texas is the kicker, page-9

Nice post jr, just thought i might give you some back up.

First of all some negatives,if texas is a dud and no drilling in puntland cannot raise any money well bye bye rrs and shareholders capital,really that is our risk we should know that.

Positives, Texas starts producing and rrs has some cash flow. Aoi drill in puntland and find the oil that has been speculated to be there from old seismics and new.

When billions of barrels of oil are spoken of that is truly momentous.Esso-Bhp have produced approx 4 billion barrels of oil from Bass Stait over the last 40 YEARS, yes it has taken 40 years to produce that much and generated billions of dollars of profit and billions in taxes.

Many people have critized PL over the years and at times probably justified.We should also note that Pete has negotiated with two puntland govts you know we are still in with a chance. He prevented MP from handing over range's autonomy to Rick from AOI,Texas may well be ok and then there is Georgia and offshore.

Here is my hypothetical, range goes broke PL is out of a job = no more salary and probably no more directorships.

Aoi drill in puntland discover the speculated oil and then Pete is a legend not only to rrs shareholders but just as importantly to every major oil company.They will be knocking down his door to get to him and range.

Take your pick positive or negative it's eveyones own choice, the sharemarket is a casino place your bets.