Range Resources Share Discussion Threads

[laptop15] 29/6/2018 12:27

Agreed Mr Blonde, quarterlies will very very good. News should also come form the re-opening of the wells at Indonesia, workover/drilling. At current oil prices RRL is making 820 bopd x $70 minimum a barrel = $1.72 million revenue a month. Things will turn here very quickly one we break 1000 bopd.

[lewisyfawr] 29/6/2018 12:25

Agreed, Mr Blonde

Running bare (manos, samno, nas-do, etc). You clearly have not owned Range shares for many years, so I will teach you something. Price was 1.3p in March 2014. It is now just over .2p. Pretty terrible. But nowhere near as terrible asdd you suggest, and not as difficult to work out drop, is it. There have been a couple of times in last 4 years when we could sell and make some money (I did in summer of 2014 so Range really has owed me nothing much for 4 years now and I thoroughly enjoy owning my few shares which give me hope of making a few shillings soon).

Any price higher than 2.75p was probably in Landau days pre-2013 and seems wrong to keep bringing that up when we have had at least 2 new management teams trying to turn the ship round since then - with some success. Amazing success if we look at all recent figures and announcements.

[mr_blonde] 29/6/2018 11:24

There is more than likely going to be somne announcements re drilling plans for the rest of the year. I think they promised 2 new drills during the course of the year. In view of the current oil price and progress being made with production it wouldn't surprise me if they now drill 4 new wells.

It will be a busy 2nd half to the year.

[mr_blonde] 29/6/2018 11:14

Time to start buying in here ahead of Quarterly results which will be very good.

[lewisyfawr] 29/6/2018 11:06

Not read last few posts, but sure the posts are full of share price up 13.7% so far today, oil over $73 when it was under $40 not so long ago and bopd will be heading fairly quickly to initial target of 1000 bopd by year end, costs and borrowing well controlled as usual, safety record excellent. All good, and sure posts will reflect that today. Keep the faith manos (whoever's name you post in today).

[nas_daq] 29/6/2018 10:10

Love your posts.....not let be grrrrr

[nas_daq] 29/6/2018 10:09

Let be your posts and straight to the point perfect ??

[nas_daq] 29/6/2018 10:09

Heres a post coco got removed off of iii last year, sums up what has happened/ happening pretty succinctly Strange how the leader is taking a bit of time off and the disciples seem to have gone missing as well.......hmmmmmmPosted over the weekend:------------------------------When I gave you Donald Duck as the final name on the list it was to use the vernacular for the term Donald ducked which describes where this company now finds itself.It is an abridged version of what I could write but it succinctly sums up the situation.Mendacity is a term I have often used to describe this company. You can now add hypocrisy.Quite what word you could use for issuing the half year results, which foretells the destruction of the Trinidad assets, after you have been trapped via the share cancellation I will leave up to you.Nothing I write will alter or ameliorate what is going to happen.I could write about the truth behind the stockbroker recommendations answer in the last Q&A..I could tell you who really owns the fake Georgian assets on our balance sheet.I could show you why the mendacious corporate development officer is running around trying to figure out which dog ate the share certificate of the non existent Guamanian assets.I could show you that the Indonesian transaction actually predates the arrival of the drilling rigs on Trinidad, was abandoned in the spring of this year and was frantically rejuvenated when it was clear that they were not going to gain re-admittance to AIM as a smokescreen to cover why they really are being denied access to the UK investors pockets.I could show that the 160 personnel we are taking on with the failed LO Caribbean service company have not generated a brass farthing in independent income in 2017 to date. Does it make you any happier to know that the Range BOD choose to separate themselves by as many miles and as many time zones as it is possible?. Would any of those revelations make you any happier?. They certainly wont make you any richer.The BOD has gone feral and I think the FAC are aware of that.We had the annual report of another AIM company claiming that Range were going to use your money to purchase from them a 20% interest in an asset they no longer own and pay them a royalty from the income stream belonging a conglomeration of Chinese companies.The FAC require a lot more than paper shuffling to allow Range back onto the AIM market.At least two and probably 3 directors and senior managers need to be ejected.The callous and mendacious corporate development director would be my first choice.The CEO whose penchant for positioning himself on planet earth as far as humanly possible from any of Ranges assets or fellow managers would make himself a strong candidatealsothe fact is .Also the LO place men, who are both superfluous now that LO are leaving and are tied up anyway the the liquidation of LOs other failure Anterra Energy ,should also be shown the door . You can console yourself with the fact that despite the lies and misinformation emanating from Wales and Graham - Wood that in the absence of an AIM listing the RRDSL deal cannot complete.Completion of this deal will prove to be the epitaph for this company. I will expand on any of the above points if anyone really wants me to but it will not make for pleasant reading.I will leave you with the following to consider.When this company has undergone a corporate makeover in the past, Landau to Scott-Russel, Scott-Russel to Chen, the mendacious an disingenuous come on the BBs to advocate putting the past behind you only look forward.In the metaphysical sense we have waved goodbye to Landau, RSR and Chen. However from a corporate perspective it is not possibly indeed it would be illegal to even try to expunge their existence.Every individual who has ever worked for the company since the day of its incorporation, every asset purchased, every mistake made, every success achieved, every asset write-down,every impairment charge, every sale and every cost leaves a permanent and indelible mark on the corporate entity that is your company.The physical manifestation of this is the Accumulated profit/loss figure found in the equity section of the company reports. The end 2014 figure, just before Range entered its first suspension was $USD 291m loss.The end 2016 figure, just before Range entered its second suspension was $USD 368m loss.The current Mcap is £26.6mBear in mind that the Accumulated loss post withdrawal from the water flood will be far, far higher and the FAC will have seen a draft of the year end figures. How would you deal with the situation if you were sitting on the FAC AIM governance committee?. Would you be happy to allow a company to list on the market when it had lost it's shareholder over twice its market cap in the previous two years.Would you not take your duty of care to the wider investing community seriously enough to question whether such a company should ever attain a listing in substantially the same form as before?.Make no mistake LO are walking out on Range, having induced them to take on approx $60m in debt for no material gain in output. By failing to deliver on the own EOR plan which they have charged us $5m they have seriously impaired the 2P reserve figures.This impairment will in all likelihood exceed the debt they have landed us with, as the majority of the Trinidad reserves comprise the water-flood assets..To top it all off they can't be bothered to drag their failed Caribbean oil service company back to China. They want to dump their useless assets on the Range shareholders. Remember when we sold them Rig 6 and 8 they were working exploration rigs, it only took them a mater of weeks to turn Rig 6 into a Roman Candle and now we are expected to buy it back.Even the new rigs aren't up to scratch. It only took LGO a couple of days to work out that Rig 18 would need modification to make it cost effective in Trinidad, something that RRDSL failed to recognise in over two years of overcharging the Range shareholders.To top it off Leo Koots has now arrived renaming LGO to Columbus and calling a halt to the infill drilling program that was the basis of RRDSL gaining any independent income.Even then LGO only hired the Rig, they would not touch the staff bringing in their own operations staff.The last quarterly report showed that the Range shareholders subsidized the RRDSL staff to the tune of $USD 3.6m, via a loan. That is an annulled rate just shy of $14.5m dollars, more than the cash that will be left post the completion of the other two assets.Range cannot afford 160 hammock stretchers. Quick question ---- in the event that there is an outbreak of common sense and the RTO is rejected. Just how do RRDSL propose to repay this debt given that their only source of income is from Range itself and is over two years into the future? Final question ---- just where are the synergies in buying an onshore service company and and offshore well stock. Beats me too.GLABF

[thebreadmaker] 29/6/2018 08:59

Just look at the arrogant response. Still seems to be a conspiracy theory about low sells but never about low buys. Shows a total lack of understanding who markets work and may explain losses here

hxxp://www.worldstocks.co.uk/forum/viewtopic.php?nomobile=1&f=3&t=55513&start=50

[dodge city] 29/6/2018 08:46

The welsh sheep shaggers hate advfn but are forced to post here because the ramping scum have been kicked off LSE.


LOLOLOLOL

[thebreadmaker] 29/6/2018 08:43

Just imagined if you had shorted this share over last 6 months and what you could buy with it :)

[lewisyfawr] 28/6/2018 21:46

Oil price fantastic. At last, Range appears to be a lucky company. And just at right time with bopd heading towards 1000bopd (at last). A lot of oil for a small company. AND A LOT OF OPERATIONAL PROFIT.

Disappointed they have delayed Q&A. Eva could have told us that earlier in week and no reason why they could not have answered some questions today and rest in a fortnight. Even have a weekly Q&A for a few weeks until all been cleared. Yes, I would prefer to see answers that are truthful - it can hardly cause share price to fall further and total truth can sometimes work very well in restoring confidence in BRAND RANGE. Yes, this troll (let's call him manos) will be scathing if company gave very full and frank answers to all questions asked. But he/she is not a shareholder, has no stake in the success or otherwise of Range - and I think shareholders will be more understanding of news - whether good or less good..

[nas_daq] 28/6/2018 21:03

You sure do waste a lot of time ramping a share that continually drops..............lol

[thebreadmaker] 28/6/2018 20:37

ADFVN need to get this filter button working as it doesn’t seem to be working for some

[thebreadmaker] 28/6/2018 19:46

Just seen today’s share price. Wouldn’t wanted to have doubled my share holding with company delaying and not hitting news target. Are we looking at a placing to take it to 10 billion shares?

[thebreadmaker] 28/6/2018 19:15

Is it true Q&A is now Tuesday due to volume of questions raised?

Let’s hope they don’t duck questions

[nas_daq] 28/6/2018 18:06

Range still down.....heeheehee