Markets next week look to have another rough and tumble unless the G20 can ALLAY MARKET FEARS OVER THE GREEK DEFAULT. One solution appears to be 'A CONTROLLED DEFAULT'that may help give the markets some clarity and sense of direction.
http://www.dailymail.co.uk/news/article-2041522/Bank-France-chief-denies-1-7trillion-backroom-deal-save-eurozone.html
News on Georgia may come anytime next week, in spite of the volatile markets. We must be close to TD, and I doubt if PL will be able to hold off releasing the RNS for much longer. Certainly, waiting for the markets to change course would be pointless. If we have good news waiting for us, then let's have it pronto, and get the sp where it should be, above 30c.
http://www.scandoil.com/moxie-bm2/news/range-resources-provides-georgian-helium-survey-re.shtml
The helium survey document is STILL ONE OF THE BEST reports released by RRL...IT SPEAKS FOR ITSELF....every word,every line, every paragraph has positive undertones. I never doubt the possible success of other oil companies including our own jv partners, but as many posters keep expressing on here, including oilface...PL just keeps on addddding to the value of Range.
Failure? Who cares? They can't all fail...can they?
The 'problem' I have, is NOT IF, but WHEN....and quite frankly I wouldn't bet on any one of their projects being the 'game changer'.....it could be any one, or all of them.....Just let's get the market turmoil behind us and then we'll see Range showing us what they are capable of!
There is obviously a lot of oil/gas to be found in Georgia...these two articles makes interesting reading, for 'doubters' of the Georgian potential.
http://georgianjournal.ge/index.php?option=com_content&view=article&id=5292:oil-show-&catid=4:economy&Itemid=6
http://www.geoexpro.com/article/Georgia_Oil_in_the_SubThrust_Zone/f58f02e8.aspx
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