"The FDP requires minimal further investment with all cost expected to be funded from cash flows. ROC as a shareholder of BCP receives cost recovery for past expenditure and this is currently anticipated to occur over the period 2H 2014 to end 2015. The bank funding in BCP of US$162 million will be repaid in full by the end of 2014."
US$162M bank funding
Say receives $100 per barrel (ignoring ongoing costs of production)
It would take 540 days producing at 3,000 bls per day # $100 per bb to generate revenue of US$162M?
???
Regards
SP
ROC Price at posting:
43.5¢ Sentiment: Hold Disclosure: Held
