I agree that LGO have outperformed Range to date but I also am highly cynical about DL companies and in my experience it is not always as good as it sounds. They do great PR and even better hype. Don't get me wrong, they have huge potential but then so do we, my betting is that with LO on board we might just get there ahead of them in the end.
Not a beauty contest is it, kezzy31. If you want to invest £5,000 in Range, you get about 650,000 shares. If you invest £5,000 in LGO, you get about 125,000 shares (I think). But the dividend you receive tends to be same in both companies and growth in Range value has been considerably more in 2015 so far and is almost certainly going to remain like that in 2015.
But it is not a beauty contest. You can see by how few Range sells there have been this week that Range shareholders have not jumped into the LGO bed (suspect many sells were to pay off Christmas 14 credit card bills). But am sure we wish LGO and their shareholders well, as they wish us well. Why would they not?
How on earth do you get 300BOPD per well, I suggest you look a little further into how LGO calculate their total production for their Goudron field. Their current production level across all of their assets is less than 1,000 BOPD. As for our depletion rates, why do you think LO are working on a waterflood programme?
TRIN are short off cash and have commitments. You asked and it's a legitimate answer.
Where you get 2 wells from? I said end Q1 2016... 9 months away. The Niko deep drill due to take 50 days with the relic that is rig 8. With new rigs that time will cut significantly. 12 month LO credit will see us up drilling significantly, I would hope for 4+ deep drills before Q1 plus the shallows.
Nice one, Cyril. See, we can have fun without goading and ticks now and again on this board.
Now to look at Bhoy George's and Bounty's predictions - I think both of them must be insiders too. As for SaltDome, would like to know his predictions but he is too scared to post anything that might reveal any part of his naked bo*tom.
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