Range Resources Share Discussion Threads

[celticheart07] 03/7/2018 17:57

I see you are down for the dinner :)

[celticheart07] 03/7/2018 17:43

Still going to the Aminex AGM patch?

[celticheart07] 03/7/2018 16:48

How many times bread it is "should have" not "should of" :)

[laptop15] 03/7/2018 16:47

I agree good Q&A info

[thebreadmaker] 03/7/2018 16:36

36 questions and all jam tomorrow

Lewis - you won’t see any dividend on this share

I could of answers these in 1 morning - can’t see why the delay

The bit about the pump should of been released via RNS as Waterflood is fundamental to Range existence

Cheerio Eva

[celticheart07] 03/7/2018 16:18

Q&A seems pretty clear cut to me, nothing hidden as I thought it wouldn't be given the current management's direct, no frills approach to communication. Cue the trolls :)

[rogsim] 03/7/2018 16:04

Q&A here:

[grahamc333] 03/7/2018 15:44

Yeah.. notice I didn't put a question mark lol.

[thebreadmaker] 03/7/2018 15:40

Grahamc333 - I think you know the reason and it’s not a positive

[thebreadmaker] 03/7/2018 15:35

Nas_Daq - excellent overview of Range’s current status. If only the rampers knew who you were they would get your posting stance. You could of been harsher but that would have the rampers accusing you of deramping

[grahamc333] 03/7/2018 15:34

Why don't they bring this q&a out during market hours ffs.

[lewisyfawr] 03/7/2018 14:27

CH. Good defence of Ms E.B. But all those degrees mean absolutely nothing in the big commercial world, do they? How many O levels has Branson got? How many O levels did Jack Cohen of Tesco have? Yes, Sorrell got a Harvard degree, but in 1982 (aged about 30) he was still hard at work with a spanner mending Tesco's trollies and baskets (hence wire & plastic).

Not sure how responsible her job is, and agree that job title suggests that she is in charge of the Chinese government currently. But whatever your job title and quals, you have to perform. And since we kicked out wpp, our PR has not been up to scratch at all. Almost as if she has teased shareholders for last 4 years by releasing as little news as possible as late as possible. I fear today will continue that trend.

[nas_daq] 03/7/2018 14:26

Anyone looking forward to Jackanory at 4.30pm today......heeheeheeheeCherry on the cake

[nas_daq] 03/7/2018 14:22

Looks pretty accurate to me and the best bit is coco tried very hard to get it removed off iii so it makes it even more appropriate to post it on here where he is powerless to do anything Heeheeheeheehee

[lewisyfawr] 03/7/2018 14:18

What an absolute loads of sphericals nas.caq. Lies and immaturity. For no benefit to you and no purpose hee-hee-hee-hee.

[nas_daq] 03/7/2018 13:50

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.GLA

[nas_daq] 03/7/2018 13:43

It looks that way dodge, although lewis and coco are rewriting company policy in dividends and maths currently.Laws that have been around for May years they are hoping to get changes like 0.015p>13p coco in profit now on his first buyAnd 400m losses retained but ignored and they are now going to pay a dividend when they announce this years 10m loss

[nas_daq] 03/7/2018 13:41

Yes shes been party to some of the great ramps youve fallen for....heeheeheeheehee

[nas_daq] 03/7/2018 13:39

There are hundreds of posts replying directly to you as coco, you are a clown your posting history proves it..........My opinion of you is you are a clown, who has made a failed investment and blames everyone but themselves for this failure.I also know, just like Apple do, that data protection even from a CPS investigation is confidential information and advfn won't give any information out. Despite your lies I havent had an email from advfn, but then again you do like to portray a false impression......No one talking to you on WS anymore.....ahhhhh diddums

[celticheart07] 03/7/2018 13:30

Actually Lewis people frequently dismiss Eva (Ms Evgenia Bezruchko)as being the office secretary or PR girl when in fact she is Group Corporate Development Manager. Just a title maybe but I suspect she has more of a say than we give her credit for at times.

Ms Evgenia Bezruchko has an extensive experience in corporate development and capital markets in natural resources sector. Prior to joining Range in 2012, Evgenia worked in corporate broking and equity sales for an independent merchant bank Brandon Hill Capital (formerly Fox-Davies Capital Limited), covering a wide range of listed and private oil & gas and mining companies. Evgenia holds a BSc in Pharmacology from the University of Bristol, an MSc in Finance from the University of Westminster and an MBA from the American InterContinental University.

Not quite the lightweight she is often portrayed as to do her justice.

[lewisyfawr] 03/7/2018 13:03

Looks like you are right, CH. Answers will be released late this afternoon. And punters are already writing them off as badly planned with poor answers. Well, we will see later. But so disappointed. What else does our PR lady actually do? This is the only service we shareholders receive now, it appears. How about a Range club to help us save, buy Range shares at a small premium, have prizes and gifts, stickers for nas-caq to put on mummy's fridge, a magazine with stories about successes, staff who have done something for communities. Bit like a Shell loyalty card or Nectar card. Anything to make being a Range shareholder fun and not deadly boring.