Range Resources Share Discussion Threads

[rangenoresources] 10/1/2020 09:35

Another week passes and no sign of the police. Are they really coming?

[rangenoresources] 10/1/2020 09:34

Another week passes and no sign of the police. Are they really coming?

[rangenoresources] 10/1/2020 09:34

Another week passes and no sign of the police. Are they really coming?

[rangenoresources] 09/1/2020 05:12

I wonder if the ego is going to post on the correct thread today?Poor old sod posted on this Range thread. He does realise Range are no more?

[bannedintrinidad] 08/1/2020 15:38

Just found this old post and I know how much Celtic regrets nit taking heed of the facts.....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.GLABF

[bannedintrinidad] 08/1/2020 15:19

RnrDo you think he is posting here because he is too scared to post anywhere else?It's only right readers know what a lying keyboard coward scumbag he is.....

[rangenoresources] 08/1/2020 15:10

Can you confirm if you are invested in Star Pheonix or Star Phoenix?

[rangenoresources] 08/1/2020 14:01

Are you peeking again Celtic?Police story not working out for you?What is not to like?

[rangenoresources] 30/12/2019 07:14

What a week!Still no sign of the police Starting to think the ego is lying againAnyone seen or heard from the ego?

[robot ic1] 12/12/2019 13:56

Black gold hammering up

[lewisyfawr] 06/12/2019 08:53

Like the new logo - with emphasis on PHOENIX. Looks like someone has a lot of works to do on website. Presentation from AGM not yet available. share price should be showing in new money (3.5p) and in London only - but not yet on website.

And mission seems inappropriate for new company - still concentrating on oil production when focus will be very different now.

[rangenoresources] 05/12/2019 18:52

Blame Celtic He is on the Star Phoenix thread that he has spelt Star PheonixHe will appreciate your comments

[rangenoresources] 05/12/2019 16:51

Via Star Phoenix or Star Pheonix if you are Celticheart07

[catchingmice] 05/12/2019 15:56

Where is the RNS Statement then ?

[catchingmice] 05/12/2019 08:56

As this ceased trading ?

[robot ic1] 05/12/2019 08:44

All that glitters is not gold , what you invested in was fools gold.

[rangenoresources] 05/12/2019 06:19

Are the police coming on foot or just in the ego?s head?I am sure they will be giving him a day by day update and I can see it going to the Old Bailey

[rangenoresources] 05/12/2019 06:18

Are the police coming on foot or just in the ego's head?I am sure they will be giving him a day by day update and I can see it going to the Old Bailey