I initially thought I will dump this soon as its Relisted and hoping we had a bear squeeze. Well thinking about it and forgetting the zillions of shares in issue a consolidation obviously on its way, the thing that strikes me is that this is probably as safe as we get Funding in place, Debt sorted and forgetting for now the Landau connections Chen has certainly played a blinder, a week ago I had written off £200k at least we have a chance now think this will start moving whe news like below gets out.
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From the AdFn BB News expected soon on 3 wells should help things along
abrahe00 9 Jun'15 - 09:11 - 917 of 929 0 0
"In addition, Range provides the following update on the previously drilled South Quarry development wells:
-- The QU 454ST well encountered potential oil bearing sands in three zones and is currently being tested from the lowest zone, which is expected to be completed by the end of June;
-- The QU 455 well is scheduled for optimisation in June; and
-- The QU 456 well has been perforated and testing operations are expected to be completed in June. "
IF these come good and they hit their 1000 bopd target, then I think is reasonable.
AIMHO...
RRS Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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