I don't think anyone, possibly including the BOD, can give u and answer. I imagine that it could be the same as last time and will go to the 6 month wire. It depends on what you believe the current "real" situation is. Are we really in a reverse takeover situation or is it all a fudge to allow some stability in what could be a turbulent 6 months. Might just be a coincidence that the waterflood problems, and there must be problems if in March they can tell us we won't meet a target 9 months away, coincides with this suspension. The problem is that no PI knows but you can bet your boots that the major Chinese institutions do.
Solid reserve base: 1P of 17.3 mmboe, 2P of 24.4 mmboe, and 3P of 36.9 mmboe Exploration upside: 2C resources of 3.1 mmboe and prospective resources of 14.8 mmboe Focused on delivery of waterflood projects in Trinidad, aiming towards production growth Continuing to pursue growth opportunities through acquisition of new assets Strong Board and experienced management team, aligned with shareholders' interests
Range is focused on growth through acquisition of transformational new projects, whilst continuing production and reserves growth in Trinidad. The Company has a robust balance sheet, streamlined operations, support from strategic partner, and the Board and management fully aligned with shareholder interests.
And once again Oma shows his true colours even if not his true name. No doubt we will now be subjected to a bombardment of mis-information and half truths. That in itself tells me Range are on the right track. One point mentioned was consolidation, maybe that would not be such a bad thing. I did like the subtle mention of if we relist though, pure Oma.
Range Resources Nothing in the Range interim update that we didnt already know, revenue was in line and the loss after impairments as expected. Production remains at 495 b/d but is increasing fast particularly as the waterflood projects are moving ahead with one in production. The shares are suspended at present owing to the recent rig deal being a technical RTO but the management are still talking about making ‘value enhancing acquisitions’ which should they come off make Range a most interesting prospect for 2H 2017. With the balance sheet in much better shape after this deal which should increase efficiency and reduce costs the outlook looks increasingly optimistic.
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