Ann: Atzam 4 - Project Update , page-34

I like this part from the updated RRS's research note:

"Guatemala represents a modest part of Range’s portfolio, particularly with the proposed merger with IOP in
mind. However, the news from Atzam #4 continues to impress and the likelihood of additional untested yet
productive zones on the field indicate that there is substantial upside from Range’s investment in Guatemala."

This says the current production increase the likelihood that other untested zones will produce oil. If they could perforate the other 13 ft of C17, we would have twice the flow rate. Still C13/14 to come into the equations. I will email Sophie about considering shareholder share placements.