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clock Created with Sketch. 24/03/19
10:41
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Originally posted by watauga
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Hopefully Eic will take this opportunity to share some new information rather than same old slides to stimulate more interest in the company and awaken more long term holders from their slumber.
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ROC pre-paid $64m for half the oil already plus 50% ongoing operational costs plus 50% of U-W,U4ST1,U6H,U7H,U8H,U-N drilling costs and anything else drilled in the PLs plus 50% of any new infrastructure. And an additional $20m of the first $25m for exploration in the ELs+50% thereafter. Highly profitable whatever happens with the next 9m Ungani barrels whichever way you look at it.
