Agree TA, Except for Georgia, as this will be a far longer process to sell to market as what is suggested (18 months), IMHO. Coal Seam Gas requires a lot of wells to be drilled and dewatering can take a long time (many months, sometimes years) and requires good water management as we talking multi swimming pools in a very short time to offload. Delays due to environmental concerns is another factor. To go to market I am thinking four or more years time lines. I have been in 'Eastern Star Gas', 'Bow', 'Dart', 'Metgasco' and 'Arrow', to name a few over the last four years and there was no quick fix there either. The only thing I can see happening in 18 months is a sale of the found reserves at that time to someone who would like to sell the gas to market. Hope I am proven wrong... Anyhow, I am very positive about Range, but it will be no quick fix apart from commercial oil finds.
RRS Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
