Range has returned from a long suspension and whilst the inevitable selling by investors who had been waiting for this opportunity to happen has occurred I think that when the story is told about ‘new Range’ it will be quite interesting. At the moment there is a well drilling on Beach and I expect the waterflood to be delivering about a third of production going forward.
Expect plenty of news in the new year, a full update on the Indonesia asset should be forthcoming and of course a detailed update on the Trinidad work programme. Along with how the drilling company is going to fit in and create value for Range, complete with a corporate update and an analyst visit 1Q there will be much to hear from the company.
RRS Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
