"a load of bean-counting suits focussed on sorting out their pensions and options on the back of Range and very long-suffering shareholders (and employees)."
Realise you probably didn't find your specs before usual knee-jerk post, manic. Don't think even Tony Blair and Margaret Thatcher combined would have done a better job than RSR - though they would have been a lot better at spin. When Osborne misses his fiscal targets this week, and Cameron promises immigration by now in tens of thousands, they are cheered by half and jeered by half. When Rory missed his 1000 bopd (and probably not by a huge amount) he was jeered by 95% continually for months. Nobody can perform well against that sort of pantomime backdrop.
why you feeling bad for rory for? What about the LTH who are we'll shafted right now, missed his bopd = billions more shares,This might go tits up right now and you feel bad for rory ffs !!! Some idiots were throwing world class accolades at them,no talk is cheap .Aim Oily's is a casino ,no doubt about it, but here the house is bent.
All now gone to bed in China and Australia at end of the first week following coup. Nothing much from the Huashan bunker apart from a temp CEO announced.
Website still lists Rory as CEO and puts him at the head of the 5 members of senior management - others Nick, Will, Douglas and Walter. I predict that is order of firing, and that Walter will be the only one in post in January. Would not surprise me if a couple fell on sword before the inevitable restructure occurs. Best of luck to them all.
Still in suspension. But some worms that crawled out of that particular can 6 months ago are analysed in detail by RazzleDazzle elsewhere. No doubt in my mind that Rory was rolled-over by the luscious Landau in his final act (we hope) of stuffing Range. Nick was still in his honeymoon period and there were a lot of more difficult and very basic problems to address at the time - but IOP has remained a very great thorn in the side of Range ii under Rory and is now carried over as a thorn for Range iii under Reikie. Only V Putin will sort it all out, I fear.
Sorry we hounded you from pillar to post. Sorry we tried to keep you on back foot and made your tenure so short and disappointing. Let's hope you did put things in place to get us some investment money that we can use for actual investment and that you finally got 5 of the drills working and we can clarify whether sixth is worth repairing.
Not sure how much Auld Reikie will achieve if he is part-time with a business to run and lives thousands of miles from where we think all the action is taking place (perhaps we must tread water till new CEO appointed and allowed a couple of months to bed in).
Shareholders and employees need some assurance that new BOD are focussed on Trinidad production, competitive finance and really know what they are doing, rather than a load of bean-counting suits focussed on sorting out their pensions and options on the back of Range and very long-suffering shareholders (and employees).
Has Nick done well so far? Has Will done well so far? Had Douglas done well so far? Was the problem just the inability of Rory to drive these 3 men to achieve their Key Performance Indicators? In which case, you don't need an old oil man - just a young, enthusiastic and very driven manager who can quickly gel those men together as a winning team.
vanguard I couldn't agree more with you. I have been invested RRL for more years than has been good for my health. We certainly need a break now, or at least a break even point as you mention. It gets more confusing day by day what is going on and who is pulling whose strings. All I want too, is for "us to drill for oil and make a bit of dosh". Not much to ask is it? ATB BB
Yeah, sorry, bit cheeky that. It was all the story this morning, then when I switched on later it was kind of strange seeing a rather red day go unremarked though I guess the RNS took precedence there. Can't say I'm desperately worried, think it's a case of que sera here now while they sort things out, seems to have made steps in that direction. No surprise RSR going, can't imagine he was too keen to hang around after last Friday, as indeed he had demonstrated on the day. At least the other senior management are still in place and will presumably be doing their thing. Some seem to be seeing it as a bit of a disaster at present, but plenty of companies (and football teams the most frequent parallel) have an interegnum and pull through fine.
Suprised that ASX is already down by 8.33%. Thought they would be pleased that Range is swinging back to Perth from London, and Aussie bean counter at helm. Predict chaos tomorrow in London and only people that will be happy are Culture Club (the nine t*sse*s who tick up Bhoy George's brilliant and witty posts).
We need Auld Reikie to spell out before end of day in Oz (ie in next 5 hours or so) exactly what he plans to do in next 2 months ie planned timing of appointment of new CEO, communicate IOP situation, when will we get production updates from Trinidad etc. Interview with Malcy or Zac well before Christmas might save the plunge in sp.
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