RRS range resources limited

relative valuation vs rmp, page-9

  1. 201 Posts.
    Smart,
    I hold 2/3 RRl, 1/3 RMP
    So when there is a comparison between the two then how can I be biased?
    We gave our 3 best targets to AGI to have the helium tests done on and we've received positive results for all three, albeit 2 are very positive and the 3rd not so much.
    If we drill dusters on the first two drills then who will be holding their breath for further drilling results in Georgia? Will further drilling in Georgia be ratified by shareholders? Will the BOD want to drill further in Georgia or spend the money they are accumulating now on Puntland, offshore Puntland or the Left field that is being rumoured at the moment?
    Do you not feel that Strait, RRS/RRL and RMP are pretty confident about the Georgia plays as Strait have gone and got a further license for block VIII?
    As you say oil is seeping in Georgia and basically it boils down to each persons tolerance to risk.
    From elementary Economics to Masters in Finance you will be taught " the greater the risk the greater the Reward".
    Let's just leave it there Mate.

 
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