Celtic said the same thing to me over 3 years ago, when he predicted range were producing 1800bopd and I laughed at his optimistic estimate. Strange how the rampers always say "come back in a couple of quarters" and it will be all rosy......is that the best range can do? You'd think they'd learn thatveveryone running this company will be taking a nice slice of the pie all at shareholders expense, dangling that carrot of THE fantastic production uplift, further down the road, let's get that finance package through before we see results of drilling and water flood and we have to pay LO BACK
Just shows how the subconscious mind works. I meant busy, and I'm not hoping for bust. I'm not even psychic, but I guess a certain welsh gentleman will say this RNS is brilliant, when it actually says everything is delayed. But a few coloured slides and a chart or two are all he needs to justify his deluded ramblings.
Range hasn't changed one bit and investors, like yourself, continue to increase your losses. Range will go nowhere, it may spike one day but all the companies in Trinidad prove that it is difficult to make any money unless you have deep pockets and can drill offshore, range can do neither. None of these companies bailing out range, from their precarious financial position, will be doing it gratis. Shareholders will end up footing the bill. I doubt range will be trading by q1 2016 having been taken private by the Chinese, after you lot vote them total control at the end of next month. Not that you have any choice.....lol
Bricket's post was fair, yours is pretty well nonsense. I think you are going to be very disappopinted also in Q3 and Q4. So why not pop in again in Q1 2016 and actually taste some of jam promised in these quarterlies. Range is still here and fighting its corner hard - be surprised and delighted for a change.
Not sure if you understand how oil companies work but it helps if production increases not drops. 13th may production was 650 bopd, now it's 608bopd, oil price 20% lower. I'd like to post this company is going nowhere fast but it can't even do that! Funny how everything is delayed until after the EGM in terms of drilling. Nice how they refer to cash flow positive but never actually give figures, suspect if they had to pay LO, for their services,they wouldn't be! Another set of disappointing results. production needs to rise 15% to reach the total they were producing 4 years ago......shocking!!!!!!
Your post seems quite fair to me. Was v pleased with the style and content of a v thorough set of quarterlies. It is jam tomorrow, but at least now we can smell the strawberries being boiled.
Was pleased to see Yan Liu is being offered loads of options. I cannot see he has done anything yet apart from a couple of sign-offs, but clearly the BOD has confidence he is our man and hopefully he is about to take centre stage and be seen to be driving things. Also Lind will put a few theories to bed and Nick has got finance looking fairly strong and resilient.
On negative side, I was surprised to see everything shoved back a few weeks with no real explanation. A few apologies at Q&A on 15th wil go down well. For example, 4000m rig officially left in June for arrival in August. and spud appears to have been w/c27th July and now isn't. And still no clear June production unless you have a degree in maths. Just a simple figure - 650bopd in Trin, 680 overall would have been helpful (is it something like that?)
This looks mightily professional. Shares valued at 1p to 1.2p which will not please some, but delights me. Looks like we are going places at last. Bopd up 8% in Q2 compared to Q1and it looks therefore as if Trinny production for June was about same as May - which pleases me with Rig 6 presumably not contributing.
This evenings late sell off means that tomorrow mornings opening looks particularly dire from my point of view. IMHO I can only envisage an appalling BOPD figure for June followed by the usual promises of jam tomorrow. Good news would most likely have been leaked. That said, its fingers crossed and who knows, we might just have our own rabbit and a hat. Unlikely - but you never know.
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