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ANNUAL and half-yearly reports released in the past few weeks show a financially strong Australian oil and gas sector, although in some cases strong prices masked drops in production. The big exception was Roc Oil, which took some big financial hits despite a rise in production.

Steve Rotherham

Roc horror Exploration expenses and unrealised derivative losses have hit Roc Oil where it hurts. The company posted a net loss of $US120.7 million ($A140 million) for the half year ended June 30. ...

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