As we can see here, the company hasn't been great at keeping up with their timelines. Although there is a steady stream of progress at both Innamincka and Killanoola, the company should be additionally transparent about how goals are progressing and explain why timelines change. For instance, the initial timeline set for the full-scale development of Killanoola refers to a 3-6 well development (link), producing uapproximately 300 bopd per well. On paper, this is a fantastic proposition, as a 3-well operation selling at spot WTI prices would yield ~$US27 million in revenue per year. Yet little has been explained regarding why the timeline for this outcome has shifted so far.
ROG Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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