Range Resources Share Discussion Threads

[aseyho] 13/7/2018 07:51

"Are you influencing shareholders? No"

Well that's clearly not true as you and others spend parts of your day reading and, more importantly, responding and encouraging said post.

If the posts were as inconsequential aß you say, you would just ignore and not reply, but you, and similar just can't help continuing the dialogue.

[thebreadmaker] 13/7/2018 07:50

Oil price down ✅
Share price down ✅
Volume down ✅
Shares bought down ✅
Wells drilled down ✅
Debts up ✅
Warrants not actioned as targets not met ✅
No RRDSL contracts ✅
Waterflood a disaster ✅
PR a failure ✅

Wonder why Range are in the precarious position they are in?

Will the last shareholder turn the lights out when they leave

[thebreadmaker] 13/7/2018 07:48

I like the response from Razzle and Caneries60 on WS to Loadsofdebts 😂😂

“Loadsa, no one is arguing there hasn't been progress....it's just that it's too little, too late.

Both waterflood projects appear to have stalled and are being now being marketed as lessons learnt (see Q and A). Expensive lessons learnt.

Indonesia if all goes well will add 35 bopd this year. As Canaries says 'meh'.

How long will it take to get new waterflood projects up and running?

They seem to be in no hurry to accelerate development drilling in TT....the review has been ongoing since May.

As I say the only thing that might save us is an RRDSL contract and then the margins are slim.

In short we are unfortunately screwed as LTH's. The board have no interest in the share price....perhaps the whole idea is to drift until LO money is due, LO refinance but effectively own the entire company. That scenario is only 18 months away.

Next small jump I am out after 7 years and at least 90% losses”

“Loadsa, you were doing well until you went all Celtic on us, talking about someone suppressing the share price.

No one is suppressing the share price, for one simple reason...NO ONE IS INTERESTED IN THIS SHARE.

Let’s see what happens to the share price with FY accounts. I’m going for 20% up, then a 3 month drift back down, because, again, NO ONE IS WATCHING AND NO ONE CARES.

Now, where are those Tena pads....?“

[mr_blonde] 13/7/2018 07:47

Good news out from Columbus this morning who have a very able and dynamic CEO unlike Range who seem to be plodding along searching for direction.

Can some of the experts on here explain why Range have suddenly decided to get involved in a project on the other side of the world from Trinidad all for around 50bopd.

Also why did Range suddenly decide to get involved in Drilling Services rather than oil production. This move seems to have failed with no significant projects won to date.

Could it be that Range have fallen out of favor with the Trinidad authorities, and are trying to diversify the business, if so why?

[nas_daq] 13/7/2018 07:28

Its gonna be a fun day loadsadebt, love that name, is back to his rampy best and sounds more like the moderator of the site by the day here is the first paragraph to have a giggle at, there is plenty to laugh at through the dayNo guarentees with drilling or waterflood, thats obvious.Remember back in the day when Liardau talked about 10,000 bopd for Range ?I dont recall such rampy predictions with new lot, they have learned their lessons & if anything are under playing/promising & over deliveringObviously has a very short memory as their year end target for 2017 was 2500 bopd and 6 months after year end they made amazing progress to 820 bopd heeheeheehee looks like he may have had the same Maths teacher as coco1Plenty more of coco3 pearls of wisdom later......lol

[lewisyfawr] 13/7/2018 07:18

G'mornin Manbredodnas - glad you are safe after swimming with turbots round the Hebrides. Now you can move across to your other screen and post something intelligent and try and spam board as bread or Nas and talk to yourself about how clever you are.

To say, as you did early this morning, that Range is precarious is so obviously true. Which of the 7.6bn shareholders (well, some have got a few shares) think it is not precarious and was precarious even in heady Landau days when we were fed lies almost daily. Most blue chip shares are pretty precarious and I would say all AIM shares are. Most are a lot worse and more precarious than Range, it seems.

I worked for a company some years ago who were so precarious that I wondered if I could get through the gates to my office every week. We could not pay our sugar suppliers for about 3 weeks and told customers that we were having difficulty with deliveries but would have everything on shelves soon. We turned it round in less than a year, paid every bill on time and it is now considered a blue-chip company and safe for investors.

So all AIM companies are probably precarious. Yet you keep telling us all the reasons Range is going down the tubes and hardly ever post about any other shares. It is an absolute mystery to me why you bother. Are you influencing shareholders? No. Are you influencing company strategy? No. Will you vote against Range in AGM? no, because you hold no shares.

[1manos] 13/7/2018 00:38

Apart from all that everyone happy😵

[thebreadmaker] 12/7/2018 22:21

Oil price down ✅
Share price down ✅
Volume down ✅
Shares bought down ✅
Wells drilled down ✅
Debts up ✅
Warrants not actioned as targets not met ✅
No RRDSL contracts ✅
Waterflood a disaster ✅
PR a failure ✅

Wonder why Range are in the precarious position they are in?

Will the last shareholder turn the lights out when they leave

[nas_daq] 12/7/2018 20:19

I see the Chinese are very happy to have Tesla build a factory in their country, cant be good news for oil, no wonder the Saudis are keen to ratchet up production so quickly.......

[thebreadmaker] 12/7/2018 20:03

Excellent analysis. Why not sell your Range shares and short oil. It’s the only way you can make money

hxxps://community.oilprice.com/topic/2840-oil-went-below-72-as-predicted-now-headed-for-52/

[nas_daq] 12/7/2018 18:58

And a bit of cash.....

[nas_daq] 12/7/2018 18:57

Wasn't there 3 posters on here that said it would go higher?I think there used to be 4 but one got lost dreaming of riches by investing in range......

[nas_daq] 12/7/2018 18:47

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.

[nas_daq] 12/7/2018 18:46

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

[nas_daq] 12/7/2018 18:45

On second thoughts why am I replying ......the wealth warning seems to be doing the trick ...I will return to warning others not to listen to you....

[nas_daq] 12/7/2018 18:38

This Transaction was subject to various conditions including regulatory approvals to assign operatorship of the West Coast Assets to Range. The regulators were unable to gain sufficient comfort on the transfer of ownership and operatorship, and therefore have not approved the assignment. Without regulatory approvals the sale of the West Coast Assets to Range will not complete, and the deposit of US$4.55 million, currently held in escrow, is expected to be released to Range under the terms of the SPA and related escrow agreement.Its there in black and white taken from an RNS from trinity range declined to offer a reason they were blocked from the licence at least some companies are honest and upfront. They DID NOT GET REGULATORY APPROVAL TO SELL IT TO RANGE AS THEY CANT BE SURE WHO THEY ARE TRANSFERRING THE LICENCE TOnothing to do with being de-listed as you tried to spin it on.

[thebreadmaker] 12/7/2018 18:37

As predicted - oil price to fall further

hxxps://oilprice.com/Energy/Crude-Oil/Oil-Prices-Crash-As-Libya-Resumes-Production.html

[celticheart07] 12/7/2018 18:27

Strange as it might seem but real people can actually talk about things in a civil manner not just throw out spiteful and childish comments designed to feed your argument.

No twisting of facts involved, I attributed one of your comments to another poster and have apologised to that poster for doing so. You on the other hand tried to mislead once again by claiming that future developments in Trinidad have been blocked. Show us some evidence to back up that statement or withdraw the comment.

[aseyho] 12/7/2018 17:25

Ok, no worries ch