.
Takeover target Roc Oil Company Limited (ASX:ROC) has shrugged off media speculation concerning a potential class action relating to the downgrade of reserves in 2010.The oil and gas producer denies having been contacted by law firm Slater & Gordon Limited (ASX:SGH) regarding any action or that it has received a claim.Roc Oil says it considers the allegations by Slater & Gordon to solicit support at this time as speculative and opportunistic.The company has affirmed its compliance with disclosure obligations relating to the Victorian oil and gas asst and rejects any claim it should have known about the downgrade earlier.Roc Oil has vowed to vigorously defend its position and says it does not consider this matter to be material to its $474 million cash takeover by China's Fosun International, which was launched in August.Roc Oil reported a net profit of $57.1 million in the first half of the 2014 calendar year.
