The most ominous signal is the lack of potential JV's. Ya gotta ask yourself;
If Puntland is as prospective as we believe, why aren't those majors that were in Puntland in the early 90's knocking on Range's door?????
KNOC did the D/D and didn't go ahead.
Why did Range then have to sell the farm?
If it's that damn good, why aren't the majors fighting each other for a slice of "The Last Major Hydrocarbon Field" on earth.
Makes you wonder?
However …………………………….
IF, and it's a huge IF, Range get Canmex over the line ..... it will prove that a major of international standing also believes that production is possible in Puntland.
Shortly we'll know. Still doesn’t address why the lack of international interest for a measly $50mil, which is peanuts.
You either go broke, or the FPO's go to 8 cents short term ..... 10 cents????? ..... with the oppies right up their clacker.
Add the AIM/Dubia listing and the first drill !?!?!?!
It's deservedly a 20 bagger ...........
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
