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[celticheart07] 12/6/2019 10:37

Hi Robot, that is why I don't often reply to it and then only to correct the lies.

[robot ic1] 12/6/2019 10:09

celtic , The poster who has mental health problems is winding you up.

See it for what it is .

A padded cell might help him.

[1manos] 12/6/2019 09:27

.Rnr
Sheikh Khalid might buy Pogba for us though 😂

Then again he might buy a mighty oil producing oil company
Operating out of a beach hut ha ha ha
No seriously lol

[rangenoresources] 12/6/2019 09:18

Manos - Range will be bust before this goes to court. More chance Ashley spending £100m on Pogba for the Toon

[rangenoresources] 12/6/2019 09:15

Of course it does Celticheart07 Why would it not in your eyes?Have you read the submissions from both sides?This is why you are ridiculed on this and other boards by pretending to be a "know it all"You know they won't win this case. It will go on for years and years

[1manos] 12/6/2019 09:15

Ranges legal advisor will be Peter Landau or Beardsley

Take with a huge pinch of salt

They couldn't afford any legal action unless they get legal aid.

Read LSE to see what's happening

[celticheart07] 12/6/2019 09:07

Range advises that its legal advisers have submitted a Notice of Arbitration against the State of Georgia. The Notice of Arbitration has been submitted in respect of the wrongful termination of the production sharing contract over Block VIA dated 29 March 2007 in Georgia (the "PSC"), resultant losses suffered by the Company as an "Investor" within the meaning of the Energy Charter Treaty 1994 (the "ECT") and/or unlawful expropriation of Range's Investment in breach of the State of Georgia's obligations pursuant to the ECT.

The Company is seeking damages currently estimated at approximately US$21.9 million as well as interest on these amounts calculated at approximately US$1.7 million.

Looks like a pretty strong case to me under international law

[rangenoresources] 12/6/2019 08:58

I really hope this happens There is a risk that oil prices could drop to as low as $30 a barrel because OPEC and its Russia-led allies could produce more oil by the end of the year than market demand, Russia's Energy Minister Alexander Novak said on Monday in comments suggesting that Russia could be on board with extending the cuts.Earlier, Russian Finance Minister Anton Siluanov said that the price of oil could drop to $30 a barrel if OPEC and its partners fail to agree on extending the production cuts that currently expire at the end of June.

[1manos] 12/6/2019 08:46

Great news for Daleks mind

You can fill ya aeroplane up at Tesco
2p a litre cheaper

[rangenoresources] 12/6/2019 08:42

Robot - are you a wind up merchant?If so please carry on with your posts

[rangenoresources] 12/6/2019 08:41

Poor old Range. Do they really think they are going to sue a country and win?So deluded. I bet the rampers where expecting news on the school scam project

[1manos] 12/6/2019 08:38

This scam was making one poster very ill
SS1 he lost a lot.
But sold out at multiples of this suspended junkyard,
He must have a wry smile on his face now.

[robot ic1] 12/6/2019 08:29

Qantas , black gold hammering up just like we said it would do .

[1manos] 12/6/2019 08:27

If carlsberg did penny shares scams then

RRL would probably be the best in the world

Every CEO has been world-class tho.

[robot ic1] 12/6/2019 08:26

Qantas , .you only need to read the long posts on here ,to see that mental health is affecting posters.

OIL HAMMERING UP

[rangenoresources] 12/6/2019 08:16

Skin - or that they are finished in oil & gas With WTI dropping like a stone their debt is going up and up

[rangenoresources] 12/6/2019 07:33

What a beautiful morning WTI down 2% and 28 degrees with not a cloud in the skyLife is great

[rangenoresources] 12/6/2019 07:30

Manos - it's great to see the rampers call it wrong yet again. They called Range wrong as well2 predictions 1. WTI will fall below $502. Range will not survive in its current guiseThe school scam is just another one of their attempts to cream more money out of investors

[1manos] 12/6/2019 06:56

Bad news for Davros and his Taffy Daleks
WTI is hammering down $52a pop
Exterminated hahahaha..... nevermind eh😤

[rangenoresources] 11/6/2019 23:46

Read and weep. I did say this would happen A few weeks ago, OPEC+ was mulling the possibility of exiting the production cut agreement because the oil market was at risk of over-tightening. Now Saudi Arabia is scrambling to extend the cuts and may even unilaterally lower its own production further in an effort to head off a price slide.On Monday, officials from Saudi Arabia and Russia reportedly discussed a possible scenario in which oil prices crashed below $40 per barrel, a recognition that the market has rapidly deteriorated. They view that outcome as a possibility if they can't agree on an extension. "Today there are big risks of oversupply," Russian Energy Minister Alexander Novak said in Moscow after meeting with Saudi oil minister Khalid al-Falih. "We've agreed that we need to run a deeper analysis and to see how events unfold in June."Russian President Vladimir Putin seemed to fuel speculation of a rift in Vienna in comments to Interfax news last week. "Of course Saudi Arabia wants oil prices to remain higher," the Interfax news agency quoted Mr. Putin as saying. "But we have no such need due to the more diversified nature of the Russian economy."The Saudis, of course, are desperate to prevent such a downward spiral. "Both at the bilateral and the OPEC+ level, we work in order to take preventive steps so as not to allow that scenario to happen," al-Falih said in Moscow. He is undoubtedly trying to convince Novak of the wisdom of extending the production cuts. Perhaps to sweeten the pot, Saudi Arabia is considering investments in "multiple" projects in Russia, including the Arctic LNG 2 gas project, a stake in Russian petrochemical company Sibur Holding, along with other projects in partnership with Gazprom and Rosneft,The outlook for the oil market has darkened rather quickly. Less than a month ago, the IEA predicted a rather significant supply deficit in the second quarter even as it acknowledged some cracks in demand. But since then things have seemingly taken a turn for the worse, with oil posting its worst month since the financial crisis.A growing number of analysts are drawing up downbeat assessments for the oil market next year. "The balances for 2020 were already worrisome, and the downgrade in demand we are contemplating put them potentially in the ugly category," Roger Diwan of IHS Markit Ltd. told Bloomberg. Notably, top analysts see a supply surplus next year even if output from Iran and Venezuela fails to rebound. For instance, S&P Global Platts, as of now, estimates a surplus of 400,000 bpd in 2020, while the EIA puts the glut at a more modest 100,000 bpd. IHS Markit sees a whopping 800,000-bpd surplus.

[celticheart07] 11/6/2019 23:43

Wall Street cutting off financing for shale. The red ink accumulated by U.S. shale companies is making it difficult for them to access capital markets as investors are growing tired of the poor returns. New bond and equity issuances have ground to a halt, forcing more asset sales. If low oil prices persist, bankruptcies could begin to pile up. Source: Oilprice.com

Now that will have a significant impact on American shale oil production.

[rangenoresources] 11/6/2019 20:19

Read and weep rampers Bloomberg) -- Oil bulls thought 2020 would be their year - so do some posters on this board ($100 ha ha ha)After half a decade of lower spending on new projects, oil production growth was supposed to slow to a trickle just as demand was supercharged by a once-in-a-generation shake up in the shipping fuel market. Many market commentators predicted that if $100 a barrel-oil was going to make a come back, it would happen in 2020.Excitement is fading fast. The first official assessment of 2020 comes from the International Energy Agency on Friday, but a first look at forecasts from consultants and traders for supply and demand balances show persistent surpluses, not the deficit that was expected to underpin rising prices.The culprits: rising shale production, a slowing global economy and the prospect of a deepening trade war."The balances for 2020 were already worrisome, and the downgrade in demand we are contemplating put them potentially in the ugly category," said Roger Diwan, an OPEC watcher at consultant IHS Markit Ltd.Consultants and oil traders have already taken a first stab, and their supply and demand results show, at best, a balanced market. Many forecast supply will exceed consumption, perhaps by a large margin.The oil market, showing characteristics typical of an equity market, is already starting to reflect the potential for a surplus in 2020. Despite a tight physical market due to Russia's pipeline contamination crisis and U.S. sanctions on Iran and Venezuela, oil prices briefly dipped below $60 last week, down more than 20 percent from a high above $75 in late April."The market is asking why it should bother going long for just three months when the future looks bleak," said Amrita Sen, chief oil analyst at Energy Aspects Ltd.The bearish outlook for next year is a problem for the OPEC+ alliance led by Saudi Arabia and Russia. If the 2020 forecast proves correct, the group may be forced to keep in place its output cut far longer than originally anticipated to prevent a surge in global oil inventories.The OPEC+ alliance is set to meet in the next few weeks in Vienna to discuss its production policy for the second half of 2019.The bulls weren't completely wrong in their analysis for next year: the shipping fuel changes, known as IMO 2020, are all but certain to boost demand for diesel, perhaps pushing that particular corner of the petroleum market into a deficit. However, supply growth, fueled by a resilient U.S. shale industry, continues to surprise to the upside.Market Dynamic"The dynamic of the market has changed because of shale," Ben van Beurden, the boss of Royal Dutch Shell Plc, said in a panel at the St. Petersburg International Economic Forum last week."There is growing evidence of a sharper-than-expected slowdown in demand," said Martijn Rats, oil analyst at Morgan Stanley in London. Across the world's top oil consumers, year-on-year consumption growth came to a halt in March. April demand figures, still preliminary, also show little increase.The first tentative glances into 2020 by oil consultants are nearly unanimous about the prospect of oversupply -- a view shared in private by major commodity trading houses. The surpluses are all the more remarkable because none is predicting a recovery in Iranian and Venezuelan output. Over the last year, the combined output of the two troubled OPEC producers has dropped roughly 2.2 million barrels a day -- equal to what Germany consumes.S&P Global Platts, the owner of what was previously named PIRA Energy consultants, put the surplus next year at around 400,000 barrels a day in a report to clients in May. The Energy Information Administration, the statistical arm of the U.S. Department of Energy, sees a 100,000 barrel-a-day excess. And Energy Aspects, another influential consultant popular with hedge funds and big trading houses, sees a "large" stock-build of 500,000 barrels a day. IHS Markit expects a total surplus of 800,000 barrels a day next yearThe surpluses, however, mask notable differences within the petroleum market, with most consultants anticipating a larger overhang in refined products than in crude.Although the Paris-based IEA hasn't yet published its first detailed look into 2020, it offered some glimpses of its thinking earlier this year when it published a 5-year outlook from 2019 to 2024. In that report, it forecast oil demand next year at 102 million barrels a day, and production from non-OPEC countries plus condensates from OPEC at 71.9 million barrels. That, effectively, will leave a gap for OPEC crude to fill of just 30.1 million barrels, close to the cartel's current production.Since the publication of the report, the IEA has raised its non-OPEC supply view for 2019, and lowered its demand forecast, suggesting that if the cartel keeps pumping at current levels, production will exceed demand in 2020.

[lewisyfawr] 11/6/2019 15:01

Looks like skin is back from suspension. Someone to talk to, Ron. Save you from removing radiators and putting them back in your retirement home. Get back on your computer and tell the world how great it is when oil price is really low. Manos agrees with you, he can take his moped for a spin when it is cheap at pumps.