conned by who, page-49

AOI, 18.4 million shares (FD)x 6 = 110 million

RRS 200 million shares x .15 = 30 million.

Difficult to compare the relative value,

onshore oil, rrs 20% aoi 80%.

But, add to rrs 100% offshore oil and minerals.

While they will be JV with others, it is not something which AOI will be relatively benefit from.

So maybe RRS have 20% of onshore, 20% of offshore, 20% minerals?
If they are all of equal value, then maybe it could be argued that while AOI are of relative value 80%, RRS = 3x20%= 60%.

But what other JV percentages will be, and what they are worth cw onshore oil, unknown.

But, there is a case to argue, that they should be in the same ball park.

Certainly, the trend should be the same, and not, reflects one big bounce coming IMO.

The problem, as pointed out is the effect of all the poisonous fear mongering that has been getting around.

If you had faith in the beginning, nothing has changed.
IMO, seize the day, and you may tell all when you picked up RRSOA for 6 cents and heads for 15c.

There will be those who with tissues in hand, may reluctantly admit to having been those who parted with them for same.

And there are those that have asked what will turn this around.


First the selling pressure is drying.

Second, common sense.

And how would the announcement of the offshore oil JV go?

When will that be?

WHat price will those who have exited be scrambling back in on the pre-open have to fork up.

cheers.