Range Resources Ltd is an oil and gas exploration, development and production company. Its roots originally start from 1976 in Ohio. Since then the company was incorporated in Australia in September 1982. Its headquarters are based in Texas.
Yes there is a delay as the production has been put back from H2 2016 to Q1 2017. A delay of 2 years using your take on it Oma.
You seem to be annoyed that Range are spending money to develop the company. They have been looking to tie up the Sino deal for around 12 months, maybe longer YET you post a comment implying that Range is now having to do this out of desperation. It is necessity that it is done BUT not a rushed emergency type loan as you appear to imply.
More and more delays, with capital outlays increasing and delayed revenues to support the mounting debt. Current injection rates will give an additional circa.150 bopd some-time next year. Significant amounts of capital investment still required for post recovery water separation.
Interesting that they are still looking to borrow a further $50M on top of what must now be approaching $20M of debt to LO.
Can’t see much in the way of production increases in the remainder of this year
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