Range Resources Share Discussion Threads

[greatfull dead] 14/5/2010 15:17

wirralfinance #10695,

Thanks m8 it much appreciated.

The Georgia article looks grat too.

ATB,
GD

[shugmonkey] 14/5/2010 15:07

That sort of news will knock a penny off the shares.

I really wish people would think before posting good news. lol.

[cashandcard] 14/5/2010 15:03

Wirralfinance,

Cheers! Range taking over Straight? I hope sooner rather than later. It just goes to show how much core value is building here yet still off the radar of most. If it does not start moving to fair value, when the Georgia and Puntland drilling takes place end of year, this is going to rocket!

Cash

[hardassets57] 14/5/2010 15:02

great find!

[dr jekyll] 14/5/2010 14:52

Jack, you need to think about where the share price will be by Xmas :)

[jackman2] 14/5/2010 14:43

This is a yo yo share - im invested but so frustrating when the fundamentals are clearly there.

[dr jekyll] 14/5/2010 14:28

California Joe, did you have to go and spoil my day :) Hopeful of getting something back there and if I do or should I say when I do some of it is very likely to be invested here assuming of course that it is this side of this century. Who did you post as in those days? Appreciate you may not want to answer that by he way.

[spangle93] 14/5/2010 13:39

Hardassets - doh - if only I'd known it was your Mastermind specialist subject. You see, everyone brings some unique expertise to bulletin boards.

[morfina] 14/5/2010 13:07

Reserves Report is for the whole field, but based (at the moment) on results from Smith #1. Results from the next well will enable them to firm up the estimate already given, and hopefully move it P3>P2>P1. Still good news IMO Morf

[greatfull dead] 14/5/2010 12:45

Currently RRL are producing from the middle of the 3 zones from Smith well#1.
The reserves report is based on Smith well#1 with the (37m) of net pay thickness from the 3 zones. We have been told initialy the other 2 zones will have fraccing ops carried out on them. RRL rhen stated through the operator that the producing zone would also be fracced.

My take is the reserves report is only for Smith well#1 based on operations completed to date. Not the total 1,680 acres we now have.

Spudding on Russell Bevly #1 appraisal well on 12 May 2010. All please note is a appraisal well. This well will provide valuable information regarding the size and geometry of the reservoir and move additional reserves into the Proved Producing category. That may well be higher than the initial P3 reserves report as:-
Category Natural Gas Oil (mmbbls) Natural Gas
(Bcf) Liquids
(mmbbls)


Total Reserves 215.5 16.0 15.5 .

One has to consider that Fraccing on Smith well~1 has not happened yet. Successful fraccing may well see the initial reserves as low in comparrision to what Smith well #1 may end up producing. Also please do not forget the extremly high pressures when Smith well #1 was reported as a discovery.

This is not rocket science.

GD

[fairdeal2008] 14/5/2010 11:56

Oh dont go there please ;-)

[shrule] 14/5/2010 11:56

I am waiting to top up at 3p and then looking to sell at 7p very soon.

[runbrian] 14/5/2010 11:29

o/t

Hardassets - It's good to have a true expert on board, thanks for your input.

I've often wondered about the ancestory of the now infamous blue smartie, can you shed any light?

[runbrian] 14/5/2010 11:25

Some people are wasted on these boards! Read that how you will...

[fairdeal2008] 14/5/2010 10:57

I think you are casting aspersions on the Surrey population

[hardassets57] 14/5/2010 10:54

Impossible Sbangle!

Rolo's were not invented until 1346 by Edward De'Rolo the famous Kentish goat-herd from Maidstone.

As any student of medieval confectionery would testify - to win the heart of a maiden in Dartford, he sent her 1/2 a kilo of fresh goats droppings. Unfortunately by the time she received them they were too hard to chew, as she bit into one, her last remaining tooth fell out.

when news got back, Edward De'Rolo was mortified and set on his quest to invent a goat dropping substitute which would remain soft on the inside for the 3 weeks it took to travel from Maidstone to Dartford.

15 years later he perfected what we now call the Rolo.
He immediately sent a pack to is love in Dartford, whilst unbeknown to him, she had died 12 years earlier from dysentery!

Consumption of Goats droppings was finally outlawed in Kent in 1362 – though consumption was permitted and actively encouraged in neighbouring Surrey right up till 1951.

[huttgl] 14/5/2010 10:27

You sure it was 1066 ?

[cashandcard] 14/5/2010 10:11

CP,

They should be updating us on RB as it goes down?

Cash

[currypasty] 14/5/2010 10:08

whens the next news due..

[spangle93] 14/5/2010 10:07

runbrian - good to see you were alert to the untruth I slipped in ;-)

[k1ngkonggb] 14/5/2010 09:56

Spangle,

Admire your humour. Personally had PW more of a jumping jack flash type character!!!

[runbrian] 14/5/2010 09:55

Absolute rubbish Spangle, never heard such tripe!

... everyone knows that William the Conqueror preferred eating the caramel off a twix before eating the biscuity bit!

[spangle93] 14/5/2010 09:49

"Some factual degree" is a perfect description. Like a mockumentary on TV it takes facts, splices it with untruths, and interpolates the remainder with conjecture and red herrings

Like saying William the Conqueror invaded Britain in 1066 with a fleet of 5 destroyers, 16 corvettes, 6 submarines, and a pedalo. His leading vessel was named Charlotte after unrequited love in childhood. His favourite colour was purple and he sucked the centres out of Rolos before eating the chocolate.