In a public announcement Roc stated that is not in any takeover discussions with any company and it does not expect to have any such discussions in the immediate future. The announcement was made in order to prevent a false market in its shares.
However the company said that as a normal part of business it receives expressions of interest in assets that ROC owns which could evolve into broader corporate discussions. There are, however, no such discussions presently taking place.
ROC also pointed out that the recent increase in its share price has not taken it back to the level it was at in late January 2003, when it announced to the market that the Cliff Head-3 sidetracked core hole well, CH-3-ch1, was production tested at a rate of 3,000 barrels of oil per day.