greg smith, page-10

ok guys,

So with the help of quite a few here we have been able to nut out the "bomb shell" refered to in my initial post.

In this article...http://www.shareprophets.advfn.com/views/2904/range-resources-greg-smith-guatemala-and-citation#sthash.EPQJQnD9.dpuf

The author refers to a $25M capital requirement required to be spent on the project (amongst a bunch of other stuff).

Going through last years financials it turns out it is there. CTR aquired $18M of the requirement with its 60% purchase of LAR. At the time of the article being written CTR's requirement was down to $12M.

I have to admit that the term "loan carry" threw me and i had assumed it was a capital loan agreement which all would agree would not be a great position for CTR to be in.

Thankfully several HC posters contacted me and between JandJ, Oilman and Ricdan amongst others we were able to get to the bottom of it. I humbly express my gratitude to you guys for your assistance.

I also apologize to the holders here for any heart ache i may have caused in relation to this matter, but stand by my statement that i dont believe the link should have been posted with out explaination.

Have good one.... Lets see the Oil flow :)