georgia parked, page-5

RR, then call me insane!

My view:
1. Boost T&T - utilise income from that to support other ventures. Its pretty much paying for itself at the moment
2. Drill Georgia (low risk prospects), and quickly move to income production three
3. Don't park Columbia (as will probably take a while to get going anyway approvals etc).
4. Puntland - once drilling completed and we know how much we are playing with, either sell, or reduce the stake in the drill (as we are only covered up for this drilling campaign - 2 holes). Use money from here for offshore or other ventures, or return to us!
5. Texas - already said they would sell, so no need to recommend!

Range should be able to acheive the above now without futher dillution - especially if sale of Texas goes through before end of year. Would further fund Columbia at that stage, plus Georgia plus Puntland!

Makes more sense to me than sitting on something and not realising its value.