RRS 0.00% 0.1¢ range resources limited

Thanks Rupe.Very comprehensive reply. It really is a no brainer...

  1. 325 Posts.
    Thanks Rupe.
    Very comprehensive reply. It really is a no brainer from here.
    There will be furious jockeying for positions when spudding takes place.

    An alternative production possibility is to pipe the crude directly to port and load an FPSO ( floating production storage and offtake vessel). This maybe a better alternative to stabilising onsite. It will enable production to proceed much quicker.
    The boxes continue to be ticked.
    The infratsructure is coming together. The project proceeds at the pace that is possible in that part of the world. Most Range share holders are desperate for the action to begin and fair enough as many are sitting on large paper losses but this project is very complex and delicate in nature. The management of Range and AOI have done a remarkable job to bring this to reality.
    Those that have been prepared to invest their capital in such a high risk venture are about to reap the vast rewards that come when these types of projects are successful. Who could begrudge those that have been prepared to take the risk.
    It will be an incredible achievement by all those involved.
 
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