History keeps weighing this one down, but I for one think this one will deliver and surprise.
Today's update: Range is pleased to confirm that the MD-251 well which was spudded on 15 July 2016 has reached target depth of 3,900 feet, ahead of the original schedule. Preliminary analysis of the well indicates approximately 60 feet net oil pay in the Middle Cruse sand. Range now intends to proceed with production testing of both the MD-251 and the previously drilled MD-250 wells during this month and anticipates bringing both wells into production during the current calendar quarter.
RRS Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
