From Yesterday's Malcy's blog: Range Resources- Its like déjà vu...

From Yesterday's Malcy's blog:

Range Resources- Its like déjà vu all over again…

Range has announced that last month’s average oil production was 575 b/d down from 602 b/d in the previous quarter mainly down to a lack of drilling. The irony of the situation will not be lost on the previous management who were ousted for not making the 1/- b/d target as the excuses remain the same. Apparently the company are awaiting imminent approval  of the water-flood project and a number of new rigs are due to be unloaded from ships any time now, I suspect that the new management will not be persecuted as the previous team  were…