Please let me know if I have read this incorrectly:
1) From the Open Briefing...
"....and add 100 million barrels (Mmbbls) of additional recoverable reserves." (re: Trinidad)
2) From the Oil Barrel article posted by Wirralfinance:
"On a full discounted basis, they estimate that the value of Range's interest in Trinidad is worth approximately US$17.30 per barrel of reserves (P3) at an oil price of US$85 a barrel after all royalties, capex, opex and tax."
So, let's do some maths -
100 million barrels @ $17.30ea = Very Happy Investors!!!
Again, I am just a newbie in this (been accumulating Range for about 18 months) so please let me know if I have added 2+2 and come up with 5.
Cheers, Wayno
RRS Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
