I think it makes perfect sense for the company to point out the enormous potential of Puntland during the numerous presentations, while carefully controlling the timing of any real buying by using a cloud of uncertainty by presenting distorted negative publicity through allied media outlets. The presentations will certainly pay off at some stage of the game.
Perhaps it is not all about accumulation as you say, but about containment and controll until all the pieces are carefully put in place. Firstly, it averts the attention of potential predators at a vulnerable time in the companies development. Secondly, it keeps competing parties off the scent and thirdly, it ensures that when the time comes to spud the first well, Range will be well and truly on the radar of most of the chosen institutions. The ground work will be done, the risk will suddenly look greatly diminished and the oil will be ready to start flowing.
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held