Riverfort Global Opportu... Share Discussion Threads

[jonno1] 29/5/2014 20:45

traded at 8 cents in 5000 then went 6 7 now 9 15 270k traded so far...bizarre... sold a few at 08 earlier..
looks like we are closing 09 - 10

[jonno1] 28/5/2014 21:15

well I guess this is good...if there is anything worth knowing?

Range Energy Receives Favorable Arbitration Award
Range Energy Receives Favorable Arbitration Award

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 28, 2014) - Range Energy Resources Inc. (the "Company") (CSE:RGO)(FRANKFURT:YGK) is pleased to announce that, on May 27, 2014, the International Chamber of Commerce (the "ICC") notified the Company of the final award issued in the arbitration proceeding that the Company commenced against New Age Alzarooni 2 Limited ("NAAZ2") and Black Gold Khalakan Limited ("BGKL"). The Company believes that the award is favorable to the Company. The result is that the Company should have more ready access to, and certain rights to disclose, material information concerning the status of work at the Khalakan Block.
As the Company has reported, on July 20, 2012, the Company commenced arbitration proceedings against NAAZ2 and BGKL, the other shareholder in NAAZ2. The Company owns 49.9% of the shares of NAAZ2, which in turn is the owner of 50% of the shares of Gas Plus Khalakan ("GPK"), the sole contractor for the Khalakan Block. The arbitration took place before three arbitrators in London under the Arbitration Rules of the ICC. The arbitration panel held a hearing on the merits of the dispute from April 29, 2013 until May 3, 2013. The Company commenced the arbitration to compel NAAZ2 to obtain from GPK material information regarding the development of the Khalakan Block and to confirm the Company's right to disclose to the public certain material information regarding this development.
The arbitration tribunal has awarded the Company orders and declarations which support the Company's right to obtain material information as to its investments, and to use such material information (which the Company must otherwise hold confidential) to produce public summaries of the status of the work at the Khalakan Block as is necessary to comply with applicable securities laws. The tribunal awarded the Company with 100% of its costs incurred in connection with the arbitration.
The Company is not permitted under the ICC's rules to fully disclose the award.
The Company's shareholders should be advised that NAAZ2 and Black Gold each have 28 days to challenge the award before an English court. However, the basis for any such challenge is limited to a complaint that there has been a serious procedural irregularity in the arbitration or that the tribunal has exceeded its jurisdiction. The Company's shareholders also should be advised that the effectiveness of the award ultimately depends on compliance with it by NAAZ2, BGKL, and their respective directors. There can be no certainty that these parties will provide, or will cause to be provided, to the Company the information that it requests from time to time or will cooperate with the Company in its efforts to disclose material information to its shareholders.
Toufic Chahine, the Chairman of the Company's Board of Directors said: "The Company is pleased with the contents of this long-awaited arbitration award. The Company's other Directors and I believe that, because of this award, the Company will be in a better position to inform the Company's shareholders of the status of work on the Khalakan Block. The Company will continue to vigorously pursue its rights under the NAAZ2 shareholders' agreement and the remedies granted to the Company under this award."
For further information on Range Energy Resources Inc., please visit the Company's web site at www.rangeenergyresources.com.
On Behalf of the Board of Directors:
Toufic Chahine, Chairman
This news release contains certain statements that may be deemed to include "forward-looking information". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Range Energy believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Range Energy's management on the date the statements are made. Except as required by law, Range Energy Resources Inc. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
THE CSE AND FRANKFURT STOCK EXCHANGES HAVE NOT REVIEWED AND DO NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.


Read more at hxxp://www.stockhouse.com/companies/bullboard/c.rgo/range-energy-resources-inc#jlQaLXMvTDfXieHg.99

[jonno1] 28/5/2014 19:08

halted pending news

[roily] 22/5/2014 11:51

Yeah, I kind of wondered myself when it opened at 0.07. I didn't research it though.

[jonno1] 22/5/2014 09:10

Roily, saw that post on stockhouse but cannot see that move on any of the charts, e.g stockhouse ihub, or even their website etc???

[roily] 21/5/2014 14:12

Almost to $0.10 on 1.5m volume. Good to see some interest.

[roily] 13/5/2014 13:37

So the only news we ever get from them is the monthly update on SEDAR and their lack of and IR makes me question the entire arbitration issue. Several years ago people told me there was something fishy about RGO and bot were they right. I take some solace that Crest has a part of them and I suspect they are involved for a reason.

[jonno1] 13/5/2014 13:18

gave up trying, had nothing, and tried recently

[roily] 13/5/2014 13:06

Jonn- have you ever received an update from them? I have called, emailed and signed up for investor alerts but have never heard anything from them. Maybe it is just me and others are getting investor news from them, but this is one of the items that makes me wonder how this company really operates. I guess the rules of the CNSX do not require them to keep investors informed.

[jonno1] 13/5/2014 12:57

How can they do that without issuing any news or updates as to what the fxxk is going on!

[roily] 13/5/2014 12:28

hxxp://www.stockwatch.com/News/Item.aspx?bid=Z-C:RGO-2175352&symbol=RGO®ion=C

Range Energy arranges $1.25-million private placement
2014-05-12 16:37 MT - News Release



Mr. Toufic Chahine reports

NON-BROKERED PRIVATE PLACEMENT FINANCING

Range Energy Resources Inc. has arranged a non-brokered private placement of up to 22,727,272 units of the company at a price of 5.5 cents per unit for gross proceeds of up to $1.25-million. A price reservation has been obtained from the Canadian Stock Exchange. Each unit will consist of one common share and one transferrable share purchase warrant.

Each warrant will entitle the holder thereof to purchase one additional common share for a period of five years from the closing date of the offering at a price of seven cents per common share.

The closing is subject to receipt of all necessary regulatory and board approvals. The securities issued pursuant to the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The company anticipates that there may be insider participation in the offering.

The capital from the offering will be used by the company to continue to fulfill its obligations to joint venture participants so that the development of the Khalakan block in the Kurdistan region of Iraq can continue, as well as provide general working capital.

We seek Safe Harbor.

© 2014 Canjex Publishing Ltd. All rights reserved.

Read more at hxxp://www.stockhouse.com/companies/bullboard/c.rgo/range-energy-resources-inc#4rI3cxSJbH4KMXjC.99

[jonno1] 12/5/2014 20:15

nearly 3.5 million shares traded today, but price back down to 7.5 cents

[jonno1] 12/5/2014 15:44

bizarre price action 1.5 million trade at 9.5 next price 7.5 - 9.0 ?

[seaclipper] 12/5/2014 15:26

Apart from JONN01 - has anyone noticed whats going on here !!!!!!!!

Help please i just cannot bring RGO up on the stockhouse bb anymore ? anyone have the same problem ?????????/

[jonno1] 08/5/2014 17:35

wow up 64% today that's...what 600% in the last couple of months?

[seaclipper] 08/5/2014 16:51

Well something is going on here, as to why i can only assume that there must be some good news of sorts some where.

[roily] 06/5/2014 21:30

BS- you are right, I was using the USA side of my brain with the date.

[blackswan007] 06/5/2014 15:47

Roily,
From the December report I think you have misread the date...
TD was expected 5 Jan 2014 rather than May 1 2014.

[roily] 06/5/2014 13:45

While we wait for May 30 to come and pass with no news:

A review of the KRG October report indicates on pages 9 and 13 that Shewahan-1A is being drilled with DQE(hxxp://www.dqe-iq.com/home.html) Rig-051 and was at a depth of 1388 with a total depth of 3672 and they were expecting TD to be reached on May 1, 2014.

October Monthly Report

hxxp://www.iraq-businessnews.com/media/MNR_October_Monthly_Report_ENG_V10.pdf

A review of the most recent monthly report from December contains no new information.

December Monthly Report

hxxp://mnr.krg.org/images/monthlyreports/December%20Monthly%20Report%20ENG.pdf

So, not only are we in the dark but it appears that either the drilling went nowhere from Oct to December, or the KRG is not being informed as well. I realize that there could be a lag in information from the companies to the publication date and I guess one would need to gleam over the rest of the information and compare it to known news from another operator in the region to see how accurate the information being reported is.

I guess as long as we remain in a news blackout this is the best I can offer.

[roily] 01/5/2014 11:12

Big surprise, another 30 day delay on news. Much more at play here then just releasing the result of an arbitration hearing.

[seaclipper] 23/4/2014 10:31

Thx JONNO1 - perhaps with this latest drill they have a hit - hence the lift must be something, lets hope so.

[jonno1] 23/4/2014 08:30

seaclipper, no nothing, there is a little bit of conjecture on the stockhouse thread but nothing concrete...

New Age CEO Steve Lowden explains ...
(text from "The Oil & Gas Week - 16 April 2014": hxxp://www.theoilandgasweek.com/ )

As an early entrant that has maintained operatorship of its licence, how do you view the development of the region's exploration and production landscape?

We see two important evolutions. The first is the development of business infrastructure capable of supporting a wide range of operators. In the early days, oil companies had to make use of limited services and resources partly created by the perceived risks associated with a new frontier with a chequered history. The Kurdistan Regional Government has done an excellent job in dispelling the past myths and encouraging the growth of regional businesses and the oilfield services sector. The second fact that has truly evolved is the increasing confidence in the production-sharing contract model and the ability for the Kurdistan Region to export oil in compliance with the Iraqi constitution. Today there is industry-wide conviction in the legitimacy of the production-sharing contracts and an emerging plan for oil and gas exports.

What technical exploration challenges are faced in the region and how do these impact the cost of drilling operations?

New Age has been involved in drilling a number of wells in Kurdistan both in our operated Khalakan licence and also earlier as a partner with Norwegian oil and gas company DNO in the Erbil licence. We have drilled highly stressed and unstable shales, fractured carbonates and experienced pressure variations. We tried a number of creative methods to deal with specific hole problems such as bi-centre bit technology and underreaming but, like others, we have not yet found a simple drilling solution for the significant problems commonly found in Kurdistan. The net result is a wide range of well costs and in some cases missed pay or damaged reservoirs.

What current strategy does New Age employ in frontier markets?

New Age operates in frontiers where we have a prior knowledge of the geology and the politics. We fully research each business risk, from the early geological potential to monetising the hydrocarbons using extensive local knowledge, and develop detailed risk mitigation strategies. Specifically, we look for high-potential, low-exploration risk where we believe the above-ground risks will be reduced with time, which certainly applies to Kurdistan.

What concrete progress can be witnessed at the drilling campaign for the Khalakan licence?

Our understanding of the Jurassic and Triassic plays has come a long way since we entered the region in 2009 and started exploring, and our view of the prospectivity has materially increased. The tectonic reconstruction and age of surface structures are critical and the localised factors are more important than we originally thought. We have also kept the same drilling contractor setup from well to well and supplemented the early seismic with infill, longer offsets and further gravity magnetics and surface geochemistry. The play we are currently drilling on the Khalakan block has no surface feature and is an updip test from the Taq Taq kitchen.

(text from "The Oil & Gas Week - 16 April 2014": hxxp://www.theoilandgasweek.com/ )

Read more at hxxp://www.stockhouse.com/companies/bullboard/c.rgo/range-energy-resources-inc#HiLMA8zxfLkoHiMq.99

[seaclipper] 23/4/2014 08:22

JONNO1 - Any idear as to whats going on here, i cannot find any news threads for information can you ? must be some news about for this upward trend surley.

[jonno1] 22/4/2014 19:36

wow 7 cents now on 1.279m up 40% today in Canada

[jonno1] 22/4/2014 14:59

6 Cents in Canada on just 50k thats 200% up for April,...over 1m traded so far today