Range Resources Share Discussion Threads

[alistair4444] 25/4/2010 09:22

Why Russia is extending an olive branch to Tbilisi capital of Georgia and other restive regions - April 2010 - Year and a half after Russian troops rolled into the breakaway Georgian republics of South Ossetia and Abkhazia and declared them independent. But quietly, with minimal fanfare on both sides, peace is breaking out. A crucial border crossing reopened last month, direct flights have recommenced, and Russians have begun issuing more visas to Georgian nationals.

The reason for this sudden warming of relations? In large part, the Olympic spirit of peace-or at least Russia's fervent desire to make the 2014 Winter Olympics in Sochi a trouble-free success. With the Olympic banner now passed from Canada to Russia, the Kremlin wants to do everything possible to ensure that there won't be any more flare-ups over Abkhazia, just 25 miles away from Sochi.

That means soothing differences with Georgia and giving Tbilisi an economic stake in keeping the peace by allowing cross-border trade, once a mainstay of the Georgian economy. Opening the border also helps Russia's main Caucasian ally, Armenia, whose only road access to Russia is via Georgia - As the economy of Georgia continues its strong growth, the domestic consumption is expected to grow rapidly. Thus, the energy sector remains among top priorities for the government and it continues to further reform and improve the functioning of the sector to make it even more productive and sustainable. - Georgia's eleven oilfields with confirmed reserves of 28 million tons have yet to be explored. Larger oil reserves are assumed to exist. The oil potential of the Black Sea shelf is estimated at between 70 million and 1.3 billion barrels. Oil extraction and exploration works are conducted by both Georgian and foreign companies.

[simonaj30] 24/4/2010 18:24

Great thanks for your replies. Pretty bullish about this share, I feel its a bit of a find.

[7kiwi] 24/4/2010 18:07

200bcf of gas is ~33mmboe. Well worth it.

2tcf would be an absolute bumper amount of gas, particualrly conventional on-shore USA. I don't think we'd have anything like that much.

As far as I know the 700m shares is spread across LSE and ASX.

[simonaj30] 24/4/2010 17:38

Hi,
I have recently taken up a small stake in rrl, as it is a good way to maintain interest in a share while watching it. Thanks to the posters who patiently post and re-post information on the company, it helps support research. I have a couple of questions. We are waiting for results on t smith #1. I understand that the possible results would be 200bcf of gas and 10mb of oil. Is this recoverable gas? I thought that it was not really worth a company drilling for much under 2tcf of gas. I guess it depends on the costs of extracting it? 700m shares is a large number of shares in issue compared to other oilies I take an interest in. Are these shared between ASX and LSE?

[greatfull dead] 24/4/2010 15:52

Alistair4444, and some of the women were breath taking.

[alistair4444] 24/4/2010 14:41

I was watching a publicity video on Puntland just posted on YouTube a few days ago when up popped a photo of Range Resources drilling areas in Puntland ( 1 minute into video ). I was surprised looking at the video how there are some very picturesque parts in Puntland ...

[mingle3] 24/4/2010 13:48

solaking id suggest SPI.L

[solaking] 24/4/2010 13:09

thank you Brasso3, IvanBurgess, and PWhite73.

i think i have picked up a few ideas from you comments which i am going to ponder on over the weekend and make my decision at the start of next next week.
cheers all.

[brasso3] 24/4/2010 13:08

Ivan

With the GOO horse it had all of the pedegree (assets) and appeared to be from strong blood lines (Columbia) but seems to have been the runt of the litter (PELE, AMER, GED). I think I will concentrate on dog racing (Gold miners) as its more predictable.

[ivanburgess] 24/4/2010 12:49

If you don't like oil exploration, then why are you here? There are some, including me, who can and do see advantages in investing in the industry at these levels. There are profits to be made, and I have done very well out of them, being a sector that I am both interested in, and fairly knowledgable in. Yes, there are risks, and those risks can be high, but so are the rewards. Its what makes it fun. It is only a small part of my portfolio, but is the only one which gives me a satisfaction I do not get with blue chips, even when the divis are good, (like Ecopetrol, etc). Safe, but boring.

[pwhite73] 24/4/2010 12:26

Solaking

Banks led the way into the recession and banks will lead the way out. LLOY is a great short/medium and long term bet. Whoever wins Labour, Conservative or LibDems one of the first tasks will be to get to grips with the public debt. The sale of the governments stake in the partially nationalised banks will be top of the agenda.

DPL No revenue from any of its operations. Funds are raised through equity dilution.

RRL No revenue from any of its operations. Funds are raised through equity dilution.

ALO No revenue from any of its operations. Funds are raised through equity dilution.

Avoid all the above and opt for LLOY.

[ivanburgess] 24/4/2010 12:16

Couldn't agree more, Brasso. I see small oil explos like the Grand National. There are many runners from which to choose, and a lot seem to have very good credentials. But there are a lot of obstacles to negotiate, the fences are steep, and many fall along the way. Some just run out of steam (cash), whilst others don't have the right jockey (operator of the block). The hot favourite occasionally wins, but more often its a long shot that steals the prize (GKP/Foinavon). Occasionally, one horse seems to have cleared the last hurdle, but when asked for that bit extra on the run home, there is nothing there (DES).

And as in the Grand National, be prepared to lose your money. There's no such thing as a 'cert'. Just 'good odds'. (I'm not a horse racing man - gambler, - but the parallels are there to see).


And as for Gary Moore? Remember him well. "The oil ain't going nowhere" (should have said, "not even to the surface". :)

[brasso3] 24/4/2010 10:20

Asking peoples opinion on the RRL thread is not going to get you a very balanced/ unbiased response! DYOR

[solaking] 24/4/2010 09:39

hi all,
i need someone else's honest opinion.
i am in a dilema of choosing which of these 4 stocks to invest in next week for shotr/medium term:
DPL, RRL, LLOY, ALO
any suggestions anyone in which order i should consider these?
what about NGP? or do you think the steam has gone out of the "mad rise"
cheers.

[bazzerp] 24/4/2010 09:38

Very interesting the AOI (RRL's major partner) are part of the Lundin Group. The group has several oil & mineral exploration companies, including Shamaran (Bayou Bend) with 3 blocks in Kurdistan -

[mingle3] 24/4/2010 07:41

The quote from PL was in an email. He quoted that the market cap could be 500 million with what they have planned for 2010. i can only see 50p if we strike oil in puntland. im expecting 25-30p on spudding.

[three days] 24/4/2010 07:23

Brasso3

Can't find the link now,but it was in the last 2 months.

[brasso3] 23/4/2010 21:39

Three Days

I am farely new hear but when did PL state that? I worry when CEOs come out with crazy predictions liek that! Reminds me of a CEO at Gold Oil a few years back!

[mingle3] 23/4/2010 17:15

50p wouldbe luuurvly :)

have a nice weekend all, and enjoy the weather!

[notarealdr] 23/4/2010 16:58

ThreeDays, thanks for the reminder. I can't wait for that time.

[three days] 23/4/2010 14:05

One of the most interesting remarks by PL,was that the market cap could be £500 mln this year.That would be about 50p for the stock price.

I don't think anyone wants to be out of RRL when the reserves are announced.

[steelwatch] 23/4/2010 11:36

Whitey's sterilising bedpans right now.

[notarealdr] 23/4/2010 10:00

PW, talk to the hand! What's that? Your hand is busy? Yeah, right.

Gizmo, you might reckon you know what you're talking about but you don't so don't be so emphatic because you think you are the only one who gets it. BTW, 100m shares is nothing to write home about and would have little if anything at all to do with a commercial decision.

[martinfrench] 23/4/2010 09:55

wish they would get on with it....