for attention of smart analysts, page-12

Congrats Umfundis for great research.
It appears Rancher paid $36M in 2006 for Glenrock B and
$10M for Cole Creek, a total of $46M.
If they only produced 16,000 barrels of oil per year over the next 2 years then no wonder they went broke.
Lets hope PB can organise CO2 supply more economically and make money out of this deal.