etherazer there are numerous incentives from Roc, which include...

etherazer
there are numerous incentives from Roc, which include reserves, production perfromance etc all of which have kickers. due to the confidential nature of these we are not able to provide an exact valuation but it was once described to me by the previous IR mamger as low risk medium reward. If one considers the investment and resources spent on this you would expect at least a 100 million reward for Roc. Once again one broker had atemted to covnvert this to a reserve value so they could mre effectviely value it and i recall it being in the vicinity of 8 million barrels which would be at least 160m on a 20 dollar NPV