Hi Masterfoods, I think once the regulatory approval, ROG's SP...

Hi Masterfoods,

I think once the regulatory approval, ROG's SP will move, i think 1.5 cents, a lot is hang on this announcement, The Company has booked 3P reserves of 114 PJ at its project area, which places it amongst the leading independent Australian gas exploration and development companies, on a 3P basis.

Upon completion of drilling, a wellhead and flare will be installed and the well put on production. Site works are expected to take no more than 15 days. Upon securing regulatory approval, the Company will seek a suitable drilling rig to undertake the pilot.

This will defiantly re-rate ROG to a BUY situation

Cheers

CnG