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RRL Range Resources Limited

0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Range Resources Investors - RRL

Range Resources Investors - RRL

Share Name Share Symbol Market Stock Type
Range Resources Limited RRL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.035 01:00:00
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Posted at 08/1/2020 15:38 by bannedintrinidad
Just found this old post and I know how much Celtic regrets nit taking heed of the facts.....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
Posted at 14/11/2019 09:02 by lewisyfawr
Range Resources share price 0.03p (compared to 0.011p at end of August). That is approx. 3x over less than 3 months - some rise!!!

Oil price currently $57.45 a barrel. With production 12% up on year at end of Q1 and infrastructure on Beach Marcelle being reason stated, that rise should continue.

Legal case in Trinidad pushed back until New Year. Name change and consolidation due. Next month will it be shares worth 3p in Star Phoenix? And a new company mission statement as well? Remember that Sramec BioMed bought 13% of Range at 4.9p in the "new money" and I think another of our big investors paid an awful lot more.

And if we small investors are not so worried about recouping some cash, the four investors who own 55% of Range will be quite keen. No wonder Chairman of Range "very excited" about our future.
Posted at 12/11/2019 23:32 by lewisyfawr
13 November 2019
Range, an international company with oil and gas projects and oilfield service businesses in Trinidad and Indonesia, advises that following the Company’s proposed delisting from the official list of the Australian Stock Exchange at close of trading on 25 November 2019, its securityholders will continue to be able to access continuous disclosure material through the Company’s normal investor communication channels. The information will be released via announcements on the Alternative Investment Market of the London Stock Exchange, as well as the dedicated section of the Company’s website
Securityholders are advised to use the option of receiving email alerts when material information and announcements are published by subscribing to email alerts on the Company’s website:
Posted at 21/10/2019 14:16 by dojiwankenobi
Sirius Minerals could quit stock market, says boss: 85,000 small investors braced for huge losses.

Thousands of investors could be left nursing heavy losses after the boss of Sirius Minerals suggested the company may be better off quitting the stock market.

Doji Wan Kenobi
Posted at 18/10/2019 08:53 by lewisyfawr
Share has been up to 0.0825p and down to 0.011p in last 3 months. Posters have suggested it will go well above 0.0825p (one of the big four institutional investors has an average of .8p, for example). Sohail has suggested it could multi-bag by Christmas.

Some have suggested Range will run out of cash and go under by Christmas. Advising sells at 0.017p, for example.

You could get 0.0311p yesterday and today for selling your shares. Rampers and de-rampers would have lost shareholders money in last 3 months. If you bought 10m shares at .07p, you would be down about £400 and if you sold 10m shares at 0.011p you would have lost c £200.

And money has been made recently by investors. Does it not show how very unpredictable a risky AIM share can be? And how very careful punters have to be to take advice of known rampers and de-rampers.
Posted at 28/9/2019 02:24 by lewisyfawr
Not anything likely to happen until Monday. Glad you had a good evening, Celtic. And shame this guy does not get out and see his beautiful country a bit more.

Boards would be almost dead without troll. It is good that he still enjoys his pasttime after 7 years of trying to suggest Range is a basket case and has very little life left in it. Why he thinks a small oil company supported by 4 major Chinese investors should die is a mystery. The debts are chicken-feed to some of our corporate investors now. Much bigger league players than Landau ever was.

No surprises in annuals that I could see. Lots of opportunities for company and its management and shareholders. Nothing guaranteed. Lubing Liu seems to be key man now, and Theo seems to have done a sound job in his first year as CFO.
Posted at 20/9/2019 14:15 by dojiwankenobi
"New investors are very welcome here"...

gone off gamblers eh, fickle you! back to investors now that you have new material eh, namely the JamPlan, posted on LSE.

Doji Wan kenobi
Posted at 02/9/2019 15:57 by lewisyfawr
Troll fact: People in Australia cannot buy and sell shares in Range.
Actual fact: Yes, they can. Range is listed on AIM and, like most small companies, is mono-listed but available for investors to buy and sell shares in China, Malaga and Timbuctu.

When I last looked, most of Range shares were held by British investors, most of them close to London. But dyor.
Posted at 02/9/2019 05:48 by lewisyfawr
Good early morning post from a positive new shareholder on lse:

"- Putland, Peter Landua, all the pre 2014 stuff under Landua, share price fall from 25p, Derby meeting - no one iota relevant to Range Resources and the current/new board.

We inherited what we did and doing their very best to turn it around as per all the facts on reducing costs to $31 a barrel, and already reduced expenses on Quarterly basis substantially on last 4 consecutive Quarters. Infrastructure upgrade recently completed with two new 500-barrel settling tanks and a new 1000-barrel storage tank at Beach Marcelle field. And looking to increase future production rates and reserves on this block.

The development or farm out of the St Mary's block imo will be the catapult for the phoenix to rise whilst everything else propping up the shores.
"The Company believes St Mary's is one of the most prospective onshore blocks in Trinidad. It is located in a proven hydrocarbon basin with a world-class source rock and is on trend with several significant onshore discoveries and producing fields, including the Central block operated by Shell".

Range does still have a big backer who can they turn too.....i.e. their biggest shareholder or as referred to as "The investors in Sibo are composed of a number of high net worth individual investors".

Very High Risk - Very High Reward.

Not for Widows - Orphans - Babies.

DYOR as Always."

Wish someone would tell new shareholders, if they need to rake up old pre-2014 history (which they don't these days), it was Puntland and Landau. But our history boy troll has stopped mentioning Landau, Puntland, Georgia, Eastman, OKAP, Perth "mafia" etc. Bit odd that.
Posted at 31/8/2019 15:49 by rangenoresources
Great post on LSE - proof that posters are next on Gordon’s list (boiler room ramping)

“Loadsamoney - Ive now seen new forensic evidence, Sunday is going to be a belter of a meeting as ANGS investors will also be there with RMP and MTV investors.
Gordon will be providing information on how the system works e.g. Jam tomorrow messages of oil which turn out to be water or hole not worth it , pump and dump, movement of money from parent companies, boiler room ramping. etc.

Easy examples are RRL/RMP - 2012 all have been noted in RNS share price going down from 25p to where we are now”

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