Many thanks for that CH. Seems like another gentle blue day without any news to push us forward.
I love a comment on another board (will not dignify it more) that RSR will be embarrassed because "angry and disturbed of Orpington" has written. It concludes that RSR does not understand how AIM works when little/no news is regularly given.
Obviously, what Angry means is that AIM BOD's who achieve anything and achieve steady share growth give out as few RNS as possible and get on with the job. Several months ago, I said that these "Angries of Orpington" should put up or shut up. Either: 1. Buy more than 18% of shares and make a determined effort to take over Range and run it. They have great knowledge and technical expertise, by their own admission, can all man the rigs, and clearly have a bob or two. Or: 2. Shut up.
RNS out on Citation, looks like C18 isn't producing enough oil to be commercial, looking at Acid wash of that zone but if that doesn't stimulate sufficient flow rates will most likely move to testing C17 which is the producing reservoir on Atzam 4 Not sure why they didn't go straight for the proven C17, maybe they thought there would be more oil in C18.
I agree with your thinking on the bopd. The 30% increase in the June Petrotrin figures must be at least partly if not entirely down to Range. If we get an update RNS next week it could be pretty near the 1000 mark and if we don't get it next week then I think RSR might be delaying it for a week or two simply to reach the 1000bopd mark and an impact announcement
Personally I don't particularly think you can read that far into it. Imo, it was just a reflection of having to spend time on an unneccesary distraction, leaving more of his time free for Trin related matters (regardless of Tex/Geo).
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.