Imo, Range had to be sold, excess to requirement in the medium...

Imo, Range had to be sold, excess to requirement in the medium term.

To finance future exploration, 2 new develop wells at mereenie and 2 new production wells at palm valley as well as progressing "subsalt exploration" they obviously need the money.

I really do think the subsalt exploration is more important then holding on to Range, according to the anns 3 targets are ready to go.

"Drill-ready sub-salt targets• Jacko Bore-2: lateral designed for flow testing of existinghelium discovery (9% measured helium)• Dukas-2: targeting fractured basement through thinner salt• Zevon: Large prospect in North West, on strike with Mereenie"

The market will look at CTP more favorable imo, the sooner they can get the jv re-structured and start drilling, untill then, just rely on the ngp and hope there are no more outages, in other words not much going to change in the near term.