus target of which roc has a 20 percent free carried stake. Success would more than double reserves I love reading research reports and finding mistakes. BMG is valued at -3 c in GS 52 cent valuation. That equates to 20 million cost for Roc even though there is only 8.5 million to spend . Also no consideration it may be sold for circa 15 million so that would make a 26.5 million valuation difference or approx 4 cents per share
Futures Markets Up strongly and Brent above 200 ema, if it closes above we should see a further appreciation in Brent
ROC Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
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