With a significant amount of this new production and revenue coming from two ROC-operated fields in China and with the successful appraisal during the Quarter of a potentially commercial, ROC-operated, oil discovery in another part of that country, ROC's profile in China has increased significantly.
ROC's profile in Angola is also about to change. The Company negotiated a two-year drilling rig contract which was signed post-Quarter. As a result, ROC can move forward to deliver on its commitment to start a ground-breaking exploration drilling campaign onshore Angola in 1H 2007, the first in more than 30 years.
In Australia, the reservoir performance at the ROC-operated Cliff Head Oil Field performed at the higher end of expectations, thereby providing a valuable underpinning of the Company's overall revenue stream.
As ROC emerges from a very eventful Quarter, the Company finds itself with an array of portfolio activities that is unique among western, publicly listed, oil companies – and one that sets the scene for sustained growth in the near, medium and long term future.
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