RRS 0.00% 0.1¢ range resources limited

Well, you can add me and Malcy to the list.Below is his...

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    Well, you can add me and Malcy to the list.


    Below is his perspective:  

    Range Resources 

    Range has announced its quarterly activities report in which it shows average daily production of 594 b/d of oil which is still below the company’s expectations.  The Beach Marcelle waterflood project expansion is underway which will increase the number of active producer and injector wells and over 50 workovers and reactivations are planned before the end of the year. The management admit to being ‘disappointed’ with the delay in the infrastructure upgrade programme and the knock-on effect it is having on the drilling programme and production in Trinidad and hope to complete the upgrades as quickly as possible. It is disappointing but there is clearly value to be unlocked in Range but shareholders are going to have to be patient yet again but despite the delay real value does look achievable in the company long term.


    https://www.malcysblog.com/2018/10/cairn-far-range/

 
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