RRS range resources limited

share price will go through the roof

  1. 116 Posts.
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    Today
    That's fab news if Africa oil are starting operations in Puntland this week. They're not hanging around now that the new Puntland government have welcomed them in with open arms. Puntland want to start pumping oil as much as Africa Oil/Range. $50m spend by Africa oil on our behalf is more than our current market cap. That's pretty significant. Also results due fron Smith still due any day now, only 2 weeks of trading days left in Jan. Our CEO confirmed again in that recent press article that well is to be tied into production before the end of Jan and he anticipates flow in the region of 3,000boepd from the well gross production. If we get a result in that range and start operations in Puntland the share price will go through the roof as a good find in Texas isn't priced in regardless of a $50m carried spend in Puntland.

    Captain Nelson Forties
 
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