Roc eyes $168m issue

Australian independent Roc Oil will raise A$219 million (US$168.6 million) in a rights issue aimed at reducing debt incurred by taking on an operated interest in the Zhao Dong oil project off China.

Cutting debt: Roc Oil is issuing rights to reduce debt related to its acquisition of Zhao Dong
Cutting debt: Roc Oil is issuing rights to reduce debt related to its acquisition of Zhao Dong
Published 1 November 2006, 01:56Updated 7 October 2016, 09:22
Asia & Oceania