interesting post from the iii board, page-4

Just to correct part of that above post:
"Range now owns 15% of this project of 20+ wells that need work overs."

That is incorrect. Range owns 15% of the ownership interests in the holding companies. Actually the announcement on 12th July, said only 10% - so I wonder how much they actually paid for the extra 5%.

If that is the case, then Range will own 15% of a $90m company being worth $13.5m. Not much considering the market cap of the company.

Would have been nice if we did own 15% of the oil production as that would equate to around 660kbls of oil net to Range. Anyway minor point, but still think this should have been announced by range.