Range Resources Share Discussion Threads

[lewisyfawr] 10/7/2018 16:14

Nas. It is absolutely none of your business who bought what and when. This is a board about Range, not about CelticHeart09. No shareholder has to explain themselves to a rather nasty and bitter ex-shareholder, do they?

If you were playing for England tomorrow, would you focus on scoring a goal or kicking Modric to bits? Oh, silly question. Modric, of course. S*d scoring a goal.

[lewisyfawr] 10/7/2018 16:11

Why are the remoaners so certain this debt is going to bite. We are trading well currently, as will be shown in quarterlies soon (the fourth good set of quarterlies in a row). Then another later this year.

Most of us have had mortgages which we claim is sensible borrowing. Low interest rates, supply of cash when good opportunities arrive. Ability to top up at preferential rates, second mortgages easier. Did we find our mortgages to be a good thing or a bad thing? Usually a good thing and money has been made out of our houses or businesses over 20-30 years. We should all know that our CFO is very good, has been with Range through thick and thin for over 4 years now and would not allow borrowing to get expensive or out-of-hand.

[nas_daq] 10/7/2018 16:00

When coco1 first bought 390k pounds in value, suspect in some parts of the country you could buy a house for that

[nas_daq] 10/7/2018 15:58

I'm sure there are plenty of that type of investor that woke up and smelt the coffee.....Of course there were those advising not to sell, on re-listing, bet they feel pretty silly now.....

[thebreadmaker] 10/7/2018 15:53

Ouch - 15:15 today 3m sell at 0.175

£5250

What was that worth 2-3 years ago - £70,000 to £80,000

Somebody clearly doesn’t like the story being told by Range

[grahamc333] 10/7/2018 15:49

Apart from the huge debts that are going to bite sooner or later of course.

[lewisyfawr] 10/7/2018 15:46

ASX 100% above 52 week low on Nov 7 2017
Directors have had to buy into Range if bread just checks. They have a lot of shares, and are usually granted options too.
Oil double last year, so excellent extra revenue.
Volume up considerably, with both Perlak and Trinidad meeting or exceeding targets.
m0rrisminor suggests 2500 looks achievable towards year end (great name, great sentiment)
Cantor Fitzgerald says *the near term production should deliver quick payback on investment and will be accretive in the longer term*

And to counter that, what does the low-life not so solid crew on this board say:
1. Cocoa is dangerous. (Not as dangerous as coffee perhaps).
2. I am swimming with turbots
3. April 1st was a few months ago.
4. We have no shares in Range, and we feel our role in life is to try to trash their shares and to also trash an ordinary shareholder called CelticHeart09, who we will not name for legal reasons. And because we are very stupid and the most shameless bullies and cowards that any share chat room has ever had to put up with.

[lewisyfawr] 10/7/2018 15:44

You know, the postings on here by ASYHO and by Rich on the other board today are posts that are interesting. No teasing, no bullying. Just honest opinions and facts. Not trying to get at any particular poster either. Nas, bread and the quiet ones (stonyfists and the detestable schoolboy dodge) should learn how to behave from ASEYHO and Rich.

Runways in Puntland and gappy were fortunately before my time - I bought in first in March 2014), but it is history and not too many of those pre-RSR nasties bite management on bum these days.

[thebreadmaker] 10/7/2018 13:54

I think you are right if £5m - amazed the Accounts got signed off without a better explanation

[aseyho] 10/7/2018 13:50

Possibly, i had 5m in my memory, but that might have been pounds. not sure now, seems an age ago now. Back in the good old days that you made money on every RNS publication.

[thebreadmaker] 10/7/2018 13:45

I thought it was $8m that went on the runway?

[nas_daq] 10/7/2018 13:37

Aseyho Please dont post facts the rampers don't like it.......heeheehee

[aseyho] 10/7/2018 13:35

Was just having a gander over the 2017 financial statements and fair play to the company, we will soon be hitting the reduced targets that have been set, possibly even 1000 bopd soon, and all this has taken is $390,000,000 in accumulated losses and a huge chunk of debt.

In hindsight, it would have been a more efficient company is it had went to my local shell garage and just bought all the oil they have produced in 5 gallon buckets.

This company has been farcical and incompetent, it wont get better.

Also, where is that $5,000,000 runway we built, did we just build it and lose it in a game of poker?

[nas_daq] 10/7/2018 13:09

WEALTH WARNING: LISTENING AND ACTING ON THIS POSTERS INFORMATION CAN SERIOUSLY REDUCE YOUR WEALTH.....

[lewisyfawr] 10/7/2018 12:46

C'mon Dodge. Looking forward to your reply and your expletives. Come on bread. There must be a cut & paste you can use from 2013 about Landau and CH. Or Queen Victoria and Princess Alexandra.

[lewisyfawr] 10/7/2018 12:42

Perlak overview

• Established oilfield, covers 10.4 km
• A proven play surrounded by producing fields
• Shallow wells with depths up to 3,000 feet
• 50 mmbbls produced to date – by primary depletion only
• 2C resources – 47.5Bscf and 13.3 mmbbls (gross)
• STOIIP – 284.6 mmbbls(gross)

And a RNS last week to emphasise how well we are already doing against targets. Not all good as blockage in second well that we are trying to unblock at moment. But.... RANGE IS ON TARGET. Well on target. Enjoy the ride.

[lewisyfawr] 10/7/2018 12:26

Q. Will the directors consider their position for the poor performance of the share price? Why should shareholders have faith in the current board of directors?

A. Whilst we understand frustration of long term shareholders, we would like to reassure all shareholders that all of the Directors’ efforts are focused on delivering on set targets. We have a very clear strategy aimed at building a company with solid production, reserves and revenues. We aim to achieve this by delivering on our targets clearly defined in the recent presentation published to all shareholders, which can be summarized as follows:
• Growing production and revenues in Trinidad through active work programme (waterflood, development and workover activities)
• Commencing production and cashflows in Indonesia through planned workovers and reopening of previously producing wells
• Growing third party customer base of the oilfield services business with the aim of increasing revenues for the company

We have so far demonstrated production growth in Trinidad over three consecutive quarters, reaching production milestone in Trinidad ahead of target, acquired two new assets last year, commenced operations in Indonesia, and are continuing to grow third party customer base for the oilfield services having already secured a contract with a supermajor Shell. All of this underpins our drive to maximise long term shareholder value. Whilst we have no control over the share price, we are hopeful that with continued progress, we will see a share price appreciation.

Q&A July 3rd

[lewisyfawr] 10/7/2018 12:17

WEALTH WARNING: ACTING ON ADVICE OF ANY CURRENT SHAREHOLDER OF ANY SHARE ON AIM COULD LEAD TO LOSSES. ALSO GAINS POSSIBLY. PLEASE DO YOUR OWN RESEARCH. DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE ON ANY AIM SHARE.

[lewisyfawr] 10/7/2018 12:15

ASX 100% above 52 week low on Nov 7 2017
Directors have had to buy into Range if bread just checks. They have a lot of shares, and are usually granted options too.
Oil double last year, so excellent extra revenue.
Volume up considerably, with both Perlak and Trinidad meeting or exceeding targets.
m0rrisminor suggests 2500 looks achievable towards year end (great name, great sentiment)
Cantor Fitzgerald says *the near term production should deliver quick payback on investment and will be accretive in the longer term*

And to counter that, what does the low-life not so solid crew on this board say:
1. Cocoa is dangerous. (Not as dangerous as coffee perhaps).
2. I am swimming with turbots
3. April 1st was a few months ago.
4. We have no shares in Range, and we feel our role in life is to try to trash their shares and to also trash an ordinary shareholder called CelticHeart09, who we will not name for legal reasons. And because we are very stupid and the most shameless bullies and cowards that any share chat room has ever had to put up with.

[nas_daq] 10/7/2018 11:54

That's the 438 pound trade for 31 thousand pounds either trade makes it quite startling how badly this company has performed, mid price well below 0.17p now....oh dear

[nas_daq] 10/7/2018 11:47

Too be far bread if coco1 has bought those shares in his first purchase they would have cost him over 31 thousand pounds .....yes you read that right 314 pound today but 31 thousand pounds when coco1 first purchased just goes to show what a bad investment this has been for the clowns.....