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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • ROC
  • Price:
  • 152p
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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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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