"Scott Russell expects Range’s rigs will soon be turning around the clock in Trinidad, following the investment into the fleet, and as a result he expects production to ramp up to the 1,000 barrel a day target in the first half of 2015. Once there, the operation will be approaching something close to optimal performance with improved cost management enhancing cash-flows further."
Can someone please explain what the last sentence means... "Optimal performance".....
Are they saying a 1000 barrels a day is the max...? Many thanks..
is required here at the moment. Admittedly we haven't exactly been overwhelmed with updates the last couple months, but do the current management really deserve all this flak when all they have done is come clean on all the past shady deals and admit we were too skint to complete recent drills. they have managed to get a loan, which will be unfavourable to us shareholders if repaid in shares,but if the drill results pick up,at least there will be money to repay this loan and the uncompleted drills can be put into production quite quickly for a start. As mentioned on the RRL boards, it would seem that RSR would rather raise finance elsewhere, than give more profit to LO by using their finance.
Interesting that when you get challenged you forget to be the semi-literate poster and use perfect syntax and punctuation. Even native English speakers often don't use the apostrophe after the s when referring to plurals.
4 million buy ......................nice to know someone has confidence.. fed up with the gloom and doomer.s .please give Rory a chance......................come on we are has good as LGO....................lets proove it to DL.... come on RSR.............................
I totally agree with that. Do you think Rory the saviour of RRL and all men on Earth deserves his bonus and vastly overinflated salary? These dogs of companies should be performance based pay only in my opinion. Once again the little private investor guys gets shafted. This share should carry a massive warning sign on it.This is not the only one on AIM though. I am really sorry for the guys that are down a lot of money here.I know a lot of good people that are in here and it is a disgrace what they have had to put up with.
"Scott Russell expects Range’s rigs will soon be turning around the clock in Trinidad, following the investment into the fleet, and as a result he expects production to ramp up to the 1,000 barrel a day target in the first half of 2015. Once there, the operation will be approaching something close to optimal performance with improved cost management enhancing cash-flows further." Can someone please explain what the third line means... "Optimal performance" Many thanks..
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