Range Resources Share Discussion Threads

[bearhug2] 12/5/2010 09:40

Giannis..Forgive my query but why did you post that? You obviously trade daily and do not believe in the company otherwise you would have left in and bought more at lower prices..To me that comes across as hypacritical..saying dont worry it will be 10p soon...sorry but hate that it isnt investing your talking about its trading...there is a place for both but it isnt and doesnt need to be announced like a bugle charge its disrespectful to long term holders..Just my opinion and hope it doesnt offend ...it isnt meant to.GL all

[shugmonkey] 12/5/2010 09:36

Siday,

I doubt that you could have sold and bought at those prices.

It's up to you, but trading isn't for me.

[giannis] 12/5/2010 09:34

There is a saying in the market "Buy the rummor sell the fact"

- For those that didnt get out yesterday do not worry as the company has some sound potential.

For me it payed off and i will buy at a lower level more of it.

Some people like to ride the waves - volatility happy

while some others are sticking with what they have.


I think RRL will be 10p soon - so no worries

tip - have a look at solo

[sagem] 12/5/2010 09:17

We wuill see some blue today by end of business. We now have David C...and the FTSE is now up even though Europe is in great trouble which brought the FTSE down first thing this morning....things are getting brighter

[greatfull dead] 12/5/2010 09:16

siday, hindsight is in heavan......................

[phil4711] 12/5/2010 09:16

siday2580,
welcome to the world of small oiler's trading on AIM.I also hold GKP and have watched them fall from about 130p to 80p,and all they ever do is release good news!Patience is the key,not easy i know when you see thousands of pounds profit wiped off in a day,but in the long run 1-2 years,in the case of both RRL and GKP huge profits are to be made.

[siday2580] 12/5/2010 09:01

same lot surley will get back in again today. Wish i sold at 6p and re entered at 4p. 90% profits all gone in a couple of days on superb news. I have not known many shares to decline when you say you are spudding. normaly an instant 20% +.

Anyone have any clues where we are now heading. We surley willc lose above 5p today or i will eat my hat.

[smokemonster] 12/5/2010 09:00

ABN 88 002 522 009

Level 3, 1 Havelock Street
West Perth, WA 6005

P [phone]
F [phone]

12 May 2010

Company Announcements
Australian Securities Exchange
Exchange Plaza
2 The Esplanade
PERTH WA 6000

By E-lodgment

TEXAS UPDATE - SPUDDING OF RUSSELL BEVLY #1 APPRAISAL WELL

Range Resources Limited ("Range" or "the Company") would like to announce the
spudding of the Russell Bevly #1 appraisal well as part of the North Chapman
Ranch Joint Venture's multi-well program in Texas.

Following on from the recently released Independent Reserves and Valuations
Report (refer ASX announcement dated 11 May 2010), the Company anticipates that
the well will provide valuable information regarding the size and geometry of
the reservoir and move additional reserves into the Proved Producing category.

The projected total depth of the well is 14,000 ft. (4,200m), and located
approximately 1,900 ft. (570m) north-northwest of the Smith #1. Range holds a
20% working interest in the well, which has an estimated dry hole cost of
$US3.8m (Range share US$760,000 which has been paid upfront).

Range will provide regular updates on the progress on the drilling of the
Russell-Bevly well.

For and on behalf of the Board

Regards


Peter Landau
Executive Director

[notarealdr] 12/5/2010 08:54

I too topped up on the ASX today. I see this as a great opportunity to strap-in for some sizable gains IMO before Christmas. I am long the stock and I am not concerned at all about my position in respect of today's price.

[wardy3] 12/5/2010 08:36

Profit takers moved in here, could be too early a mistake who knows happy holding on for the bigger times.

[alistair4444] 12/5/2010 08:22

Soon these traders will be spouting " Oh Im really long term " with other coat on all good fun isnt it

[sagem] 12/5/2010 08:18

Could we please NOT have any more good news....good news is not good for the share price

[greatfull dead] 12/5/2010 08:17

shrule, crystal balls will do for me.

[shrule] 12/5/2010 08:14

This has been a very good trading share the Spikey Harry`s making plenty of dosh but i must admit you need balls of steel.

[cygnet4] 12/5/2010 08:12

Hopefully have seen the bottom and won't the RNS also give us a boost when released.

[davethechef] 12/5/2010 08:11

Topped up, thanks for the dip

[freefall3] 12/5/2010 08:08

Sells going through at 3.75 this morning this is hitting lots of stops could be a good time to top up later today.

[cygnet4] 12/5/2010 08:07

Now 4.075/4.37 with large buy/sell limits. Lets hope we don't get another RNS tomorrow, although I notice we don't have a spudding RNS yet on AIM.

[sagem] 12/5/2010 08:02

Down 10% on all this good news.....very strange indeed.

[greatfull dead] 12/5/2010 07:50

reidy66,

Not being sarcastic. If you take the total depth of Smith Well#1. Then the drill start date & then the drill TD date. Total number of days you now have and then divide that into the TD/drill depth for RB. That will give you some idea.

Back to breakie for me.
GD

[notarealdr] 12/5/2010 07:45

About 3 months weather permitting.

[reidy66] 12/5/2010 07:31

morning all - does anyone know how long the RB drill supposed to take as there were no mention of it in the rns today

pj

[sagem] 12/5/2010 06:14

They are sure snapping up the shares in OZ...........................

bought 15,978,611 AGAINST SELLS 7,424,119 yet the share price is down 8%

[notarealdr] 12/5/2010 03:14

I like to see round figures so i just topped up my holding. Like i need to own any more Range.:)

[alistair4444] 12/5/2010 03:01

Yes your spot on the money notarealdr this sentiment has been reflected with UK investors frustration recently on all boards with oz, however as we both know this will soon change personally I cant wait. goodnight