Posted on Youtube this weekend a well-timed interview designed maybe to coincide with spudding of the Vani3 well in Georgia which hopefully went ahead as planned.
https://www.youtube.com/watch?v=_e0X2ZLOCFYThis could be the start of a campaign of steady news-flow based around increased milestone activity to re-position the company share price.
The following response by Pete Landau answers comprehensively the question many share holders' have regarding cap. raisings, draw-downs etc.
doc.
Interviewer Question - "....What chances do you think investors will see a a capital raising in the near future?"
Pete Landau. "Define capital raising, define near, define future. At these levels with a crappy market clearly we're not going to blow Range's capital structure out. We don't have to. We are fully funded to do what want to do in Trinidad, Texas and Georgia at this point in time, and even Somalia to an extent in Puntland.
So we do know we have had a number of offers to provide both pure debt, convertible & equity to the company. Now if we do want to institutionalise Range, because we are a predominantly retail stock we are going to have to bring in some institutions at some point in time. It's not going to be at these levels, and we aren't talking hundreds of millions of dollars, were not talking fifty million dollars. Given our market cap we can do what we want to do with very little dilution & obviously dilution will be for the better. If we are going to start to be covered institutionally by some institutional brokers in the UK you do want to give the institutions some sticky stock. Now it's not going to be big levels but right now, we're not going to do it right now, because we're like the rest of the market, at a low we don't want to be. So in the immediate future, no but it's not to say we won't not going to do something moving forward if market conditions pick-up. If they don't pick-up we will probably stay where we are, ... potentially look at a bit of debt because we can absorb a debt but at this point in time we have a lot of people who want to be involved, but we don't want to do anything silly, based on what our expectations are from a share holder base. We've demonstrated to a point in time that we manage it pretty well and I think we we will manage it pretty well moving forward."