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Corporate History

2012	ROC withdraws from offshore Taranaki Basin permit PEP52181 in New Zealand. Following withdrawal from this permit, ROC had no further interests in New Zealand.
2012	ROC reports profit of US$28 million – the Company’s first profit since 2005.
2011	ROC completes on-market share buy-back, having acquired 30.7 million shares at a cost of A$10 million.
2011	Through the sale of three separate packages, ROC divests all interests offshore Mauritania to Tullow, including a 3.25% interest in the producing Chinguetti oil field (effective date is 1 January 2011).
2011	Acquires an additional 5.0% interest in the Cliff Head oil field from CIECO Energy Australia Pty Ltd (effective date is 1 January 2011).
2011	Farms down its interest in Block H, offshore Equatorial Guinea, to White Rose from 37.5% to 20.0% for a free carry through the drilling of an exploration well.
2011	PETRONAS awards a Small Field Risk Service Contract ("SFRSC") for the pre-development and development of the Balai Cluster Fields, located offshore Sarawak, with a contractor group comprising of ROC, DIALOG Group and PETRONAS Carigali.
2011	Divests 75% interest in the Juan de Nova Maritime Profond Block) and withdraws from its 75% interest in the Belo Profond Block, offshore Madagascar, both located offshore Mozambique Channel.
2011	On-market share buy-back initiated, with the Company committing to spend A$10 million over 12 months (from 27 May) to acquire ROC issued capital.
2011	ROC divests its remaining 10% interest in the Cabinda Onshore South Block, Angola
2011	The size of the existing Zhao Dong Block is increased by 150% include two additional blocks and the term of the Zhao Dong Contract and Production Period could be extended to accommodate any new production from these additional blocks, in which there have been previous discoveries.
2011	Alan Linn appointed Chief Executive Officer (CEO)
2011	Final Investment Decision (FID) achieved for Beibu Gulf oil project, with first oil anticipated before the end of 2012
2011	ROC divests its 20% interest in WA-351-P, offshore Carnarvon Basin, Western Australia.
2010	ROC increased its New Zealand exploration acreage position in May with new interests in two offshore Taranaki Basin permits: farming into PEP38524; and being awarded operatorship of PEP52181.
2010	ROC announced on 3 February that remaining gross 2P Reserves at the BMG project were reduced from approximately 18 MMBBL to 3 MMBBL subject to further development activity.
2009	Delists from AIM (effective 2 November)
2009	Raised approximately A$68.8 million through a fully underwritten institutional placement of approximately 88.2 million new ordinary shares at an issue price of A$0.78 per share and A$26.2 million through a share purchase plan, which offered eligible shareholders the opportunity to purchase up to A$15,000 worth of shares at A$0.71 per share.
2009	Sold a 10% participating interest in BMG to Pertamina, the Indonesian National Oil Company. Total cash consideration for the sale was US$31.5 million including working capital. ROC retained a 30% interest and remained operator of the BMG project.
2009	Farmed out a 45% interest in the Cabinda Onshore South Block, Angola to Pluspetrol Resources Corporation, which also became operator. ROC retained a 15% interest in the block and a free-carry through the full 2009 work programme.
2008	Following the successful construction and commissioning of new facilities, oil production commenced in October from the C4 Oil Field (ROC: 11.575% & Operator) and Extended Reach Area Fields (ROC: 24.5% & Operator) of the C&D Fields in the Zhao Dong Block, Bohai Bay, offshore China.
2008	Completed successful off-market takeover of Anzon Australia Limited (AZA) in October. ROC's offer was 0.792 ROC shares and $0.05 cash for every AZA share.
2008	Merger with Anzon Energy Limited (AEL) became effective on 8 September. ROC's final consideration was 1.32 ROC shares for every AEL share.
2007	Oil production commenced at the Blane Field, North Sea, in September.
2007	Oil and gas production commenced at the Enoch Field, North Sea, in May.
2006	ROC completes fully underwritten pro-rata renounceable 3 for 8 rights issues of approximately 81 million ordinary shares, with an issue price of $2.70 per share, raising gross proceeds of $219 million on 8 December 2006.
2006	ROC acquired 24.5% operated interest in the Zhao Dong Block ("Block"), in Bohai Bay, offshore China for US$260 million. The Block is part of a prolific petroleum province offering considerable upside potential with gross proved and probable remaining reserves of approximately 57.5 MMBO, and production in the order of 22,000 BOPD. The transaction completed on 8 August 2006.
2006	ROC makes a potentially significant oil discovery Wei 6 -12S -1, in Block 22/12, Beibu Gulf, offshore China. Pre-development studies are ongoing.
2006	Oil production commenced at the Cliff Head Oil Field, Perth Basin, offshore Western Australia in May.
2006	Oil production commenced at the Chinguetti Oil Field, offshore Mauritania in February.
2006	ROC raises A$75.9 million/GBP 32.2 million before expenses by placing 28,000,000 fully paid ordinary shares with UK based institutional investors at a price of A$2.71 / £1.15 per share. This price was a 1.5% discount to the volume weighted average price for the first 12 days of January 2006 and equivalent to the volume weighted average price of shares traded within the previous month.
2005	ROC raises US$15 million by placing 10 million shares at A$2.00 per share, a significant premium to the then share price.
2005	ROC sells Saltfleetby Gas Field in Lincolnshire for A$111 million after producing A$350 million in sales revenue.
2004	ROC undertakes a 3 for 5 share rights issue at a price of A$1.40 per share, raising A$92 million, underwritten by Goldman Sachs JBWere Pty Ltd and Patersons.
2004	ROC lists on the Alternative Investment Market (AIM) of the London Stock Exchange.
2004	ROC activates the Onshore Cabinda South PSC in Angola in November.
2001	ROC's first well in Australia discovers the Cliff Head Oil Field – first oil produced in May 2006.
2001	ROC's first well in Africa discovers the Chinguetti Oil Field – establishing offshore Mauritania as an emerging new oil province.
2001	ROC exercises its option to acquire shares in Elixir Corporation Pty Ltd which held interests ranging from 2% to 2.7% in all of the licensed areas offshore Mauritania. ROC subsequently increased its interests to 2.0%-5.0%.
1999	ROC acquires a suite of oil and gas assets onshore eastern England and in the UK North Sea for A$115 million. The core asset, the then undeveloped Saltfleetby Gas Field in Lincolnshire, became recognised as Britain's largest onshore gas field.
1999	ROC lists on the Australian Stock Exchange, raising A$150 million through an initial public offering and giving its original private shareholders liquidity within three years of the Company being established.
1997	ROC starts as a privately owned company. The shareholders were primarily the current Board and Management, blue-chip corporate entities and high net worth individuals.