Secondary Recommendation

Roc Oil - Strong record for discovering oil

July 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Roc Oil, which originally floated on Australia’s ASX in 1999 before gaining an AIM listing in September 2004, achieved the most unusual feat of raising US$150m from Aussie retail investors amidst the backdrop of the then rock bottom US$10 a barrel oil price. At that time, Roc was a virtual start-up but investors were prepared to back founder and chief executive John Doran, who had made many of them extremely rich by building up his previous firm, Command Petroleum, from a minnow into a company eventually sold for Aus$400m to Cairn Energy in 1996. Roc’s strategy has been to build a broad-based portfolio to ensure that it is never overly reliant on one asset and it now has a well-diversified package of interests spannin ...

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