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World Stocks

Range Resources

Petrotrin/Heritage

(ASX:RRS / AIM:RRL / PINK:RGRLF & RGRYY)
Informed Discussion. No ramping. No deramping.

Petrotrin/Heritage

Post Tue Jan 15, 2019 10:47 am

Could this extract from today's Trinity RNS give a clue to our current rise, Petrotrin or Heritage as it will be called are close to sorting out their restructuring:

"As previously stated, the Trinidad oil sector is going through rapid transition with the restructuring of the former national oil company, Petrotrin. To that end the new national oil company, Heritage Petroleum Company Limited came into effect on 1 December 2018. Whilst the transition has been relatively seamless in regards to production supply and distribution there has been some delay in the timings of payments from Petrotrin as a result of the restructuring exercise, with the result that receivables have increased by US$5.1 million at the year end. The management of both Petrotrin and Heritage have been in close contact with the Trinity management team and have provided the requisite comfort that all revenues will be received in full during 2019."
Celticheart07
 
Posts: 261
Joined: Jul 2013
Location: Wales

Re: Petrotrin/Heritage

Post Tue Jan 15, 2019 5:21 pm

Two new companies to replace Petrotrin:

hxxp://www.looptt.com/content/two-new-c ... n-unveiled

The future for Range could be very bright indeed
Celticheart07
 
Posts: 261
Joined: Jul 2013
Location: Wales

Re: Petrotrin/Heritage

Post Wed Jan 16, 2019 6:18 pm

What, you mean some "gamblers" (can`t call any of us investors), might get back to only 90% down (rather than most being 99% or more). In which case, i might be able to buy a cheap weekend away, rather than a good meal with the £6k i threw at this pile of pooh!!!!!!!!! Bejasus!!!!!
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enfranglais
 
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Joined: Oct 2013

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