Look back a year and explain to me why we exceeded £100m MCap, yuff. What was our bopd then? AIM is a great mystery, isn't it.
As long as you say "I have a hunch that even 2000bopd would not cause MCap to exceed £100m" and imply with your "Lol" that you think your post is going to be amusing, I have no quibble at all with you. But we do have cash, we do have new rigs and we do have a US$50m credit line for our long term plan. And bond has been paid, and any Lind outstanding monies have been budgeted for - so anything less than expected from Lind settlement could be a useful cash injection.
See what happens, the trolls jump on these items and they feed problems on this board, something I want no part of. They want disruption and an excuse to get posters removed and unintentionally you are giving them what they are after.
In a nutshell, he made the mistake of selling Range at historic lows and then compounded that error by moving the money into a share that was being sold off.
I hope it works out in the end but understandably the blunder has caused such bitterness and resentment he has resorted to posting negatively here, willing the Range sp to go down (to validate his sell decision).
Unfortunately, huffing and puffing on the Range Resources discussion board is not going to help the share price of other failing companies bashers are invested in. When will they realise this simple fact!
David Renwick might help you answer the question that you and CH appear to be ducking. His article in Trinidad Express 4/8/15.
"With its exploration work in two blocks, its development drilling in three and its secondary recovery initiatives in two, Range Resources feels it has more than enough on its plate in Trinidad and Tobago at the moment.
Its true its ultimate production target is about 10,000 b/d but it feels it can get there on the back of its present assets.
“We have come a long way so far,” Cukavac opines, “but we certainly believe in the future in Trinidad and Tobago, though it takes money, rigs and people and takes a long time to be put into place.”
David Renwick was awarded the Hummingbird Medal (Gold) in 2008 for the development of energy journalism in Trinidad and Tobago.
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