Rig 2 was the only rig drilling in May so that was a quick turn round and sometime this month we should get an update on Trinidad.
To have 5 development rigs working is excellent and hopefully the increased cash-flow can be used to get rig 7 all the parts it needs. Presumably they will be working on it since they will not want the engineers doing nothing although if I remember correctly they were working on 3 of the 6 production/swab rigs.
Thanks Lewis for the advice although I am probably one of few who can you read your post as if I remember correctly you are blocked by a good percentage of people on here. I do try and limit my posts to times when I think we need a rns to stop the share price falling by what I may add is a large percentage after the Q2 report that malcey says could have been misunderstood, well to me in the experience I have in drilling I would like RSR to put my mind at rest at inform us what is going on and how we are going to produce more oil from these wells in Trinidad before the years ends as we did not do that so far or are we in fact just waiting for an asset sales so we can actually make any head way in Trinidad on new wells if that is the case we are a long way off then this share is sure to fall more. I would not like to see new investor falling into the same trap I did when I first invested in hear I have had money tied up here for a long time and was lucky I was able to average down and gain profit for the substantial rise in share price. I do see the good RSR and team have done for RRL as we must have been nearly finished as a company but like others would have liked something in place to stop all good feeling for the company disappearing again. I must also add if we are near completing the sale of one or more of our assets I will feel a little different and I am sure the market will as well living in hope.
He states only rig 7 needs work... so 5 out of 6 drilling could lead to strong improvement in the coming months.
As for rig 7, I am 90% certain that this was cannablised (sorry spelling) to get the other rigs turning. As such, in the absence of funds from Georgia, Texas etc, I would doubt this will be back on time any time soon.
Lets hope the 5 refurbed rigs can make up for some lost time.
Couple of questions: Does anyone know of a good stockbroker who would allow me to trade on a wider range of markets ie. I was looking to buy some BCN on the TSX V prior to listing on AIM, but because BCN were not on Crest there I could not do it via III. Also maybe access to Indian and China markets...?
Also how do you find a stockbroker that can buy for you when stocks are listed rather than having to wait for a 200% rise and then to buy?
I was waiting for this. All the breakdowns and daft drills under PL is well (excuse pun) behind us. Now start drawing the graph to meet the targets. Better brains on the case now on more than one front - quote MGW
There is much positive news from LandOcean, they are more than living up to expectations and putting money into projects, for Range having a keen, low cost and incentivised Chinese operator is critical as that aligns with their own requirements.
Overall I am very happy with my position on Range, this year has seen more achievements than one might have realistically have dreamt of as a shareholder and there is more to come. Rory will be doing another webcast next month as part of a quarterly update programme and he has agreed to do a CEO interview with me on TipTV so watch out for that.
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