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We launched EQUITY DEVELOPMENT in 1997 becoming the first ever  regulated provider of Sponsored Equity Research in the UK.

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ROC Oil

ROC is a diversified independent upstream oil & gas company based in Sydney with a dual listing on the AIM in London (2004) and
ASX in Sydney (1999). The company has attractive exploration acreage in six countries, production in China, Australia and Mauritania, developments in the UK, and an exciting exploration programme in Angola and Australia.

ROC Oil; Rights issue proceeds restore flexibility

  • Post a successful rights issue attention moves to ROC’s appraisal and exploration programme in China, and exciting exploration in Angola in H2 2007.
  • Other key wells will be drilled in Australia and Equatorial Guinea
  • NAV/share 108p (A$2.71) with 166p (A$3.35) of unrisked upsides from planned drilling·

Publication Date:
January 22 2007

ROC Oil - $260m buys more exposure to China

  • Block offers production, development and exploration upside
  • Debt financed
  • Full NAV unchanged at 144p/share

Publication Date:
July 6 2006

ROC Oil; so far so good

  • Production onstream in 2 locations
  • Ongoing exploration
  • Chinese discovery now being appraised
  • Healthy financials after share placing / cash flows
  • Steady newsflow to continue
  • Only small share price premium to Full NAV

Publication Date:
June 15 2006

ROC; upside not discounted

  • ROC Oil has commenced the most intense period of exploration drilling in its history
  • Strong newsflow H2 2005
  • Our upgraded Full NAV now stands at 145p/share, 35% above current levels
  • ROC is exposed to an incredible 454p/share of unrisked exploration based upside from 104p/ share (core and appraisal) over the next year alone 

Publication Date:
November 28 2005

ROC - into the Premier league?

  • ROC Oil is poised to commence the most intense period of exploration drilling in its history
  • Strong newsflow H2 2005
  • Our upgraded Full NAV now stands at 135p/share, 35% above current levels
  • ROC is exposed to an incredible 385p/share of unrisked exploration based upside from 95p/ share (core and appraisal) over the next year alone

Publication Date:
August 4 2005

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