Recently on the range board there has been talk of Range owning 50% of Strait oil and not just 50% of the two blocks 6a and 6b, consequently they would end up getting 40%(because 10% has been farmed to RMP) plus 20%, their share of strait oil of the revenues from Georgia. Does anybody know whether RMP have a similar deal with Strait or are they just in it for the 6a and 6b blocks? Could the additional 2m shares issued to Strait be because RMP have been given the same deal as Range or because RMP are going to be included in the farm out of the new block VIII?
RMP Price at posting:
24.5¢ Sentiment: ST Buy Disclosure: Held
