The "Gross profit margin per BOE" table here at page 17, http://rocoil.com.au/Investor--Media-Centre/Reports/Online-Reports/2.-Operational-review.pdf, highlights very well how also a good junior oil company like ROC was would be in deep troubles at current oil prices. I think, Ptolemic, you may agree with me about the fact that, alongside a crucial hedging strategy, HZN has also got two damn good producing oil fields such Beibu (27%) and Maari (10%) in its portfolio....
Low oil price good for HZN?, page-11
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