Range Resources Share Discussion Threads

[aseyho] 12/7/2018 13:21

"This is last RNS and news story - just 6 days ago. I would say that is good news. Plenty of oil extracted in just a few days and 145 barrels is not irrelevant. It looks like Range will meet target in Perlak and probably exceed it if they can shift the blockage fairly quickly. And another RNS due on Monday (?) to probably confirm 2 large loads of options have been waived, so our 7.6bn shares should be quite a lot less."

lunchtime quick post so likely full of typos and hafassed views. But....

Was the 145 barrels not produced over a number of days (I believe earlier posts has said the production was around 30bopd? and of the production do Range not only enjoy around a quarter of the ownership of production. Please someone put down the accurate figures is I am way off.

Based on that, the statement of 145 barrels is irrelevant. But someone can correct my above paragraphs is I am way out.

And the 20% rise, as far as I can rember teh bid/ask has been .15/.2, as shown at the top of this page. I cant see a rise, or at least one that made a difference.

Comments welcome.

[lewisyfawr] 12/7/2018 12:04

by Alliance News | 6th July 2018 10:09

Range Resources Ltd on Friday said that its recently reopened POG-D well at Perlak field, Indonesia, is now producing oil.

Shares in Range Resources were up 14% at 0.20 pence on Friday.

Since it began reopening at the end of May, POG-D has produced 145 barrels of high-quality light oil. The oil and gas company is now testing the well to see if production there can be made more stable.

Another well at Perlak field, POG-E is in the process of reopening and work is being done to remove an obstruction.

"The work programme is expected to add up to 200 barrels of oil per day of gross production. The produced oil will be...exclusively sold to Pertamina, an Indonesian state-owned oil and natural gas corporation," Range said in a statement.

By Anna Farley; [e-mail]

This is last RNS and news story - just 6 days ago. I would say that is good news. Plenty of oil extracted in just a few days and 145 barrels is not irrelevant. It looks like Range will meet target in Perlak and probably exceed it if they can shift the blockage fairly quickly. And another RNS due on Monday (?) to probably confirm 2 large loads of options have been waived, so our 7.6bn shares should be quite a lot less.

[lewisyfawr] 12/7/2018 11:34

Just amazing that this board is the only really active one at moment about Range Resources. But you cannot, for example, see the posts by Deutch3 or martini this morning through all the messy posts that spam this board. Shame we cannot have a sort of toilet flush and bathroom cleanser to wash away the nonsense of the poster called Nas-Manos-Dodge-Bread. Just one poster allegedly with over 20 board names who has been cleansed from all other boards but is still full of germs and still trying to make ADVFN smell bad with his or her illiteracy and venom.

He/she owns no shares, has no interest whatsoever in Range, Range shareholders, oil price etc. Just wants to upset shareholders who tend to be gentlemen and ladies and are not always happy to be shouted at by a troll and keyboard coward who uses vile 4-letter words against us.

Range are still here. Range are doing pretty well in most departments compared to last year. DYOR.

[nas_daq] 12/7/2018 11:17

Think you are on the wrong board ;)

[thebreadmaker] 12/7/2018 10:15

More sells going through again - will tick down soon

[thebreadmaker] 12/7/2018 09:12

And a cynical buy comes in for £89 to make it look like the share is on the rise

Market manipulation or what

[thebreadmaker] 12/7/2018 08:52

Yet more sells this morning ....

[nas_daq] 12/7/2018 08:25

Is good that investors are slowly started to realise how much rrl is up sh!t creek what is disappointing is that the four musketeers, now unfortunately 3 RIP dreamer Dan, can't smell the coffee. Unfortunately for the dreamer his last top up was 800k at 0.58p.....yes you read that right and it was the final nail in the coffin for the dreamer

[nas_daq] 12/7/2018 08:22

Re: Accelerated work programPost Wed Jul 11, 2018 6:39 pmThe progress isn't enough or quick enough, the company is staring down the barrel. When the loan is due only LO will refinance it, nobody else in their right mind would touch it. LO are in a hole it's either a refinance with security over the assets or a D4E with massive dilution and LO effectively taking control. Like I said we need 1000s of bopd. At the moment this company is a zombie slowly burning the cash pile until crunch timeNot sure 30 workovers in H2 will return 1000s.....heeheeheeBut one of the more sensible posts on WS

[martini069] 12/7/2018 08:14

Da Doo Ron Ron Ron .... a Multi Alias Trolling song that :-)


Back to Range and the soon to be announced 50% increase in Income in current financial year

Next RNS likely to be expiry of 2 lots of options
14 July 2018 £0.01 161,472,247
14 July 2018 £0.02 118,729,593

[nas_daq] 12/7/2018 07:56

The accelerated work thread is very interesting .....current holders who are extremely disappointed with progress voicing their concerns in a pretty constructive way and the ostrich popping in to shout them down.......That debt d day is getting ever closer by the looks, and sounds, of it........Why would anyone ever invest in a company with accumulated losses of 390m

[lewisyfawr] 12/7/2018 07:24

Think I can pin WTI oil price down in next 4-6 weeks. Between $55 and $300 a barrel according to speculative guesses I have seen. Would have thought Range would be happy to bang any of those figures into their revenue stream. Most likely price by end of Aug 2018? My guess would be $67 -$75. So many variables outside of the control of Range shareholders - or even Range management. But it should be good for us.

[lewisyfawr] 12/7/2018 07:15

Have looked at these other boards and they seem to be having frank and friendly discussion like every other share board on every share.

Lot of shares in worse position than Range. In fact, I can never remember Range being in a better position at any time since I bought my firat lot for about 1.3p in March 2014.

Lot of pain before March 2014, that is obvious and I only became aware of that when I realised Range shareholders had formed a trades union/friendly society called RIG. And some pain since too, with two suspensions and a couple of management changes. And public meetings in Australia with a lot of theatre.

But despite all of that, Range is still here (yma o hyd in Welsh) and has done or is doing better than many small oil shares. We don't any more have the out-of-control spin of Landau days or more sophisticasted spin of WPP under Rory.

Potential financial backing in China that could knock spots off other companies, and we will know some of finance plans before end of 2018. DYOR. Have a good day. England unlucky but could finish third and European teams have out-performed S American teams like Brazil and Uruguay.

[nas_daq] 12/7/2018 07:05

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

[celticheart07] 12/7/2018 00:22

Careful Nas, you are getting personal again and it is not just me watching your posts

[nas_daq] 11/7/2018 23:19

Having a look on that thread loadsadebt reminds me of Nero whilst Rome is burning, everyone else has worked out what is going on and he is just like a rabbit caught in headlights, no doubt his precarious financial position is contributing to his inertia......lol

[thebreadmaker] 11/7/2018 22:49

I agree Nas. I think it will be between $60-65 in next 4-6 weeks

Trump will get what he wants - yanks will not want to pay more than 3 bucks a gallon for gasoline

[nas_daq] 11/7/2018 22:48

The penny hasnt dropped for the lead ramper spouting on about revenue, they could have income of 50m dollars but its pretty useless if their expenditure is 60m dollars.Based on loadsadebt figures the best they can earn is 20m at 73.50 dollar/barrel and their expenditure is 25m dollars including interest, there is no allowance there for indo capex or SPT Have to say can't see them averaging 73.50 for the whole year so I think the losses are going to be 10m +

[nas_daq] 11/7/2018 22:29

Breaking $72 on the chart is big," said John Kilduff, founding partner at energy hedge fund Again Capital."There's no real support. You're seeing some at $70, but we could go down to $64, where we took off from."Oil prices fell along with stock markets and other commodities after the Trump administration threatened to slap tariffs on another $200 billion in Chinese goods. The prospect of a worsening trade war has raised fears of slower global growth that could clip demand for oil.

[thebreadmaker] 11/7/2018 22:28

More sensible posts on WS tonight

“The progress isn’t enough or quick enough, the company is staring down the barrel.
When the loan is due only LO will refinance it, nobody else in their right mind would touch it. LO are in a hole it’s either a refinance with security over the assets or a D4E with massive dilution and LO effectively taking control.

Like I said we need 1000s of bopd. At the moment this company is a zombie slowly burning the cash pile until crunch time”

“The only way out I can see is if they can do an LO.. Use RRDSL to completely shaft someone else”

[nas_daq] 11/7/2018 21:46

So it's risen even more in cocoland.....heeheehee

[thebreadmaker] 11/7/2018 21:44

Nas it’s now $70.38

[nas_daq] 11/7/2018 21:41

70.62>74.11 in cocoland