Hi all I loaded up on Roc today at 45 43.5 and 43. Not many...

Hi all

I loaded up on Roc today at 45 43.5 and 43. Not many companies have these reserves and cash flow.

if we value each 2p reserve barrel at an NPV25$ then that 1.175 billion of value. even after you minus debt and add some for overheads the vlaue per share is much much higher than it is today.

They have hedging therefore should maintain their margins comfortably. Roc have said they will decrease seonding which they should with the low oil price. The company is being valued at 240 million approx.

Its in these paniced times when one should byy, always hard to do but should be done. I note that some HC posters/holders sold today. This gives one a sense of the panic.


Someone pointed out today that volume was less than 1% of issued capital so a fund manager that has 3% would own over 18 million shares.

Good luck to all holders and I will call that I epxect a bounce in the SP very soon. Many compnaies that hit a new low bounce 10-15% of that quick.