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Roc bulks up at Cliff Head

ROC Oil has cranked up its stake in the Cliff Head oil field, offshore Perth Basin, snapping up a 5% stake in WA-31-L from CIECO Energy Australia for $A4.5 million while continuing its African retreat.

Roc bulks up at Cliff Head

The buy brings Roc's stake in the producing field up to 42.5% and boosts its proved and probable reserves by about 400,000 barrels of oil. "The acquisition of 5% of the Cliff Head oil field will provide...

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