Today’s quarterly update from Range doesnt tell us anything we dont already know as there have been a number of announcements about drilling etc. The long term focus is obvious and concentration of development drilling and work on the waterflood projects continue. Shareholders will be happy to see the 2,500 b/d production forecast by the end of next year to be still in place and drilling of the MD 251 continues at present.
Pete, ive seen your posts on the other site. Inclined to agree with you in respect of the fact I dont like the hidden costs.
But I am here for the waterflood and then subsequent drilling on the back of that. As I see it we COULD be on the cusp of a dramatic upturn in events. Waterflood coming online, MD 250/251 coming on line.
I suspect that the Sinosure deal is pending a BOPD caveat, which if hit could open the preverbial floodgates.
I hate that they are not pushing through the drill certs but the reason being is they are blaming other people. Surely they would have known the requirements to be certified before trying to get this done. All the ship hunting at the start of the year was pointless with hindsight.
I know you have been here a lot longer than me, though I have seen virtually it all. I am probably calmer about my investment than I have been in all of the time holding.
You raise fair points but you will never win when people only want to see the positives. I appreciate your "negative" slant as it is well thought through and helps me analyse my stance better.
"They show the revenues but nowhere can I find what debts we have racked up with LO. I have emailed them a few times but it's a figure they won't disclose. Anyone invested here should be asking the same questions. Without that figure how can anyone make a sensible investment decision?"
very odd that RRL had not clearly stated these figures or for that matter never got back to a shareholder with at least some explanation...
As usual with a Range RNS they fake transparency but hide the information required for any serious investors to buy the shares.
They show the revenues but nowhere can I find what debts we have racked up with LO. I have emailed them a few times but it's a figure they won't disclose. Anyone invested here should be asking the same questions. Without that figure how can anyone make a sensible investment decision?
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