Preempt you had best read the agreement between AOC and...

Preempt you had best read the agreement between AOC and Range.

"Range are free carried...with no debt"

This is simply NOT the case!

On either basin once AOC have spent $22.5M on exploration Range has to pay their percentage of the future costs of that specific basin.

Assuming Range always believed AOC would drill Nugal, then spending $22.5M would not have been a problem as no seismics costs would have been incurred, however the game changed once AOC played the Dharoor card.

In the current market all shares are being slaughtered, but when fear is in the air it is said its a signal for change.......I am obviously no hero.

However currently selling is minimal dollar value, obviously no buyers. Hence any good news is best kept on ice in this market.

Glad to see someone knows how to spell MS

And as for AOC, are they actually all that cashed up??

Maybe not as much as we think!

However the game is very much far from over.