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Roc-solid future ahead

ROC Oil has a reputation as a successful petroleum exploration company, but next year will see it become a serious producer with developments at four different fields coming onstream. The company generated a record market cap of A$520m during the September quarter and a recent UBS Investment Research report rated Roc as ‘Buy 2’.

Steve Rotherham
Roc-solid future ahead

UBS forcast’s Roc’s oil production to rise from about 15,000 barrels in 2005 to 2.5 million barrels next year. By 2007, production is predicted to reach 3.3 million barrels. UBS rated Roc’s net asset...

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