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17.8% 6.0¢ rocketboots limited

huntleys ceasing coverage, page-8

  1. jasonjeroo
    1,284 Posts.
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    10/02/10
    20:30
    Post #: 6314532
    Huntleys have released their final review of ROC

    "How could reserves evaporate just one year following the Anzon acquisition that delivered ROC a then 40% stake in the Basker-Manta-Gummy (BMG) fields in Bass Strait? The answer lies in the definition of a reserve. A reserve is that portion of a resource that is economically extractable. The oil at BMG hasn't necessarily disappeared, it's just that economic extraction is now in serious doubt."
    ROC Price at posting: 38.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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