firstly they are sharks not elephants.
secondly and as per normal the main point of this deal was to give lundin and his backers access to the sea, it has nothing to do with all the spin they tell anyone.
you have kenya, puntland, sudan, ethopia... and one major pipeline, he is planning for 20 years time. no point in spending several billions on many pipeline, major access to refineries in yemen to boot.
regarding RRS, yeah well it will cost a good 15mil to drill and range will be lucky to raise $500k.
i think its time for PL to go back to $50k and wait for the next party.
OLAY
- Forums
- ASX - By Stock
- RRS
- africa oil update
africa oil update, page-34
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RRS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online