There is no fixed date to miss Oma, look at the previous release dates below: 27 May 2016 / 23 March 2016 / 04 February 2016 / 22 December 2015 / 19 November 2015 / 09 October 2015 / 12 August 2015 / 30 June 2015
With Range at nearly an all time low, it makes you wonder why the Chinese board of directors don't invest in Range shares. What do they know that they are not letting on or are they balls deep after their last purchase of shares?
Any of the new directors bought any shares since they were appointed recently?
Would show a sign of confidence in Range if they did but clearly they either don't thing it's worth investing in or don't have the money to invest further
Pretty worrying if you are a long term shareholder
Well Oma was correct on saying no more drilling activity until after the end of RRL financial year. Got to look after the books because LO couldn't lend under their governance and credit policy without cash cover.
I suspect there never was an acquisition after the $20M bond dissapeared. But they had to carry on with the storey to explain why they then needed the credit from LO rather than use investors cash.
If threatened by fact sidetrack the issue, that is the tactic but it wont work, the price of oil is rising, we are making solid progress. We didn't so much as blink during the post Brexit panic (ill founded it seems with the Footsie 100 already back to pre Brexit levels. You have already changed the name, now change the record.
With a skip and a jump the oil price is almost back to pre-brexit levels, this is mainly down to better inventory stats this week where both organisations saw a draw of around 4m barrels. In the background there are a number of machinations but the rise in refinery utilisation to 93% ahead of the Independence Day celebrations is probably key. Elsewhere a fall in imports helped as did US production falling by 55/- b/d and Iraq output down by 60/- b/d last month. With the Norwegian strike still imminent pressure is on the upside.
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