ROC - Roc Oil Company

[prawn_86]

No ones posted here for a while. Does any one have an opinion on ROC, I am about to grab a parcel.

What are your reasons for wanting to buy? If you post a bit of discussion and opinions it should get others commenting on it.

 

[CanOz]

Not a Bad Chart...could be an opportunity on a break of the recent highs...

 

[dgcruzing]

No ones posted here for a while. Does any one have an opinion on ROC, I am about to grab a parcel.

Anyway, ROC looking solid and for those that have not looked before, I would put my neck out and say its one of the safest bets you could park some money into..

As been said..one of the lowest BOE producers on the xchange

Bohai Bay looking good with another block to come online,

their infrastructure out of Tanggu Teda is solid for support - plenty of on demand equipment as its a hub with manufacturing facilities supporting not only this area, but supply to other world drilling operations. Many majors are making rig parts, drill pipes, connectors out of there.

Beibu gulf looking good..rampup will be quick - as a lot of work has been done..

.....The Beibu Gulf Project consists of three oil fields in block 22/12, which is located about 60km from the southern coast of China and northwest of Hainan Island. The oil resources are located at depths of about 25m to 40m.

The project will involve development of the three oil fields namely 6.12, 6.12 south and 12.8 west.

Companies involved in the Beibu Gulf development are China National Offshore Oil (CNOOC) (51%), Roc Oil (19.6%), Horizon Oil (Beibu) (14.7%), Petsec Petroleum (12.25%) and Oil Australia (Majuko Corp) (2.45%).

In June 2011, Petsec Petroleum was planning to sell its assets in the field to Horizon Oil for A$38m. ROC Oil has been making the discoveries and appraising the Beibu Gulf oil field since 2002.

In the second quarter of 2011, CNOOC took over the operator responsibilities on behalf of the Beibu Gulf project joint venture...
http://www.offshore-technology.com/projects/beibu-gulf-project/
http://www.subseaiq.com/data/Project.aspx?project_id=726&AspxAutoDetectCookieSupport=1

Solid management, years of building Guanxi in China with the right channels..proven results..

I can not comment too much on the Malay play as dont know much about the area, but seems that it might be worth the effort as ROC management have made the decision to drop Africa and NZ to go into play with this area.

gis.doe.gov.my/eia2/.../BalaiClusterPEIA_ExecutiveSummary.pdf

This is a little older..but gives an idea on on expenditure anticipated by parties involved, which to my way of thinking

http://www.theborneopost.com/2011/0...ster-field-development-project-from-petronas/

Some of the conocophillips guys I know that work the Bohai Bay area speak highly of them..




Sent from my Transformer TF101 using Tapatalk 2

 

[dgcruzing]

plus another reason to hold a few..

Thu Sep 6, 2012 1:29am EDT

Roc Oil Co Ltd looks the most attractive on valuations among 39 companies in Australia's energy sector tracked by at least three analysts, data from Thomson Reuters StarMine shows.

http://www.reuters.com/article/2012/09/06/midcap-rocoil-idUSL4E8K52K020120906

Sent from my Transformer TF101 using Tapatalk 2

 

[JJBM11011]

plus another reason to hold a few..

Thu Sep 6, 2012 1:29am EDT

Roc Oil Co Ltd looks the most attractive on valuations among 39 companies in Australia's energy sector tracked by at least three analysts, data from Thomson Reuters StarMine shows.

http://www.reuters.com/article/2012/09/06/midcap-rocoil-idUSL4E8K52K020120906

Sent from my Transformer TF101 using Tapatalk 2

Yes Great buying here if your not so keen on many of the high/risk low cashflows oil/gas plays I recommend ROC
very well underwritten in cashflow i.e likely 10-12cps earnings next year ....couple good discoveries of late
why take the risk when ROC should ROCK towards 100% return if you can hold 12m-16m IMHO

 

[CanOz]

Not a Bad Chart...could be an opportunity on a break of the recent highs...

Anyone take this?

 

[albaby]

Longer term perhaps Canoz,not atm for me .Al

 

[albaby]

Anyone take this?

Sorry Canoz,completely misread your post,in reply to your actualQ.I wish.Al

 

[brty]

I bought at support at 40c, not looking for a long term trade.

 

[Letts]

Anyone got some thoughts on this? I'm thinking of doing a short term (3-6 month) investment - from what I can see on the charts, ROC seems to have previously hit an equilibrium around the 40c mark, steadied, and has been growing over the past 3 months or so

 

[kirtdog]

Anybody been following this company? Noticed the previous 2 years the earnings have been in the green, but the SP has remained stagnant..

 

[tinhat]

At the risk of sounding like a cranky middle-aged fart, does anyone write using sensible syntax any more?

This is in today's announcement from ROC:

Your directors unanimously recommend you VOTE AGAINST the resolution proposed at the EGM
enabling the merger with Horizon Oil to proceed.

I believe the author is trying to say: "Your directors unanimously recommend you VOTE AGAINST the resolution proposed at the AGM so that the merger with Horizon can proceed". The author could have simply inserted a comma to improve how it reads: "Your directors unanimously recommend you VOTE AGAINST the resolution proposed at the EGM, enabling the merger with Horizon Oil to proceed."

As shareholders, a lot of the communications we receive from corporate management is hard to follow (sometimes deliberately) and at other times, such as in this case, because of poor wordsmanship.

I don't hold ROC but I do hold HZN, so hello to all my soon to be brothers and sisters.

 

[piggybank]

Moving up nicely over the past few weeks.

​

 

[tinhat]

Under takeover offer.

 

[AUSG]

A SMH article raises the possibility that the Class Action suit against Roc Oil may affect sale to Fosun, by triggering a material adverse change (MAC) condition.

Link to article:
http://www.smh.com.au/business/mini...ass-action-20141003-10q11l.html#ixzz3FKLTwAnQ

 

[System]

On January 30th, 2015, Roc Oil Company Limited (ROC) was removed from the ASX's official list following compulsory acquisition by Transcendent Resources Limited.

 

[WaveSurfer]

ROC Oil Company Acquisition - What happened to my stocks?

Hey ASF'ers,

I bought ROC Oil a while back when it was below 30c. I've been on holidays overseas for over 3 months and returned to find it's been acquired by Fosun International. The stock has apparently been removed from the ASX and I'm just wondering WTF has happened to my stocks that I own. I've spent over an hour on the phone with IB and the woman wasn't able to help much at all. She's going to get back to me on what's going on.

In my portfolio, it shows ROC.AUD which is odd, none of the other stocks I own have that suffix. I've tried closing the whole position but keep getting a "No trading permissions" error. I of course have trade permissions for Aussie stocks.

Does anyone know what's going on? What happens to my position? I thought I'd either be paid out or given stocks in the acquiring company. There's nothing in my Corporate Actions list either, which I assume I missed because I was away. Any insight would be much appreciated.

Cheers

 

[WaveSurfer]

Re: ROC Oil Company Acquisition - What happened to my stocks?

Nevermind, I sorted it. Turns out I have to claim the funds through the Computershare investor centre and they'll send me a cheque.

Mods feel free to delete/lock this thread.

 

[Joe Blow]

Re: ROC Oil Company Acquisition - What happened to my stocks?

Nevermind, I sorted it. Turns out I have to claim the funds through the Computershare investor centre and they'll send me a cheque.

Mods feel free to delete/lock this thread.

Hi WaveSurfer, I have merged your thread with the Roc Oil thread as this information may be useful to others.