So, if you are right Auto, a combined ROC/HZN would be in the black (assuming HZN get the rest of what they are owed), have net production of over 20,000bopd equivalent (close to 6-7mmboe a year) and reserves of 2P of over 40mmboe with much larger contingent resources all with an market cap of around $800 million.
If for example, the possible merged entity were based in the Cooper Basin, they would be valued at just under $2 Billion (I agree, a very uneven example, but just trying to put some perspective on it)
I would be happy to own shares in it.
ROC Price at posting:
45.5¢ Sentiment: LT Buy Disclosure: Held
