Range Resources Share Discussion Threads

[rangenoresources] 25/2/2019 14:50

Back to Range as the rampers seem to want to talk about football and their heritage Not long now for the 4.5 billion shares to be issuedWhat is not to like?

[lewisyfawr] 25/2/2019 14:45

And the first man to discover USA was Prince Madoc about 1300. He set sail from Llandrillo-yn-Rhos, which was then mouth of the River Conwy (river now runs out to sea bewteen Conwy and Deganwy)

[qantas] 25/2/2019 14:16

Looking goog USA opens in fifteen minutes.

Please do your own research as always.

[dodge_city] 25/2/2019 14:16

The English invented Football, Cricket and Rugby.

What have the Welsh invented?

[lewisyfawr] 25/2/2019 13:56

Thanks, ASEYHO. I asked troll on 21st July why he posted, when he has no interest in Range. It seems to be because he has a vendetta against CH. But he won't tell me why he is here. Anyway, he is due to run out of cash on 18 March and possibly his computer will be auctioned to help pay his creditors. So we will never know until he meets Old Nick or Old Bill, whichever is first.

[aseyho] 25/2/2019 13:43

"IT WAS NOT FAULT OF CELTIC."

Well that seems like a rational post.

Nice use of caps

[lewisyfawr] 25/2/2019 12:38

"If Range have not run out of money, can somebody explain why a 4.5 billion share placing will happen shortly?" (nasron)

Cos they want some more money. And us shareholders have voted extra shares through. Keep up, troll.

"Obviously football is more important on the range thread than the 90% drop in mcap over the last 18 months" (nasnas)

Very intelligent post for a change, nasnas. As Shankley once said: "football is not life and death; it is far more important than that."

"School finished earlier today or is it half term?" (nasron)

It is half term this week in Wales. Will dedicate all my extra time to posting here.
🤣🤣🤣🤣9315;🤣

[lewisyfawr] 25/2/2019 12:36

"If Range have not run out of money, can somebody explain why a 4.5 billion share placing will happen shortly?" (nasron)

Cos they want some more money. And us shareholders have voted extra shares through. Keep up, troll.

"Obviously football is more important on the range thread than the 90% drop in mcap over the last 18 months" (nasnas)

Very intelligent post for a change, nasnas. As Shankley once said: "football is not life and death; it is far more importnat than that."

"School finished earlier today or is it half term?" (nasron)

It is half term this week in Wales. Will dedicate all my extra time to posting here.

[nas_daq] 25/2/2019 12:22

Rnr

Obviously football is more important on the range thread than the 90% drop in mcap over the last 18 months, what an Ostrich

🤣🤣🤣

[rangenoresources] 25/2/2019 12:19

If Range have not run out of money, can somebody explain why a 4.5 billion share placing will happen shortly?You do have to question the intelligence of some posters on this board

[rangenoresources] 25/2/2019 12:17

School finished earlier today or is it half term?

[celticheart07] 25/2/2019 12:09

Although the modern day game of football was developed in the UK the game has existed far longer than that in one form or other. Kemari is an ancient ball game that has its origins in Japan, and has some similarities to the modern sport known as association football (more commonly known as football in the UK or soccer in the US.

[rangenoresources] 25/2/2019 11:38

18 months ago market cap was over 25mToday it's less than 3mJust let that sink in

[nas_daq] 25/2/2019 11:04

Written 18 months ago but more pertinent now

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.

[rangenoresources] 25/2/2019 10:24

Last paragraph really relates to Range. They will find it increasingly difficult to raise fundsAs Nas once said they are Donald Ducked

[rangenoresources] 25/2/2019 10:22

Excellent newsGlobal oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies (NOCs).Increased shareholder activism, combined with global warming policies of institutional investors and NGOs, are pushing IOCs in a corner, constricting financing options for oil companies. The first signs of a green revolution in the shareholder-investors universe are there, as investors have forced Dutch oil and gas major Shell to officially change its strategy, investing in more renewable energy and energy storage. The Dutch IOC wasn't forced by to do so because of mismanagement or a lack of reserves but due to a well-orchestrated investor/stakeholder offensive. Several other peers, such as BP, ENI or Total, are expected to experience comparable situations.And it has become clear that not only oil and gas giants are being targeted, after one of the world's largest mining and commodity trading companies, Glencore, decided to put a limit on its thermal coal investment. The group stated that this was done after it was confronted by a largely unknown shareholder network called Climate Action 100+, which claims to be backed by more than 300 investors, managing assets of around $32 trillion. The group was founded a little over a year ago but has already forced oil majors' boardrooms to take radical decisions.The above shows that international hydrocarbon and mining sectors are facing a new obstacle, being confronted by large groups of socially and environmentally engaged shareholders, which are no longer looking at commercial value only. A combination of activist institutional investors, international pension funds and NGOs, is a new force to be dealt with. Stock-exchanged listed companies will need to address the will of their shareholders, especially with regards to climate change policies or decarbonization of the economy. After decades of having focused on creating maximum shareholder returns, things have changed dramatically, but maybe not for the better.For Climate Action 100+, which includes investors such as Calpers, Allianz SE, and HSBC Global Asset Management, making profitable investments remains a top priority, but they will no longer look accept a passive stance towards climate change. Without complying with the demands of NGOs and socially engaged investors, access to new capital for new oil and gas upstream projects will be reduced. Some even expect that the role of Western IOCs could decline in the next couple of years, due to political shareholder engagement policies. To force IOCs, such as Shell or BP, to comply with policies that would halve their "net carbon footprint" by 2050 could result in a death-wish for these companies in the long-run.The demise of IOCs, as we know them right now, could come sooner than many may expect. This will, of course, come at a cost for energy-hungry regions or consumers. With a net demand growth for oil and gas in the coming years, the world will need all hands on deck to support upstream investments to bring the hard-needed oil and gas reserves and volumes to the market. With less financing options for IOCs, and also oilfield services, the already existing investment gap in upstream investment worldwide will only grow wider. In contrast to what some media sources are suggesting, oil and gas demand will not diminish, on the contrary, oil and gas prices will rise due to a lack of supply.That this picture is not a future nightmare scenario but is already the reality, is shown by the fact that a growing amount of smaller oil and gas companies have become insolvent. The latter is partly caused by "global warming constraints" and lower oil prices in general. The first casualties are falling in Europe, mainly the UK, where 16 companies went bankrupt in 2018, in comparison to zero in 2012. British accountancy firm Moore Stephenson stated that lower prices were the main cause. At the same time, increased costs (North Sea decommissioning) and lower oil price expectations are doing the rest. If the international financial markets are going to take over the doomsday scenarios presented by pressure groups and NGOs, independent oil and gas companies are going to be hit extremely hard. No investor is willing to invest in a sector or company that looks to hit rock-bottom in the next decade. Stranded reserves reports, as presented by the Bank of England and others, are not helping at all to change perceptions.

[qantas] 25/2/2019 09:57

looking good black gold going higher.



Please do your own research as always.

[rangenoresources] 25/2/2019 09:26

Celtic - thank you for making your pal look a fool. Hopefully soppy bullocks will apologise

[1manos] 25/2/2019 09:16

They were playing footy at alnwick castle in circa 1572 ask Harry hotspurs

[celticheart07] 25/2/2019 09:01

www.fifa.com/about-fifa/who-we-are/the-game/index.html

History of Football - The Origins. It all began in 1863 in England, when rugby football and association football branched off on their different courses and the Football Association in England was formed - becoming the sport's first governing body. Both codes stemmed from a common root and both have a long and intricately branched ancestral tree.