page 46 of the Annual Report shows ROC's Balance Sheet:
Current Assets: US$134.7M
Current Liabilities: US$137.1M
Included in the current liabilities are the US$80M of loan detailed above.
Given that ROC is cash flow positive at current and lower oil prices, ROC should have no trouble meeting the loans due this year. I suspect that even if they loose the OW Offshore case, they would already have generated a sufficient surplus this year to probably cover that also.
ROC has cut its exploration budget this year to US$10M.
Consequently, the only real question is how much additional surplus will ROC generate this year for development expenditure.
Regards
SP
page 46 of the Annual Report shows ROC's Balance Sheet:Current...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ROC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $12.52M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.5¢ | $299 | 2.391K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35000 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 57128 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ROC (ASX) Chart |