pretty sure thats what I said but you said it better. It's cetainly what I meant.
I believe Range can sustain a mkt cap. around A300-400m on the back of expected cashflows from America's and T&T plus positive expectations on Georgia and Puntland (ie mobilisation news) so that meets the current targets for the SP but anything more than that requires a real find. All the comparisons to GKP etc are lovely but they found something and thats what rerated it - if we find something I have no problem talking about 30p and 40p and 50p but not now.
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