africa renewal of puntland license questioned, page-10

So you think if I agree that Pete did one thing well, it must mean I completely support everything he does? Think again. That facility deal was one drop of good management in an ocean of bad management.

Disappointing quarterly report with regard to the high cash burn and low revenues generated from Texas too. 2588 barrels of oil attributable to Range was produced.

2588/90 (90 days per quarter)= 28.75 bopd attributable to Range.

Given our 22.5% interest averaged across the 2 wells, that gives an average flow rate for the wells of 128bopd.

Divide the 128bopd by the 2 wells we have, and that's an average of 64bopd per well. Quality revenue stream, eh?

I also noticed the classic Range line in regards to the helium report- 'expected in the coming weeks'. Just what does 'coming weeks' mean in PL-speak? Back last January we were expecting the Texas reserve report in the 'coming weeks', and that didn't arrive until May!

Georgia mobilisation won't be happening until March, maybe April IMO. The timescales just don't support it.