Once again we had very brisk trading on the AIM today in the UK with Range closing up 2.6% at 6.5p and 22million trades. Range is trading up on expectation that the fraccing of Smith has been very successful as its taking them a long time to open the choke due to high downhole pressures. Any upside in the production at Smith would make a real impression on the SP . We are also awaiting an RNS on the RB1 well production rates and the seismic results from Georgia. We may also here soon of the next spudding on the Chapman ranch as they will want to capitalise on their success. An amazing amount of news flow due over the coming months which is unprecedented with an oil stock of this size. The beauty of this share is the well balanced portfolio and the managements skill for spotting a good deal. Good luck all and watch out for the Smith RNS!
Ts
RRS Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
