You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
Business Description: Roc Oil Company Limited (ROC) is an oil and gas company with a main focus on Australasia, China, United Kingdom and Malaysia. ROC's core operations are located mainly in the Sydney and Beijing. The producing fields include Cliff Head in Australa, Zhao Dong in China, as well as Blane and Enoch in United Kingdom. ROC’s total production was 2.36MMBOE (6,445 BOEPD) for FY12.
Strategy Analysis: ROC seeks to establish a substantial reserve base for sustainable production. It aims to cost effectively develop and acquire new and existing exploration and production assets in countries within Australasia. Meaningful interests and operatorship is preferred. Leverage is sought from established relationships with governments, national oil companies and joint ventures.
Roc Oil Company reported NPAT of US$60.95m for the year ended 31 December 2012. Revenues from ordinary activities were US$242.07m, down 15% from last year. Diluted EPS was 8.8 US cents compared to 3.9 US cents last year. Net operating cash flow was US$126.26m compared to US$43.39m last year. No dividend was declared.
The Age 24/05/2013 |
The door has been opened to full deregulation of electricity prices in NSW after a report found there was a high degree of competition, with more than 60 per cent of households on unregulated contracts.
The Age 24/05/2013 |
James Hardie expects no big improvement in the housing market this year but says the sector has stabilised after interest rate cuts.
The Age 24/05/2013 |
Foster's owner SABMiller reported a 5 per cent drop in sales volumes in Australia over the past year but notched up 3 per cent growth in the fourth quarter, boosted in particular by the relaunch of Victoria Bitter.
The Age 24/05/2013 |
The ASX took more than three hours to tell stockbrokers and investors a computer failure had knocked out its critical market announcements feed in October last year, according to a new investigation into the incident.
The Age 24/05/2013 |
The Australian dollar plunged to its lowest level in a year, shedding over US2¢ in a session, as traders reacted to contradictory comments from the head of the US Federal Reserve on Thursday.
Already a member? 
