If only the Chines would adpot a 'can do' or even better 'can do ontime' attitude. Rex, if they have a cunning plan NOT to drill much as you hint at they should tell shareholders and not constantly lie to us.
Others not taking account of low oil price and prime policy of water flooding.
Range need higher production levels and preferably a higher oil price. This has to be done via water flood to maximise returns and use of funds. Basic economics that the Chinese understand but many shareholders do not. We have been dealt this hand when the alternative was losing everything. Time to suck it up and leave it to the professionals on the BOD who have stopped the company haemorrhaging money and have accepted lower pay. Thank goodness we are leaving the EU since so many have been infected by their can't do attitude. Time for the British bulldog spirit to come back.
Range have once again done what they said they would, spudded the second well mid July. Just three weeks to TD by which time we could have approval for the other three rigs, if not then shortly after. All good IMHO.
There is no certainty tat they will drill a third well from this pad but if they do so be it. This is another positive step forward for Range and we are we are already in Q3 so approval for the remaining new rugs will be within a matter of weeks. Waterflood development is still ongoing on two fronts, when all that comes together this could fly. Still watching the situation with TRIN too, not sure we have seen all the cards on the table yet.
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