Range Resources Share Discussion Threads

[nas_daq] 06/7/2018 12:25

10.20 am was your optimum time to ramp the artificial rise ......heeheeheehee

[nas_daq] 06/7/2018 12:23

Must kill you having to wait until the buy gets updated 20 mins after the trade on LSE .............lolBut its great you have to resort to misleading quotes to justify your poor investment.The good news is that your ramping gets highlighted on here and there is nothing you or coco can do about it so my job is going very well, almost the complete opposite to your investment.In the real world where maths and daily production figures are important range continue to do poorly......

[1manos] 06/7/2018 12:12

Taffys in North Wales HATE THE ENGLISH MIND

[1manos] 06/7/2018 12:09

It's coming home
Footballs coming yem.

[lewisyfawr] 06/7/2018 11:56

0.20 GBX +0.020 (11.43%)


6 Jul, 11:16 BST ·

11.43% up at 11.16 on LSE. Not bad, eh?

[1manos] 06/7/2018 11:38

Just supporting my nation
Come on England
Rule Britania England rules the waves
In England's green and pleasant Lands.
Land of hope and Glory

Ps
Sell till ya heed drops off

[nas_daq] 06/7/2018 11:24

It's great the official bid and offer is dropping, sounds like you are a shorter...heeheehee

[lewisyfawr] 06/7/2018 11:18

No, I am not contacting CPS about post at 1040. It stands as a monument of total stupidity. Illuminating that no child writes like that these days once they have reached the sixth form and realise how naughty swear words show total lack of education and intelligence. Looks like a good day - sunshine brilliant in glorious South Wales and share price looks slightly promising today.

No apologies that so many of you misread my posts very early this morning about the Indonesian progress RNS. Please continue to address me in my new board name of coco.

[1manos] 06/7/2018 10:56

Yes hating the English opinion has always been a good investment circa 779 mind

[nas_daq] 06/7/2018 10:53

As usual best post of the day....keep it up dodge no doubt coco is frantically contacting the CPS to see what his friend of a mate of a friends dogs aunts can do about this whilst getting his polaroid out and taking a b&w photo for his records..........

[1manos] 06/7/2018 10:34

Nas... Its quite obvious you're
After the cheapest entry y point... Lolzzzzzzzz

[lewisyfawr] 06/7/2018 10:31

Skin. I always try and post official information supplied by Range. And I try and post positively, because I like to see a glass half full. Always have been positive about any share I have owned.

Have lost very little money on Range in 4 years and 4 months of owning them. That seems to almost be something to be pleased about!! Felt that RSR was doing a good job in 2014, but then seemed to lose a lot of confidence when he realised it was a much more difficult job with lots of nasties from Landau era creeping out almost weekly. Difficult job when all around you feel you are going out of business, and you are having to pay interest at a high rate simply to pay the wage bill.

Things are very different now imo. There appears to be no problem paying wages, or bills. And cashflow looks sound. No promises of 10,000 bopd any more and it suits me fine. 1000bopd and on target. Debt very manageable and on target. And the luckiness of oil price being approximately twice last year. And Board seems pretty truthful.

I look at all the negative posts across the boards and some are very illuminating. But I would still have invested in Range when RSR took over in March 2014. And I still remain loyal to the current Board. Although suspect I will have to be loyal to a new Board unless current lot keep talking to shareholders and find a way to get share price up to .8p pdq. Perhaps each of Board need to buy a grand's worth of shares every month till AGM - that might shift sentiment.

[1manos] 06/7/2018 10:24

Guys guys... I'm no mathematical or fluent with words mind.

This is leading to a catastrophe no.

[nas_daq] 06/7/2018 10:22

Written last year and desperately tried to get removed by coco, as everyone can now see whyWhen 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.

[nas_daq] 06/7/2018 10:21

More so when coco and Lewis write them.....lol

[nas_daq] 06/7/2018 10:21

Perhaps you should work out how long it will take range to get their money back from their initial outlay.The good thing is range said Indonesia is immaterial earnings wise, right at the outset, and they are definitely now wrong there, however holders should question the wisdom as to why a cash strapped debt ridden company is spending 3.6m to get 90 bopd ....best case scenario My view is it's because they are trying to string muppets, like you along, to continue taking their fat salaries by giving you false hope they'll hit a gusher as no doubt whilst you read the original disclaimer they know that you will secretly hope its the company saviour.Investors now know why no one else was interested in the licence.All this BS just brings the end of the company closer having to buy back RRDSL and purchasing Indonesia have really screwed the company which is ironic really as they have no cash to drill in T&T

[nas_daq] 06/7/2018 10:13

Posts can be deceptive

[skinwalker] 06/7/2018 10:02

Coco seems to be fairly articulate. How can he believe the nonsense he posts?

[lewisyfawr] 06/7/2018 10:02

I am excited by 145 barrels of oil announced from first workover. Range have issued some news that shows we will probably hit 200bopd in Indonesia (our target) and possibly more. Yes, there is a blockage in second workover and may be problems with others. But that is drilling. That is why professional and safety conscious companies help Indonesia meet their oil targets, and why local villagers are discouraged from very dangerous oil exploration where lives can be easily lost.

RANGE ARE ON TARGET. Let us celebrate. What do meeting and exceeding targets mean? They mean prizes.