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nice [email protected], page-29

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    Just to add, before I like to stop about this subject, is Kev's comments on WS, a few minutes ago:

    Re: Nugaal in dispute
    19 Jul 2013, 17:20
    Whatever Ivan thinks I see CTR as part of the Range fold, it may not happen overnight and it'll be done in such a way to delay the requirements for a formal take over as long as possible. But given the affiliations and men behind the game I'm as sure as I can be not only will Guat be a Range asset (as PL actually wanted from day one but was advised to go along the third party route) it'll also become the vehicle by which we see the Puntland assets monetised, ala AOI and Horn Petroleum, with a eventual in specie transfer of the stock to Range holders.

    Negotiations In Russia will have a large bearing on timings for all this though IMO so we should get more of a feel for timing in the next few weeks. It's just a case of positioning oneself at in preparation for the good times.

    Just to really throw things into the melting pot I'd say it's not inconceivable exposure could be increased in Puntland with the absorption of another sister company once the board find themselves with a positive cash balance regular positive cashflow and the Puntland assets undervalued.

    Kev
 
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