ROC rocketboots limited

I was trolling through the annual figures today, and saw the...

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    I was trolling through the annual figures today, and saw the following breakdown of operating cash flow from the various assets:-

    1. BMG - sales $31m, costs $31m - net zero
    2. Cliff Head - sales $30.273m, costs $9.567m - net $20.706m !!!
    3. Blane - sales $30.74m, costs $3.4m - net $27.34m !!!
    4. Enoch - sales $16.29m, costs $1.602m - net $14.688m !!!
    5. Chinguetti - sales $6.254m, costs $3.226m - net $3.028m
    6. Zhao Dong - sales $90.243m, costs $15.616m - net $74.627m !!!

    These are all in US$ and they relate to Roc's share of each project.

    So, if you take out BMG, the apparent dud, we have Sales of $173.8m and costs of $33.411m, a net operating surplus from the 5 assets of $140.389m.

    The break up value of ROC, based on their assets, must be multiples of the current market value. Most of these producing wells are incredibly profitable.
 
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