ROH @ 0.025 cents Has 2 Billion Barrels of Bitumen
For 0.025 cents share price and $1.5 million market cap, you get:
- Key asset of Rochester : 100% working interest in 50 sections of oilsands leases with more than 2 billion barrels of discovered resources.
- Rochester owns an average working interest of 19% in 5 producing natural gas wells so generating revenue
- Rochester also owns an 18.75% interest in a gas plant that is generating revenue.
-The combined net production to Rochester is approximately 55 boe of natural gas and 7 bbl/d of natural gas liquids. The property is non-operated. These properties provides cash flow and its value has been enhanced with recent strengthening of natural gas prices.
- No debt in balance sheet
- Book value of $16 million (i.e., cost paid by ROH for assets it controls)
In my 30 years of investing. I have never seen this before!