UK 05:55 Tuesday, 6 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
After eight years, tens of millions of dollars spent, the building of an “airport”, a failed two well drill campaign, an oil to water controversy, an absurd contemplated plan to drill in pirate infested waters and one of the most hyped stock promotions in recent years Range Resources (RRL) has announced this morning that it is pulling out of Puntland. Shareholders are left with nothing, other than a greatly overvalued stock price.
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Comments
Gary Newman
Does that mean that the Puntland runway that PL raised a load of money for won’t be going ahead then?
TTT
oh what a shame.. i packed and everything.. special dvds for gappy..
Oh well back to the good ol honest Ruskie shares instead then..
Mark
Ben, the fact still remains the RRL produced/sold a lot more oil than LGO did in 2014, 27% more in fact, LGO sp in late 2014? Gullible market still exists there, so why not here!