"Range Resources Limited (“Range” or “the Company”) notes the recent weakness in the Company's share price and would like to report that it is not aware of any particular event that would account for this share price weakness"
Having a lend, an't ya pete.
Maybe it's got something to do with the 140,833,111 Ordinary Fully Paid Shares. 25,241,168 Listed Options and 3,333,331 Unlisted Options lieu of debt conversion and financing costs that was tacked on to the end of the Texas sale. Bringing the total shares on issue to a mind blowing 3,b shares. AGAIN.
"Trinidad, where production has increased by over 30% since April"
Wasn't April one of the lowest production months? 959 in Jan to 962 in Feb and then 832 in March to 881(BOPD) June????? 910. So well done pete for having a lower flow rate then the beginning of the year. Hmmm. Really "ramping" up
Great news that Range remains committed "in principle" to pursuing an acquisition of International Petroleum limited. After the main asset is sold off and only leaving liabilities for drilling and 2D's in far away places. Wonder what will be left after Timis and Sage have picked the bones clean.
Wasn't the $8m supposed to be secured against Russia? I guess it was one of those "good will" things pete talks about in the recorded interview. Or should I say $7,350m which seems to be recorded in the Q. $650k in fees???? Guess we will know in the Annual
Yip. Completely baffled as to the share price.
RRS Price at posting:
4.0¢ Sentiment: None Disclosure: Not Held
