RRS range resources limited

.....and this from Malcy's blog on Friday, Sept 16th. Range...

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    .....and this from Malcy's blog on Friday, Sept 16th.

    Range Resources

    Range updated the market on their situation in Colombia yesterday stating that the consortium had responded in detail to ANH and remain confident of the outcome. In the worst case they have no assets in Columbia and are advised that they are safe under Aussie law as well.
    I took the opportunity to meet with the company yesterday and am confident that they are slowly but surely continuing the rebuild phase of this process. When the final development well has been completed it will be time to concentrate on the waterflood operations which is where the 2,500 b/d target will deliver from. Whilst being seen as less transformational than development wells by some the waterflood projects when complete will make Trinidad a strong and steady business with self sustaining production and some exploration upside. Range have a lot on the go at the moment so expect plenty of announcements including publishing of accounts and operational updates. It has been a long haul but at the moment I am giving the company the benefit of the doubt.
 
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