RRS range resources limited

stick to what you believe based dyor, page-8

  1. 62 Posts.
    I would agree with what we know as things stand, DS. Most would happily take that NOW - but things can change very quickly as we all know...

    To get the SP to 20p new information will be released which will increase PI's confidence and expectations of where the SP can get to.

    Puntland mobilisation alone I believe will get the SP in the mid teens. So, then what happens when we also get a date to drill for a multi million barrel play in Georgia (2010), or TT starts drilling towards it's target of eventually 3500 BOPD (2010 start), or third NCR drill scores again (2010), or reserve report on RB-1 gives the full extent of new pay zone identified (2010)... etc etc So much, so soon -

    Basically, just trying to say that the news that pushes up the SP, will equally keep pushing expectations and exit points / top slicing to a higher level....

    A 20p exit price on what we know NOW seems logical with risks in play / doubts on events happening etc... However, imminent news could easily see many PIs review their exit strategies...

    )
 
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