You haven't read it fine, they say they will miss their targets, I referred to that and you ask me about what missed targets. Anyway, don't bicker.
As for commenting today, I don't waste my life commmenting on a daily basis about shares. So when an RNS comes along it's a good a time as any to comment. With £110K in this dog of a company I can say what I want when I want.
My main concern with this RNS is the admission that Range will not meet its 2500 bopd by the end of 2017; that is still a long way off. It makes me wonder how far short of that target we are now and how far short we will be at the end of the year. The exit rate in 2016 was over 800 bopd. Are we still building on this or have we fallen back on production again? I like the idea of diversifying the business by hiring out equipment but I'd much rather see the waterfloods motoring ahead as these are supposed to be the lifeblood of the company. Without that production it will become increasingly difficult to service debt.
So what target have we missed then, please explain because as I see it there is nothing in this RNS re missed targets just the BOD identifying a possible subject to shareholder votes), new business opportunity that will generate revenue and cut our production costs. The 4 brand new rigs become ours too
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.