Range Resources Share Discussion Threads

[iainmac24] 29/4/2010 11:43

Just a hunch fairdeal but wfdiw!
Have plenty of these in my isa and trading accounts so happy with the rise as long as its not a false one and we can hold above 4p!

[shugmonkey] 29/4/2010 11:43

Iain, supposed?? lol.

[fairdeal2008] 29/4/2010 11:28

IainMac24 - you do seem to be bashing a little ;-)

Good effort

[iainmac24] 29/4/2010 11:26

We will see mingle my opinion is their have been a lot of t+10 & 20 trades on the back of expected news after the supposed email from PL.

[mingle3] 29/4/2010 11:24

this will finish strong imo

[iainmac24] 29/4/2010 11:22

Edging back now anybody want to predict a closing price for the day my bet is 4p on the offer.

[cashandcard] 29/4/2010 11:22

Sparty1,

The 'potential reserves' here are much greater and they're for oil, not gas like Kea. They have the political advantage but being invested in a risky area didn't affect the likes of GKP. I doubt its much different here. I see £85mln as way too high before Kea have discovered gas.

Cash

[mingle3] 29/4/2010 11:22

oh i wish i still had level 2 :(

[zac_mo] 29/4/2010 11:21

wow....look at those buys

[trint76] 29/4/2010 11:20

Someone has whacked on a 500k buy order on L2 (at the head) put on at 11.19.

525k vs 75k (head)

[mingle3] 29/4/2010 11:17

hows L2 shaping up?

[zac_mo] 29/4/2010 11:15

Looking very good here for a breakout...resistance at 4.25p....then quickly to 5p......

[hawks11] 29/4/2010 11:14

BNK heavy oil 'manufacturing' in Albania, does everything it sets out to do and will sell out probably next year. Look at a 12 month chart and compare it with just about anything, a good buy now as it has pulled back a bit. Most buying in Canada (Toronto: BNK.TO). Can be held in an ISA as a result.

RRL is doing well today. I'm looking forward when a 100,000 shares will cost an awful lot of money and I have held on to mine.

[sparty1] 29/4/2010 11:13

cashncard I`m afraid I dont quite agree with your assesment re KEA.As this is not the Kea board I would just say the potential reserves are huge,the offtake agreement is there and distance not a problem and there are no political risks.
However like you I have a lot more RRL than kea or cov for that matter.

Live L2 over 3mill traded on the lse now. up 17% at the mid price.

[nicksig] 29/4/2010 11:11

I'm sitting quietly here. FEP also worth a look

[sparty1] 29/4/2010 11:08

On the climb again. Buying at 4.17. From memory this happened around the low 3`s for a while.

[yufff] 29/4/2010 11:06

fairdeal-i strongly recommend AMER-RNS is widely expected tomorrow detailing placing numbers-could be at a slight premium.
really good story developing with AMER.

[fairdeal2008] 29/4/2010 11:06

Thanks will take a look

[cashandcard] 29/4/2010 11:02

Fairdeal,

I would suggest looking at VST and LFD (TSX). VST and partner Niko are to start drilling on Qara-Dagh early next month. President of Niko, Ed Sampson said in a conference call it (Qara-Dagh anticline) is the largest structure to be drilled since the Ottoman Era. Others say that its three domes make it a look-a-like of the Giant Kirkuk oilfield. In terms of marketcap VST is still cheaper than SEY £140mln?. LFD have a 1902 oil discovery (Chia surkh) on their block which was tested and flowed at rates of 4000bopd+. They are due to drill end of year. High estimate on their block arefor 6bln bbls+. They are cheaper than VST. Its believed that VST and LFD will at some point merge to form a heavyweight in Eastern Kurdistan (that'll rival GKP in western Kurdistan). The management & backers of VST & LFD are all the same people. Just yesterday, news at VST seemed to be indicating a merger is not far-off. Check VST board on advfn and read Zengas posts. Also, significant involvement in VST of Retired US generals with expertise in Iraq/Kurdistan. Very interesting story developing. As always, do your own research.

Cash

[monkey puzzle] 29/4/2010 11:02

Now that is good....can we finally break out from 4p though?

[cockney sparrow] 29/4/2010 11:02

What's cooking?

[someuwin] 29/4/2010 10:56

Looking good!

[ps13] 29/4/2010 10:53

Something cooking here...hope you are all watching...L2 very strong..buys nearly at full ask 4.25p

[fairdeal2008] 29/4/2010 10:50

No mostly in gold and base metal stocks - Rnage caught my eye because of the ludicrous valuation. Any other o&g suggestions?? Prefer not to have anything that is £250million and could double in ten years lol...

[cashandcard] 29/4/2010 10:48

Fairdeal,

looks good, recovering ground we lost over the last week or so. Are you in any of the Kurdy oilers?

Cash