RRS 0.00% 0.1¢ range resources limited

texas production , page-2

  1. 478 Posts.
    Not sure about the gas, but the oil figures aren't great tbh. 4960 barrels of condensate= 165bopd a day. That's still quite some distance from the 320bopd target at the start of fracking these wells.

    It doesn't matter hugely- what really matters is proving up the area so we can sell it- but it aint really a 'strong month'.

    We're getting 80bopd attributable to Range from those 2 wells combined. Even at a profit of $30 a barrel, that's still only $864,000 over the course of a year. Texas isn't going to make anyone rich anytime soon.

    Hopefully the asset will be sold next year and the money used to get drilling Trinidad, where we have a 100% stake.
 
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