pathetic t&t update..., page-35

Since no one responded directly to what RR said - 1000bopd is only for Trinadad itself. You are basing your valuation of Range at 1c purely on that along.

Texas by itself if we can get $200m for it (not sure if that is the current value - but less than what they have previously said) - that equates to 8c per share.

If you don't count T&T that leaves 3c for Puntland, Georgia, and Columbia. Adjust that if you think Texas worth less than above.

So to say its going to 1c is absolute nonsense! And no I'm not de-down-ramping. Just been realistic. Have a little patience people!