Courtesy of Pearl Exporter on III - another great post!! Wow,...

Courtesy of Pearl Exporter on III - another great post!!

Wow, another excellent RNS and limited movement.

C'est la vie - you get used to excellent facts news being ignored
after a few years in RRL... )

Investors who STILL can't see what's going on here. can get spiked on
RMP for all I care, seriously, I own a few grand of RMP, but I am
really surprised by their recent form - unless there has been a
massive leak, then RMP are punching dangerously above their weight in
the high 30s. I genuinely like a lot of posters here, but anyone
prematurely claiming a commercial discovery in Puntland is delusional
at best, we are weeks away from knowing where we are are with this
beautiful drill, a few RMP holders need to start analysing just where
they think they will be if things don't work out (it's an ugly
picture). I am still crazily optimistic and the last RNS filled me
with yet more confidence, but never get too far ahead of yourselves,
guys.... I am currently in Nicaragua, so thus I have seen 'muchus' fat
ladies, but none appear to be singing just yet... RRL is underpinned
by our P1s, thus I sleep beautifully well at night in this mosquito
embracing country.... RMP are fabulous 'IF' we are successful, but the
tone on their BB currently is ridiculously dangerous - anyone
investing in RMP now at current levels is either very brave or very
######.... )) Time will ultimately tell. For me personally, if RMP
breaks 40p next week I will switch my holding fully to RRL. Simply
put, because: (Cue ridiculous bullet pointed list)

- Our P1s are worth considerably more than our SP - most companies
value themselves based on P1 and P2 reserves,I don't even have to do
that to see the ridiculous value proposition that we currently have
here on just proven assets.

- Trinidad will be valued at over a billion by the end of the year.
Yes, slate me come December, but I still think that holders
(especially on this BB) have no clue yet to the value of the Herrera
and the UC drills that are fast approaching. Fag packet calculations =
over 10p to the SP - per drill for the each Herrera prospect alone
(there are multiple, even more since our deal with DL). And the UC
layers - my god, anyone not familiar with the geology of the region
and the Orinoco belt need to get reading fast...

- Herrera CPR due any day now....

- Offshore Puntland, worth multiples off onshore and RRL free carried
until drilling. Seriously, we are worth more than the current SP based
just on this monster of a licence. We are talking 20 Billion barrels +
here... Ridiculous quantities...

- Colombia, about to kick off it would appear,,,, I think a lot will
be surprised by the size of this and the production value currently in
place.

- Texas, after yesterdays RNS, I am convinced that we will sell this
asset for a minimum of 200M in Q3, perhaps a lot higher depending on
the P1s etc....

- Georgia, the black sheep of our portfollio that we ignore a little
too much now... ) Second well to kick off shortly, and I am convinced
that there is something very dodgy about our P+R announced for the
first well , a lot more to that than we know me thinks....

- Tangiers?? I am personally expecting our 5% stake to grow
dramatically in the coming weeks....

All is good at RRL currently - don't get bitter when others rise
faster than us, our time will come, of that I am more convinced than
ever, Patience and beautiful fundamentals will prevail....