To be honest 500bopd is pretty poor. It was supposed to be 600-700bopd when we first purchased it so production has actually declined. Hopefully mass drilling can be done soon rather than this 1 well every couple of months thing we currently have going on.
Be nice to get a comprehensive update soon. They must have finished the Texas well by now. Georgia must be soon spudded. I'd like to know how far down we've got in Puntland so far as well, even though the pay zones will still be a long way off (contrary to the rubbish posted elsewhere on the internet). Also some kind of indication as to when we can expect big progress with Trinidad, including but not limited to the drilling of the Herrera's.
I sometimes wonder why I do this to myself. I've made good money on Range over the past 2 years. Even my recent purchase at 9.4p, despite being too early, is now in profit. I could sell out tommorow and be well up on the amount I initially invested, and go put it in a company that actually sticks to timescales, keeps shareholders well informed, and doesn't burn through cash like there's no tommorow. But for some reason I still think there's big potential here and one day it'll come good. God knows why.
The BoD need a real kick up the backside and all the planned drills need to start happening.
RRS Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
