MHL 0.00% 0.3¢ monitor energy limited

Hey,Range (RRS), the company with a 10% in the Trinidad project,...

  1. 62 Posts.
    Hey,

    Range (RRS), the company with a 10% in the Trinidad project, today raised their estimates to 4000 BOPD based upon known P2 data.

    http://www.asx.com.au/asxpdf/20101118/pdf/31tyyx8mzrnj4w.pdf

    This is without taking in to account the massive P3 data. The deeper Herrera formations look like they could be massive - and at a rate of $25-$35 per bbl post tax / royalty this is looking increasingly like a great project.

    Also, a Range Director, Anthony Eastman, speaking at an Oil Barrel Conferenece in London today said that once the paperwork is tied up (when MHL get their finances together) that future exploration drills could proceed 'within 30 days'.

    Good luck all...

    )
 
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