Five sentences. Four without a mistake. It is so obvious that bh007 is very literate and familiar with English but is retarding nit too be. Suprised you have decided to try to tease today, Bhoy George. You are an obfuscator and a nescient dilletante, sir.
I still remember you telling me the same story about 6 months before. Good luck to you, if you believe in fantacies. As far as I am concerned I have never tried to hide my disgust with Range, and have been vocal about it. Regrarding you position on Range, I have also made it clear that I don't believe that you or Lewis are genuine personal investor. Although it's hard for me to predict accurately what is your motive behind reprimanding every negative poster, and countering them with some pep talk rather than tangible progress. I feel sad for people loosing money, but if they loose any money on RRL they deserve it (including myself who lost about £ 8-to-9k), as RRL never met any of it's simple targets and in this situation no company can be classed as investment grade. On top of all this slowly RRL is losing it's upside potential by relinquishing various exploratory plays. If anyone follows any news he would know oil prices are nosediving, and heavyweights like Statoil are struggling to justify opening new fields / investments. In this climate anyone really thinking T&T would be our savious he is misguided. Companie's T&T operation could already be a loss making venture after recent fall in oil prices or soon it will be. Even if someone believes in RRL potential then instead of RRL, RMP is much better alternative due to its much lesser no. of shares and near term liabilities.
I notice that today bounty you have forgot to type in your usual broken English, strange that but as I have commented before it is all part of the persona you created with the demise of your other identity. We get it, you really do not want to see this company recover, well take a good look it has already started to for reasons best know to yourself.
Wait until the next quarter when we have 4 and possibly 5 rigs drilling and the funding to drive us forward.
Absolutely no doubt in my mind now that this is the best AIM stock to get on. I make the cash "burn" less tnan £10k a week average in the last quarter, unless you are throwing all the extra stuff in like ASX listing, Perth offices, M E J fees etc, carve. Which I think most shareholders want to lose altogether, especially any links to previous Directors (however chummy and popular they may have been compared to Will Scott-Beattie).
really at range. We will find out several months down the line Rory will depart for pastures new, and he will leave behind a crawling RRL. On record I have said several time we will never have 4-5 rigs drilling, and this has been the case. If we couldn't achive that untill now we will never achieve that in future unless we buy few new ones. RRL is dead for long term investors, there could be a window of opportinity for new investors to trade in spkies. There are much better potentials on AIM itself such as CHAR, and various oil explorers in Falkland. These will be in action in 2015.
since Georgia to be drilled and completed by March 2015, surely it must be drilled at least a month before that. so most likely will be spudded in Jan 2015 ??
RMP: RMP has a new technical director which I believe will help finding sweet spot. perhaps in conjunction with a new JV, and maybe they will get some advice from FRR which drilled in Georgia and striked huge oil/gas ?
so, most likely RMP (who is free carry for the first well), will increase the stake to 30% while either Strait will increase their stake as well (buy from RRL) or maybe they will be another JV (FRR?) will come on board buying off RRL stake?
previous broker target for Georgia for RMP alone was worth 20p risked (and with positive result will be worth much more than that... 50p ??)
RRL: first scenarios is RRL will sell all their 45% to both to Strait and RMP. Or perhaps they will be another company who will buy off 45% stake of RRL and proceed with drilling (drilling together with strait and RMP).
or perhaps. the new company will buy a portion of RRL stake eg 25% (and leaving RRL to own 20%) and giving RRL free carry for the first 2 wells? so, in essence, the new company (maybe FRR or the Turkish firm that some were saying before) will pay for the drilling of the first 2 wells (while RMP and RRL free carry).
i would prefer RRL to sell part of the stake and get free carry, so that we can get uplift on Georgia drilling.
I suppose not many people knew how close this came to going bust. 30 sep they had $1.4m left and they announced the Lind loan on 17 Oct. A few more weeks and this would have ground to a halt.... Close shave if I ever saw one.
Had the loan been delayed for any reason, this would have been brown bread. Looks like RSR likes to thread a fine line.
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