RRS 0.00% 0.1¢ range resources limited

"Fractured stateUndeterred by the negative headlines generated...

  1. 1,269 Posts.
    "Fractured state

    Undeterred by the negative headlines generated by piracy and suicide bombings, oil companies with acreage in breakaway Somaliland and Puntland remain committed to their exploration programmes. Prime Resources plans seismic in Somaliland next year, while Ophir Energy is processing its newly-acquired data. Canada’s Africa Oil aims to drill in Puntland’s Dharoor valley in 2009, as well as shooting a 2D seismic survey offshore – albeit with an armed escort to protect it from pirates"

    IF its correct that AOC is to shoot a 2D Offshore program then it helps to explain the alledged warm and cosy current feeling between the two parties

    IF AOC really are to undertake this program it then suggests Lukas Lundin must be financing via his Tanganika sale and would also suggest some agreement regarding drilling schedule of Dharoor must have also been agreed too, IF this story is correct.

    Wouldn't it be nice to start off 2009 actually believing Range rather than the BS that has put over investors to date.

 
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