The below is from Malcy's blog, who reports on oil players in...

The below is from Malcy's blog, who reports on oil players in the UK.  I think he has a good insight and provides balances perspectives.

Range Resources

Annual report for year ending June 2016 this morning from Range which saw the underlying loss improved to $17.4m on revenue of $7.1m. Announced mostly previously are legacy issues and non-core assets as well as the carrying value of the assets in March. Range has had an 11% increase in 2P reserves to 24.4 mmboe and its production is set to increase dramatically as it focuses on their key waterflood projects and its forecast of 2,500 b/d by the end of 2017 is still intact. G&A costs are down 66% this year and with a strong balance sheet, $21m of cash and LandOcean funding the Trinidad work programme look set fair to at long last justify optimism. With most of the historic junk hopefully consigned to the bin and supportive owners who have made it clear that transformational acquisition projects that deliver near term production would be welcomed, they seem to be focusing the company on turning round performance and creating value for all shareholders which must be good news.