Range Resources Share Discussion Threads

[thebreadmaker] 12/7/2018 17:16

WTI below $70 as predicted

Will be $65 before month end and $60 by August with current climate unless political landscape changes

Trump will win this battle over oil price

[celticheart07] 12/7/2018 17:15

I have already clarified my mistake, the comment was made by Nas_daq but the heading was ASEYHO. My mistake was in a attributing the comment to you and for that I apologise.

[aseyho] 12/7/2018 17:13

Jees, types,

* relay = reply
* faction = factual

but you probably get the general jist.

[thebreadmaker] 12/7/2018 17:13

ASEYHO - that’s what some do to discredit your views.

More sells this afternoon but not one single buy

Sells 1,092,409 495,794 1,500,666

Folks are leaving and I would hate to be there at the bitter end. Best get out with some of your dignity

[aseyho] 12/7/2018 17:09

"Sorry ASEYHO, would you like to explain how you believe Range are barred from increasing their assets in Trinidad. You wouldn't by any chance be referring the failed attempt to buy Trin's offshore assets while Range was still de-listed would you?"

Hi,

Re your comment. I did not mention any of what your relay indicates. I was simply replying directly the the 145 barrels comment that lewis made. I believe my comment was faction, give or take 2% on the percentage share.

Not sure why you are putting words in my mouth that were never mentioned, hinted at, or contemplated in my direct reply to Lewis.

Not ever comment is an attack on you or the company, as was the case here, simply a comment to Lewis.

[nas_daq] 12/7/2018 15:58

Oil looking good69.67>70.38 in cocolandHeeheeheehee

[nas_daq] 12/7/2018 15:36

And with only 30 workovers for the rest of the year depletion will take its toll on production. Range will do extremely well to maintain 820 never mind an increase......It is a shame they have no cash left....mind you perhaps it isnt as history shows they are good at squandering cash.......

[nas_daq] 12/7/2018 15:34

Succinctly put by a genuine holder......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

[lewisyfawr] 12/7/2018 15:11

Our share price is 100% higher on ASX than last November. And oil price remains well over $55 at $70 in these very turbulent times in Trumpworld. Exciting times ahead for our naughty young poster Bread-Samon-Dodge-Nas. At least he or she all agree with each of their other board names. Happy families.

[nas_daq] 12/7/2018 14:49

Have you seen oil in cocoland is up again70.26>70.38.... :)

[thebreadmaker] 12/7/2018 14:44

Can’t really argue with a lot you have said Nas.

Share Price reflects this and lack of buys at historically low prices

Reading your post you can understand why nobody is buying this POS

[lewisyfawr] 12/7/2018 14:42

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 or CH or ASEYHO today 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.

[lewisyfawr] 12/7/2018 14:41

CH. I cannot see where ASEYHO has mentioned Trinidad in his 1321 post. My post and his reply was about Indonesia RNS last week, wasn't it. Anyway, he said he was rushing out so you probably won't get a response till later.

Just as post-script, I feel a lot of shareholders find it difficult to just know where Range are, what mistakes they are making, what successes they are having. This is drip-feed of news and must be quickly addressed if they are to avoid the lack of salary increase of last year. I think they need to massage share price up to .8p and above by late Autumn. And go on from there.

Martini. Thanks for clarification. Yes, speculate to accumulate. In 2014, people were seriously talking about Range getting out of the Vanorama (AIM) and into Division 2. It could still happen, and many of us still have our dreams.

[nas_daq] 12/7/2018 14:37

Some rampers werent to keen on this being made public and did their very best to try and keep it quiet but the facts speak fir themselvesWhen 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

[lewisyfawr] 12/7/2018 14:36

CH. I cannot see where ASEYHO has mentioned Trinidad in his 1321 post. My post and his reply was about Indonesia RNS last week, wasn't it. Anyway, he said he was rushing out so you probably won't get a response till later.

Just as post-script, I feel a lot of shareholders find it difficult to just know where Range are, what mistakes they are making, what successes they are having. This is drip-feed of news and must be quickly addressed if they are to avoid the lack of salary increase of last year. I think they need to massage share price up to .8p and above by late Autumn. And go on from there.

Martini. Thanks for clarification. Yes, speculate to accumulate. In 2014, people were seriously talking about Range getting out of the Vanorama (AIM) and into Division 2. It could still happen, and many of us still have our dreams.

[nas_daq] 12/7/2018 14:19

Good to see sellers nibbling at the bid, cant be long before the all time low is reached........

[nas_daq] 12/7/2018 14:18

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

[celticheart07] 12/7/2018 14:15

Sorry ASEYHO, would you like to explain how you believe Range are barred from increasing their assets in Trinidad. You wouldn't by any chance be referring the failed attempt to buy Trin's offshore assets while Range was still de-listed would you?

There is nothing to indicate that there is a ban on range acquiring assets now that they are listed again.

It seems to me you have been banging this drum before under another name.

[nas_daq] 12/7/2018 14:01

ASEYHOIN just under 5 days range managed to get net production of 33.35 barrels of oil from Indonesia, I know that may seem like a good result when they have been barred from increasing their licenses in their main producing asset, Trinidad, by the regulators but I think most investors know thats not a great return on the capital invested.As to expiring share options reducing the amount of shares in issue that's almost as silly as someone saying will range pay a dividend soon, I do believe some clown asked that in the q&a.Some investors really should not be allowed a dealing account, whereas others should stick to Jackanory for bedtime tales......

[lewisyfawr] 12/7/2018 13:58

ASEYHO. You are about right. I think it is 23% belongs to Range with a higher percentage if we hit targets. Which looks like we will. The amount of oil and quality in Perlak field makes development there a good strategy for Range imho.

Price as I write is .175. Sells at .15, buys at .195p. Down on last week when we went 14% up to .2p on Perlak announcement. We have always needed a supply of news to lift sentiment and volume. Company starting to realise that. Should be at least 2 events in rest of July:
1. Q3 report, which you can see from Martini research will be 4th significantly better quarter in a row.
2. Share base reduce from 7.6bn to 7.3bn (probably be announced 16 July

[thebreadmaker] 12/7/2018 13:23

Share Price now 0.15p

Did say this would happen


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