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Quarterly report for Australia-listed ROC Oil released

30 Oct 2013
ROC Oil Company Limited, the Australia-listed firm released its quarterly report today and revenue is shown to have grown 20% to $67.9 million for 3Q 2013, compare to $56.8 for 2Q 2013. This increase has been attributed to higher realised oil price, higher production volume and a stock overlift.

Total oil production rose 8% to 7,215 barrels of oil equivalent per day in 3Q 2013 from 6,691 in the second quarter. This was mainly due to the increase of Beibu oil production in China, of which the majority of the development work has been completed.