Auto and others, now that the Bentara Oil Field Development Plan has received Approval, will the 'market' start to give more credence to ROC's cash balance. i.e, by mid next year it will have at least $150 million in cash (assuming no major acquisitions occur)?
Hopefully ROC will be able to provide further details in regards to the rest of Balai cluster, and this statement is very interesting-
In the process, we have also identified additional potential within the cluster area and will be proposing further study and appraisal activity in support of the next stage of potential development from Bentara and associated fields.
ROC Price at posting:
43.5¢ Sentiment: LT Buy Disclosure: Held
