Following on from the mass of emails regarding the inherent value in Range, today’s announcement can only help the company with their first drilling success in Trinidad. Range have As part of the initial 21 well drilling program discovered the presence of “roughly 145 ft. of net oil pay in the shallow Forest Formation, an established producing horizon on the block. Casing is currently being run in the well in preparation for production testing next week.”
It will only get better and better for investors as this campaign evolves. The obvious fly in the proverbial ointment is of course the current Global uncertainty. However those companys that continue to perform well (and Range are expected to be one of them) will as of common sense steady their sp and rise on the upturn. There’s masses of good news in the pipeline as you’re all too aware. The recent fall to 7p looks like it was a terrific buying opportunity that was to all intents and purposes missed by the vast majority of PI’s. Myself included. Although I never sold and continue to have full confidence in Range. It’s all about basing your investments on the fundamentals of the company. Just because the USA and Europe are making a pigs ear of their economies shouldn’t sway you from your belief which is based on good fundamentals here. Another riser against the current tide.
Stick with your gut feeling as it should be based and fortified by why you invested in the first place!