Range Resources Share Discussion Threads

[m_b2] 11/5/2010 08:09

Strange that we opened so low or am I missing something ?

[investorjon] 11/5/2010 08:08

A good start to the day, an excellent piece of news for Range, and with the money box project giving the potential for GKP style performance or more, at some stage in the future. Really like companies already having finds with the prospect of billion bbl potential elsewhere, as these billion bbl potential fields are becoming scarce

[jackman2] 11/5/2010 08:08

share prices all over the place - yesterdays movements on advfn - its not just RRL

[cashandcard] 11/5/2010 08:08

You can sell 1mln with selftrade 4.9p! I reckon they may release the news later for us. Should have an impact.

Cash

[hawks11] 11/5/2010 08:08

It seems strange that they have not got around to releasing the news over here.

[notarealdr] 11/5/2010 08:07

3.5m traded on AIM already, bumping around 5 - 5.25 p.

[cashandcard] 11/5/2010 07:58

Morning all,

15.9mmbbl Oil resource, 15.5mmbbl natgas liquid resource??? WOW! what a nice surprise. I was expecting it to be 5-10mmbbls oil over the entire project area. Can't remember them even talking of natgas liquids before. This is a very good little earner for RRL and should get us to a higher share price So the multiwell development campaign will target what are greater resources than previously thought. As I suspected, third parties will try and back-in where possible. I am pleasantly surprised at the liquids content of these reserves. Be interesting to see what the analysts make of this.

Cash

[hulk2004] 11/5/2010 07:55

ADVFN showing yesterday movements?

[smokemonster] 11/5/2010 07:54

Is this an instance where the market hasn't spotted the news yet? I was expecting a spike on opening this morning and it may yet happen, I suppose. The rough calculations being done here last night suggest that the share price woefully under-reflects the value of the reserves found.

[itsonlyme2] 11/5/2010 07:48

26% up on aim =5p to sell which the same as yesterday which is a no show

[chesty1] 11/5/2010 07:43

So we are going to have to show the Aussies how to do it then....

The share price out there is still below ours is it not ???

[hawks11] 11/5/2010 07:39

• Reserves report estimates total gross commercially recoverable Reserves (1P, 2P and 3P)
of the North Chapman Ranch Field:
• 215 Bcf of natural gas (attributable to Range – 45 Bcf)
• 15.9 mmbbl of oil (attributable to Range – 3.3 mmbbls)
• 15.5 mmbbl of natural gas liquids (attributable to Range – 3.2 mmbbls)
• The planned multi‐well program is anticipated to move Possible (P3) Reserves into the
Probable (P2) and Proved (P1) Reserve categories
• Independent PW10 DCF valuation of Range's net interest of US$226m

[markyp23] 11/5/2010 07:34

It's on their website!

[brasso3] 11/5/2010 07:24

Looks like they have forgotten to issue it!

[hawks11] 11/5/2010 07:23

Wot no RNS??

[hawks11] 11/5/2010 07:12

Well if the results are as prolific as the posts here we will all do very well.

[brasso3] 11/5/2010 07:03

The share price movement in Oz is just catching up with our rise yesterday. There is no way people will be selling these below 6p today on AIM. That report was about 30-50% higher than market expectations IMO and the ratio of oil to gas was also higher.

[sagem] 11/5/2010 06:44

Share price rising towards end of trading in OZ...good for our market today.

The report is excellent and will keep the share price on the rise especially with even greater news yet to come. This share is going to be a good earner, but we will not become millionaires quickly it takes time. We will see what happens at 8 am as you cannever be sure on the stock market. Have a good day.

[pheonix07] 11/5/2010 06:07

still think it might finish on a high...maybe the penny has dropped Ü

[the gizmo] 11/5/2010 06:02

LOOKS LIKE THE POM'S HAVE WOKEN UP.

[pheonix07] 11/5/2010 05:06

"texas is not commercial" LMAO

remember that numb nuts!!!

[steelwatch] 11/5/2010 04:51

By the way, you don't get reserve reports on single wells, only rates of flows. Reserve reports are for fields. The flow rates, pressures and geophysicals are interpreted to produce such reports, and then the reserves are proved up, (or otherwise), by further appraisal drilling and testing. Clearly, you don't have a clue do you Mr Hove?