Roc Oil founder dies

Roc Oil Ltd founder John Doran has passed away, a week after he stepped down from the chief executive role due to a sudden serious illness.

In a statement to the stock market this morning, Roc said Dr Doran died on Friday after a short illness.

"John's sensibly contrary enthusiasm, passion and charm have been the driving force behind the company since its foundation in 1997," the statement read.

"He will be greatly missed by ROC's board and worldwide staff, business partners and shareholders, many of whom were known personally my John.

"Our deepest sympathy and thoughts are with John's family at this tragic time."