Range Resources Share Discussion Threads

[alistair4444] 18/5/2010 11:12

GD - Looking very good thanks

[greatfull dead] 18/5/2010 11:03

Drilling 1321m since 9 May = 19 days. Remaining 2956m to go appox 2.5 to 3 weeks to TD at Russell Bevley #1 Well.

GD

[alistair4444] 18/5/2010 10:52

freefall3 - most of the trades this morning are buys not sells 3.72 approx to buy

[hacb] 18/5/2010 10:51

Shrule. Don't think you had a chance at getting 6 pence. That spike lasted about a second before dropping significantly. Maybe in future have a small pot which you use to trade, and keep the main holdings on.

[poisson rouge] 18/5/2010 10:48

freefall3 - 18 May'10 - 10:43 - 10793 of 10793 (Filtered)

[freefall3] 18/5/2010 10:43

Fell in OZ overnight and now falling here could get back to 3p at this rate. Nice 444800 sell @ 3.38p 9.30 this morning that should help it on its way. To think people were being suckered in to pay 5.5p for this last week by some of the rampers on here. MMs will be snapping up those stupid enough to T trade on the promise of good news soon so another drop must be on the way.

May pay you to take some profit now if you still have some.

[shrule] 18/5/2010 10:42

Wish i had taken some profit @6p I will the next time ?

[hacb] 18/5/2010 10:35

ndr - cheers for details mate.

Where do you see this going doc? Didn't AOI announce/hint that they werent expecting to spud till end of 2010. Would have thought this would mean rig mobilisation probably won't be happening within the next month. Unless of course, as you say, they find a farm-in partner.

[crapcrap] 18/5/2010 10:13

sorry. jumping the gun!

[notarealdr] 18/5/2010 10:02

hacb, the $10m is earmarked for funding Puntland drill. If AOI do not announce rig mobilisation before 16 June it will not be issued. Under the 15% rule RRL may seek to raise $2-3m for contingency without seeking SH approval if mobilisation does not occur before this date. Seismic interpretation for Georgia needs to be paid for plus there are ongoing fees ($100k monthly) for Georgia.

AOI will not ann. a commitment to rig mob. until they have farmed-off maybe another 10% to get a free carry for Darhoor Valley.

[alistair4444] 18/5/2010 09:49

Smith1 - approx 9 weeks 4th Sept 2009 - 12th Nov 2009

4th Sept Spud
25th Sept depth 10,166 ft
9th Oct 10,938 ft delays with casting
13th Oct Drilled to casting depth of 11,325ft open hole logs were aquired -
- casing set
5th Nov Open hole evaluation taking place as well approaches TD
12th Nov TD - 13,975ft 4260 mtrs Electric logs have been run well awaits testing

Source Company RNS

[hacb] 18/5/2010 09:48

Freefall. Just look at the RNSs before TD of Smith 1. Range was releasing an RNS every Thursday to keep PIs up to date in accordance with AUX regulation.

PL has also stated that we have enough funds for Texas and first Puntland well is free carried. Any RI would be to fund Georgia drilling, this won't be happening anytime soon.

Hacb

[cashandcard] 18/5/2010 09:35

GD,

Hi, not sure RB will be done in two weeks. Drilling slows the deeper you go. I'm thinking of mid-June for conclusion.

Cash

[greatfull dead] 18/5/2010 09:28

The sells your seeing at 3.78 are in fact buys. Bought more earlier at 3.78p for my ISA through a phone call to my broker, had a complaint on another issue which helpeed and the dealer managed to get them at on line rates at 3.78p. Only cost me dealing rates on line as well because of my complaint. Funny how complaints work if you know your right.

Looking forward to news on Texas Russell-Bevly #1 TD in approx 2 weeks time plus news of shut in on Smith Well #1 and fraccing statrted. Reserves should multiply by X? Then confirmed by a great revised reserves report for the North Chapman Ranch.

Have a good day all.
GD

[colin shakespeare] 18/5/2010 09:12

SAGEM - you need to read this - its quite obvious youre attitude is a big part of the problem

[sagem] 18/5/2010 08:50

Well we are not down today so far....perhaps we may get a bit of BLUE.......i THINK WE DESERVE IT

[smokemonster] 18/5/2010 08:42

So, freefall3, how much have you shorted this share?

As others have said the quality of the deramping in this thread is abysmally poor.

[notarealdr] 18/5/2010 08:37

This drill seems to be going better than last contractor who i believe hired a one legged roughneck.

[markth126] 18/5/2010 08:37

Whats a PPA and should we be worried?

[greatfull dead] 18/5/2010 08:35

in oz by the rules they have to report progress, positive and negative. its all on a weekly basis so i would not get excited, its just the normal rules and practiceof the asx.

[freefall3] 18/5/2010 08:29

Still being talked down in OZ, they believe this has been released to try to inflate share price before a placement. Lots of talk of dilution of 100m-250m before the end of June. Be very careful with this one got PPA written all over it.

[alistair4444] 18/5/2010 08:28

Captain any views on this mornings drilling announcement

[siday2580] 18/5/2010 08:26

this rns shows confidence