I have kind of resigned myself to the fact, more so since the AGM QnA and other feedback, that the drills are nothing more than a sideshow.
I used to know off of the top of my head the full scope of drills, targets etc from the past (over the 6 ish years Ive been around)
All of the name changing etc lead me to let my research slip from the intimate knowledge I used to have to more of a view that the waterflood is the main show here and that appears likely to move the SP (excluding purchases...).
What happened to all the colourful presentations under Landau... oh wait... Ill stop before I open a can of worms.
Cheers for the help. On mobile a lot of late, makes reading and processing RNS announcements. Somewhat hard work.
MD250 and MD251 - one delivered 50bopd and another delivered gas Then we had LD-1 (or QUN 159 ) - spud 8th August 2016 , which also delivered 50bopd QUN 158R (renamed QUN 160 spud 11th Nov 2016 - hit lower TD of 2140 as per RNS on 5th Dec - testing underway GY 218 SE well (renamed GY 681 well) suppded 1 dec 2016 - td due in 3 weeks.
So should completed 5 wells by end of year , but disappointingly , we will almost certainly not hit the 500bopd the BOD was targettting and they themselves moved this down to 200bopd after the MD250/251 results
Actually British Bulls last posted a SELL on November 24th, this is their current position:
RANGE RESOURCES Last Signal:STAY IN CASH Last Pattern:BULLISH DOJI STAR Last Close:0.3250 Change:-0.0150 Percent change-4.41% Signal Update Our system’s recommendation today is to STAY IN CASH. The previous SELL signal was issued on 24/11/2016, 12 days ago, when the stock price was 0.3500. Since then RRL.L has fallen by -7.14%.Market Outlook The last pattern detected was bullish with positive implications. The overall evidence, however, is saying “Watch Out!” but it is not yet pointing to BUY.
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