Roc remains very undervalued on a relative measure Market cap 300 Cash - post assets sold 50 million USD Reserves 15 million 2p oil reserves 70 percent of reserves producing Revenue circa 260-290 million
Coe Market cap 180 Cash 67 million Reserves 2.5 million All reserves producing Revenue circa 60-65 million
Dls Market cap 445 million Reserves 11.6 million ( 40 percent lower value gas with big infrastructure spend and pipeline still to be built) Most reserves not producing Cash 50 million Revenue 100-130 million
tap oil Market cap 205 million Cash 90 2p oil reserves of 6.1 million Gas contracts npv 60'million - Oil production negligible - only revenue from gas Above oil reserves to be developed - all cash to go in development plus some
Simple summary of core assets - point is if one looks at reserves, revenue and funding - it is clearly obvious that ROC is very undervalued
ROC Price at posting:
44.0¢ Sentiment: LT Buy Disclosure: Held
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