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Gold/Mining/Energy : Range Petroleum--RAN:VSE -- Ignore unavailable to you. Want to Upgrade?

To: the eagle who wrote (65)	1/19/1998 9:51:00 PM
From: rdww	Respond to of 96

the loss of the drill appears to be a bad - poorly executed IR move. They could have a) cold feet that they weren't going to hit or b)they are acquiring more property and a good hole would have driven up the cost of the proeprties that they were / are looking at. What impreses or intrigues me is that they have taken away from AMOCO and PCP some very smart people. These guys/girls didn't come in blind. They had a look at the data or know what RAN is after. All of them took pay cuts to join and got options. Since the options aren't in the money right now - it's not likely that they are cashing out as we speak. This is what makes me feel/hope that there is a master plan going on here that while frustrating today - will be rewarding downstream. RAN is probably in a void now till Apr 98 - but it appears that they are acquiring more land and opportunities. They are aggressive much like Stampeder was when it started out.