IF it turns out Range may not have to rely on Puntland alone for future revenue stream. As part of a farm-in agreement in the year 2009+ they might start getting a decent % of some producing real estate for a small % of Puntland!
If you think that's a possibility, then it begs the question as to why a BHP didn't front up with a measly $50mil (over 6 years) which they could have snipped from petty cash!
It's a long term hold ...... real long! Oppies good-night!
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held