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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Range Resources Limited | LSE:RRL | London | Ordinary Share | AU0000065989 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.035 | 0.03 | 0.04 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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04/2/2019 06:51 | Excellent week last week , celticheart07 aka utter low life pond scum lost another 33% of his paltry investment and is ever closer to admitting his gambling to his partner....couldn | nas_daq | |
04/2/2019 06:51 | Range cannot afford 160 hammock stretchers - factQuick 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? Like to see the Ego answer this oneFinal question ---- just where are the synergies in buying an onshore service company and and offshore well stock. Beats me too.And this is the cherry on the cake as Nas would say | rangenoresources | |
04/2/2019 06:33 | 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 £26.6m Bear 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 | |
04/2/2019 06:24 | You are so deluded it’s hilarious, funny how range always have an excuse for their production issues ......no doubt as you have to your partner for the missing 45k. Storage issues weren’t a problem when they produced 1000 bood in 2016 but an excuse for continually missing their target was needed last year and it seems like they have found one to string the muppet celticheart07, and his troll, along. Range will finally run out of cash this year and fortunately for LO just before they do run out of cash they receive a controlling interest in range .......how convenient.... Get that admission ready cocoheart07 let’s hope your partner lets you stay in the property......on second thoughts pack your bags......🤣& Celticheart073 Feb '19 - 22:23 - 16391 of 16391 0 0 0 I agree, and once Petrotrin get their new venture "Heritage Oil" sorted they will be looking for more oil which will mean that our production won't be restricted by our storage capacity. The sad thing is their refinery was so inefficient and crippled by the oil workers' union it was only taking a fraction of its capacity. Exporting more oil will be good for Trinidad, they are already a major exporter of gas to the US. | nas_daq | |
03/2/2019 22:23 | I agree, and once Petrotrin get their new venture "Heritage Oil" sorted they will be looking for more oil which will mean that our production won't be restricted by our storage capacity. The sad thing is their refinery was so inefficient and crippled by the oil workers' union it was only taking a fraction of its capacity. Exporting more oil will be good for Trinidad, they are already a major exporter of gas to the US. A well deserved win by England and sets up an epic match in Cardiff on the 23rd. | celticheart07 | |
03/2/2019 17:53 | WTI is just as likely to hit $50 as it is to hit $60 Strange how none of the rampers want to discuss the 4 billion placing which is more significant than price of WTI | rangenoresources | |
03/2/2019 17:32 | This link shows how much progress WTI has made lately. [IMG] | celticheart07 | |
03/2/2019 17:31 | WTI closed above $55 a barrel last week, a continued rise this week could put $60 a barrel within reach soon. Some will say this is not significant, I disagree, whatever else it does it increases Range's revenue which has to be a good thing. Petrotrin will sort out its restructuring soon which will allow us to supply more oil and release pressure on our limited storage. That in turn will allow us to produce more oil. | celticheart07 | |
02/2/2019 22:25 | "Looking good as oil price rises" What's looking good? Are you invested in oil futures, never done that myself. | aseyho | |
02/2/2019 20:17 | "Best of luck with your shares." As always I won't hold these for any length of time, no upside in that, but will trade these as a distraction if the opportunity offers itself. | aseyho | |
02/2/2019 18:40 | I agree in the main, ASEYHO. It might make a difference. But don't lose your focus that main task is to get infrastructure completed on Beach Marcelle in Q3. What we have discussed is a side show - but probably important part of "mix". Best of luck with your shares. Nice to see you positive about Range. Have a good weekend. | lewisyfawr | |
02/2/2019 17:09 | Change the name, yeah that'll fix the 572 bopd and 80 mill sent and the company being dilluted by a third just to pay the first interest paiment on a fifth of their debt. | aseyho | |
02/2/2019 15:51 | Oil hammering up. Discussing consolidation of 100/1 vs 1000/1. Possibly changing name to get totally away from landau, OKRAP etc. Quality circles. Marketing, PR etc. Interesting and forward looking, QANTAS. Probably not of interest to one or two, but who cares about the very rude troll. He gives us a giggle - particularly the one with ar*eho*e as his board name. | lewisyfawr | |
02/2/2019 15:03 | Looking good as oil price rises Please do your own research as always. | qantas | |
01/2/2019 23:08 | You missed this gem ASEYHO "Staff involvement (quality circles) and a marketing drive with shareholders - and a return of Q&A."They are absolutely deluded | rangenoresources | |
01/2/2019 22:30 | Here's me thinking the price of oil, continual losses and massive debt were the issue, I didn't realise a new logo on their shirts would sort us out. | aseyho | |
01/2/2019 22:28 | "logo is ok but name needs to reflect its power and drive." Logo and name???? That's what your focusing on. Lol indeed. | aseyho |
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