RRS range resources limited

i only rrs owned this puppy!!

  1. 1,862 Posts.
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    Allegedly PL wanted to get the Guatemala's asset before CTR's involvement, but was stopped by his own board, hence Range building a initial small stake only.
    Since then, they managed to get a higher percentage and 20% of LAR.
    This initial refusal of Range's BOD, they must regret now, as this would have been their turn around to greener pastures, instead of sinking on a daily basis to greater depths with a junk yard of old and not working rigs, who require so much maintenance, that they haven't been drilling for months until January.
    I still believe, that in the rare event, the Texas sale (likely with a new buyer) will take place and the proceeds are banked, they will still have a go to get their 51% ownership of the project.
    After all, that was the initial plan between the parties.
    That is how good our asset is IMHO.
 
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