Myanmar Investments Share Discussion Threads

[m1tu] 13/5/2011 11:33

Salaam bro's...just got back from outside, looks like it has turned, MM wanted your shares, now they loaded up, onward and upwards.

[azhardar] 13/5/2011 10:26

looks like my last few top ups were bang on time and i had feeling yesterday that we won't have another bad week end and its nice to see my feeling was right. well done guys for holding in we all know what is in it(bao) so no need to worry it will be nice smooth ride to the new high.....

Im sure i will see some smily faces at work today..

munaf rrl will pick up when they start drilling in somalia and im thinking to spare some money from bao by end of this month and put some in to my isa account for rrl if you got rrl then hold it till end of this year it will be work lots of ££££...

guys go for jumma and have a nice week end

[haroonm] 13/5/2011 10:25

dont want news just yet let it go to 45-50 and then they could release the
big one which will take it above 80p - 90p. WHAT A DIFFERENCE A DAY MAKES HEY!

[munaf26] 13/5/2011 10:22

BAO up 10% today could be some news very soon

[haroonm] 13/5/2011 09:57

it might look like ripples on the surface they could be turning into a tsunami soon, not long to go....got a feeling we will have some news by next friday.

[munaf26] 13/5/2011 09:53

can see little ripples in sea moving, i thought rrl would shoot up 20p

[munaf26] 13/5/2011 09:34

BAO is moving this could be the start of the turn around.

[haroonm] 13/5/2011 09:16

saalam bros.. im still here, was out looking for a second job as i might need it! just had a job interview to clean cars, did not get it....

WHO SAID STOCK MARKETS IS EASY MONEY IF YOU THOUGHT THAT THEN YOU ARE DILUSIONAL. HOW DOES IT GO "NO PAIN NO GAIN"
when the mms think they have had enough then they will release the brakes, at the moment they are in control as fear has gripped bao stock. people got to use to a regular rns.. as i said a couple of days ago the stock price should creep up above 35p by friday, lets see if that is the case. i am confident that when the price starts moving it will be hard to get in below 40s.

OH and jumma mubarak.......

[munaf26] 13/5/2011 07:14

RNS For RRL

13 May 2011

The Manager

Company Announcements

Australian Securities Exchange Limited

Level 6, 20 Bridge Street

SYDNEY NSW 2000

By e-lodgement

LETTER OF INTENT SIGNED WITH DRILLING SUBCONTRACTOR FOR PUNTLAND

Range Resources Limited ("Range" or "the Company") is pleased to announce that
its joint venture partner and operator Africa Oil has signed a letter of intent
with a drilling subcontractor, paving the way for the milestone exploration
well in Puntland to be drilled in Q3 2011.


Yours faithfully

Peter Landau
Executive Director

Contacts

Range Resources
Peter Landau
Tel : [phone]
Em: [e-mail]

Australia London
PPR Tavistock Communications
David Tasker Ed Portman / Paul Youens
Tel: [phone] Tel: [phone]
Em: [e-mail] Em: [e-mail]

RFC Corporate Finance (Nominated Advisor) Old Park Lane Capital (Broker)
Stuart Laing Michael Parnes
Tel: [phone] Tel: [phone]

Range Background

Range Resources is a dual listed (ASX: RRS; AIM: RRL) oil & gas exploration
company with oil & gas interests in the frontier state of Puntland, Somalia,
the Republic of Georgia and Texas, USA.

* Range holds a 25% interest in the initial Smith #1 well and 20% interest in
further wells on the North Chapman Ranch project, Texas. The project area
encompasses approximately 1,680 acres in one of the most prolific oil and
gas producing trends in the State of Texas. Drilling of the first well has
resulted in a commercial discovery with independently assessed gross
recoverable reserves in place of 240 Bcf of natural gas, 18 mmbbls of oil
and 17 mmbbls of natural gas liquids.

* Range holds a 21.75% interest in the East Texas Cotton Valley Prospect in
Red River County, Texas, USA, with the prospect's project area encompasses
approximately 1,570 acres encompassing a recent oil discovery.
Independently assessed gross recoverable reserves in place of 5.4 Mmbbls of
oil.

* In Puntland, Range holds a 20% working interest in two licences
encompassing the highly prospective Dharoor and Nugaal valleys with plans
to drill two wells (TSXV:AOI) - 45% Operator, in 2011.

* In the Republic of Georgia, Range holds a 40% farm-in interest in onshore
blocks VIa and VIb, covering approx. 7,000sq.km. Currently, Range has
recently completed a 410km 2D seismic program with independent consultants
RPS Energy identifying 68 potential structures containing an estimated
2.045 billion barrels of oil-in-place. Mobilisation has commenced with the
first exploration well due to spud June 2011.

* In Trinidad Range has entered into a HOA to acquire a 100% interest in
holding companies with three onshore production licenses and fully
operational drilling subsidiary. Independently assessed gross recoverable
3P reserves in place of 6.9MMbls.

The reserves estimate for the North Chapman Ranch Project and East Texas Cotton
Valley has been formulated by Lonquist & Co LLC who are Petroleum Consultants
based in the United States with offices in Houston and Austin. Lonquist
provides specific engineering services to the oil and gas exploration and
production industry, and consults on all aspects of petroleum geology and
engineering for both domestic and international projects and companies.
Lonquist & Co LLC have consented in writing to the reference to them in this
announcement and to the estimates of oil, natural gas and natural gas liquids
provided. These estimates were formulated in accordance with the guidelines of
the Society of Petroleum Engineers ("SPE"). The SPE Reserve definitions can be
found on the SPE website at spe.org.

The reserves estimates for the 3 Trinidad blocks referred above have been
formulated by Forrest A. Garb & Associates, Inc. (FGA). FGA is an international
petroleum engineering and geologic consulting firm staffed by experienced
engineers and geologists. Collectively FGA staff have more than a century of
worldâ€"wide experience. FGA have consented in writing to the reference to them
in this announcement and to the estimates of oil and natural gas liquids
provided. The definitions for oil and gas reserves are in accordance with SEC
Regulation Sâ€"X.

RPS Group is an International Petroleum Consulting Firm with offices worldwide,
who specialise in the evaluation of resources, and have consented to the
information with regards to the Company's Georgian interests in the form and
context that they appear. These estimates were formulated in accordance with
the guidelines of the Society of Petroleum Engineers ("SPE").

Forward Looking Statements

Certain statements contained in this announcement, including information as to
the future financial or operating performance of Range Resources Limited and
its projects, are forwardâ€"looking statements. Such forwardâ€"looking statements:

* are necessarily based upon a number of estimates and assumptions that,
while considered reasonable by Range Resources Limited, are inherently
subject to significant technical, business, economic, competitive,
political and social uncertainties and contingencies;

* involve known and unknown risks and uncertainties that could cause actual
events or results to differ materially from estimated or anticipated events
or results reflected in such forwardâ€"looking statements; and

* may include, among other things, statements regarding targets, estimates
and assumptions in respect of production and prices operating costs
production prices, and results, capital expenditures, reserves and
resources and anticipated flow rates, and are or may be based on
assumptions and estimates related to future technical, economic, market,
political, social and other conditions.

Range Resources Limited disclaims any intent or obligation to update publicly
any forwardâ€"looking statements, whether as a result of new information, future
events or results or otherwise.

The words "believe", "expect", "anticipate", "indicate", "contemplate",
"target", "plan", "intends", "continue", "budget", "estimate", "may", "will",
"schedule" and similar expressions identify forwardâ€"looking statements.

All forwardâ€"looking statements made in this presentation are qualified by the
foregoing cautionary statements. Investors are cautioned that forwardâ€"looking
statements are not guarantees of future performance and accordingly investors
are cautioned not to put undue reliance on forwardâ€"looking statements due to
the inherent uncertainty therein

[munaf26] 12/5/2011 15:48

Sounds good to me Mitu, i think BAO will shoot up like SER when that report comes out. SER 210%

[m1tu] 12/5/2011 15:39

SER now at 184%....competenant person report same as jorc in mining sector, thats what we waiting for in bao, jorc (competant person report) now see the effect in ser.

[munaf26] 12/5/2011 15:30

it's upto 5p that 166% rise

[m1tu] 12/5/2011 15:26

look at SER, see how quicky it doubled once they confirmed their resources, imagine when BAO starts confirming their resources via jorcs.

[m1tu] 12/5/2011 14:43

yeah SER has gone up 132% and still rising, even at 4.4 market cap is 12mill so could be under valued, all depends on how much oil they found? calculate from that. havent looked at the news so cant be sure.

[azhardar] 12/5/2011 14:40

munaf its 126% up now
we will see bao doing same one day...well i hope so
bought some more bao today i don't know why i can't stop myself buying bao..too much risk i'm taking
btw my buy showing as a sell
where is master dooooom today. mitu and others too come on m8 its only a game we will win this game very soon, but i do understand and its not nice to see sad faces at work every day we need a happy news before week end.
mitu what is your chart saying today...

[munaf26] 12/5/2011 13:37

has anyone looked into (SER) Sefton Resources its 100% up today people still saying it's under valued, what do you guys think?

[m1tu] 11/5/2011 10:23

i think this aggresive shake was the last and final drop.

[haroonm] 11/5/2011 10:22

i think this shake must off taken a lot of holders who bought in at a low price to lock into there profit and a lot of those day traders who bought in the 40s. i am fairly confident this will end blue today!

[m1tu] 11/5/2011 10:15

volume has picked up today, its 10am already 1.1 mil

[m1tu] 11/5/2011 10:13

Waslaam...... heres a another chart.

[haroonm] 11/5/2011 10:00

Assalamu alaikum.

today is my last and final top up in bao...im not gonna buy any more. mms have dropped the price on low volume and spooking a few holders to fill gaps and stock up before the rise.. this will be 37p by friday!


year "2015"

[m1tu] 11/5/2011 10:00

someone do us a faovur and persuade Mr D to sell up, we all do his rounders in return, only then the price will rally.

[munaf26] 11/5/2011 09:38

People dont look at the share price well not this morning, just shut down your computers enjoy the lovely day, in fact dont check the price until end of the month you will feel a lot better then. Time to pick up my train.

[m1tu] 10/5/2011 17:09

thats a good news,better than the drilling update, and even better than jorc news.