A very good RNS would be one that stated that RRL had received all government permits and licences that enabled release of the funding and lifting of the suspended shares and that the oil production had doubled....
There are some positive statements in the RNS. But will the 13,000 ft rig arrive (possibly), will the rig drill (possibly), will rig achieve its target depth/s (possibly). There have been so many RNS releases with positive statements, but how many have come to fruition? So, i'll wait and see what happens. Is there an alternative strategy I could follow (no). Like everybody else in this share I have to wait, wait, wait and hope, and wait again.
of course,wouldn't miss this fight for all the oil in Trinidad or lack of it in Ranges case. Think pacquiao would of won 5 years ago,but my head says mayweather now, Really hope I am wrong & manny ko's him. No I don't think the money will (arrive on or before 30th april )now may 14tth !!!! I honestly hope not but my guess is it's ****ed
I must commend sincerity, commitment, professionalism, and efficiency shown by RIG. If RRL past's management would have shown half of it, we would have been in much better shape. On the other hand Afren's shareholders group may have a lot higher stake, but don't seem like any professional outfit. Still there are not more than 3-4 individuals in committee, and people are known to each other only by pseudo names. The representatives claimed to have held first meeting with senior management but didn't even bother to give advance notice to group members . It seems that group is there only because there may be 2 or 3 high net worth individuals who want to put up some fight irrespective of any rationale. I don't think that group is gonna achieve anything unlike RIG which served well until this point.
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