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Gold/Mining/Energy : Ranger Oil
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To: waitwatchwander who wrote (186)1/5/1998 2:22:00 PM
From: aknahow  Read Replies (1) of 395
 
Northforce, I don't lke the way RGO treats shareholders but find it hard to consider a dry hole in Ecuador messing up, nor did I find Angola to a case of messing up. Somehow the writeoff seems to have helped them increase their position in a small field to 100%. At somepoint the writeoff will need to be reversed since it was based upon being unable to recoup it investment in the entire area.

BTW a second well is due to be drilled on the Ecuadorian location and the first well had shows that were not deemed comercial.

Vote against management to protest their poor efforts at keeping us informed.
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