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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