Ignore the noise as I said earlier, someone is keeping a lid on this, take a look at the real picture, it took just two trades to keep this down tonight. Some are traders , some are straight out of the boiler room and some are just ...
If 4 x South Quarry wells are included (or at least 3) and production has fallen I will be very surprised / disappointed ... however my guess is that LO will be concentrating on clearing roads and preparing drilling pads etc so when new kit lands they are well and truly ready to go ..... Petrotrin withstanding
CH, you were very close. lol. Trin has similar reserves ton RRL. Expect a further drop tomorrow. The Chinese might see TRIN as a better option to fund that and take a hit here. It's all very bleak atm.
Possibly , a decent ops update and more clarity would helps reverse the trend pretty quickly IMO ... I have been buying a few more and think the potential is huge ..... but the oil price and consequent pull on the entire sector coupled with the news vacuum will see us fall further if unchecked
No arguments that Range has under performed for years .... it's just whether people believe Chen can turn this around ...I do and soon but until there is solid evidence there will be no confidence here .....
MO, I did not say they are going to be removed. I think this current climate will provide the sector plenty of M&A's as long as the company has good fundamentals. Oil is down ofc and it obviously a factor, but RRL have been underperforming for years..
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