Range Resources Share Discussion Threads

[captainnelsonforties] 19/5/2010 08:40

IJ,

No worries. ;) Yeah still hanging into my holdings even though the market is tough at the moment. A lot of good solid companies getting weaker, but it will pass as it always does.

Captain Nelson Forties

[albu1567] 19/5/2010 08:38

I have just added once more...and will keep adding at this price...

Best of luck to all and DYOR..

[sagem] 19/5/2010 08:38

ADVFN guessing share price incorrect...they have to guess when price is issued from LSE AND THEY GET IT WRONG as they are only given the price and guess if a buy or a sell

[investorjon] 19/5/2010 08:35

CNR; doh, and I didn't even have a drink last night to blame it on.

Good luck and good to see you are here.

[captainnelsonforties] 19/5/2010 08:31

Its those bleedin australians that keep dragging us down towards the 5c mark time after time, hopefully the next run will clear out the rest of the 2.9p/5c loose shares.

Captain Nelson Forties

[bigneil9] 19/5/2010 08:31

3.85's are buys, FYI. Vast majority of buys over the last few days have shown in the ADVFN Sell column. Is this just an inadequacy of the reporting system?

[captainnelsonforties] 19/5/2010 08:28

IJ,

Yeah i know WF does post here, after I thanked him and Alistair for posting articles notarealdr asked what is WF. Therefore my reply this morning:

CaptainNelsonForties - 19 May'10 - 08:13 - 10834 of 10842 edit


Notarealdr,

WF was wirralfinance who posted the previous article on diss 'ere thread.

:)

Captain Nelson Forties

[topicel] 19/5/2010 08:24

That bottom was very sound at 3.75p, and hopefully the trend up will remain in place on a simplistic view...

But the detailed review - as carried by the Independent - is far more important in a small oiler. And of course, so are the potential rewards.

Topicel

[investorjon] 19/5/2010 08:19

CNF: WF does post here. There was a useful piece he posted previously.

Quite funny to see PWhite commenting about if share price doesn't rise on 121bcf gas find etc. etc., in view of his comments about there being none previously.

No comment on him again though, cut off the oxygen of publicity etc.

SAGEM. We go up, we go down, but its not really worth worrying about as the assets look good, potentially transformational, and its just about gas and oil gods being with us.....and patience....something in very short supply from most investors.

[maxmarilli] 19/5/2010 08:18

Looks like we are moving to next step(4.5p and consolidate there for a week or so,imo...

[captainnelsonforties] 19/5/2010 08:17

Alistair,

Yah good ROP and progress being made at RB-1 now. Its all good, just a case of sitting tight for a couple of weeks. They'll slow the deeper they go so don't be expecting the same ROP. It takes longer to trip in and out and operations become slower epecially as pressure increases.

Captain Nelson Forties

[davethechef] 19/5/2010 08:15

Tipped in the Indy then. Also i like the resourceinvestor write-up on their website, certainly concludes less speculative than the Indy mention.

[sagem] 19/5/2010 08:14

We are going up

[iloveit] 19/5/2010 08:14

yes its moving up and very fast looks interesting now as upbeat news looking good.

[captainnelsonforties] 19/5/2010 08:13

Notarealdr,

WF was wirralfinance who posted the previous article on diss 'ere thread.

[hawks11] 19/5/2010 08:12

Perhaps this helped?

[maxmarilli] 19/5/2010 08:12

wins on 3.75,we are moving...wins moving up always a good sign...most of buys on plus,anyway

[iloveit] 19/5/2010 08:11

wow up we go and brewing nicely here.

[maxmarilli] 19/5/2010 08:07

all buys apart one little sell,good start...

[poisson rouge] 19/5/2010 08:05

More good exposure. iis, are you watching?

[bigneil9] 19/5/2010 07:54

As spotted by geoff244 on iii:



Range Resources

Our view: Buy

Share price: 3.75p (-0.38p)

Range Resources, it must be said, is at the extreme end of the risky investment spectrum.

The group updated the market yesterday on the progress of a well it is drilling in Texas, which is all part of its attempt to lessen the risk for potential backers. That is, of course, because its primary activity so far has been centred on its assets in northern Somalia, which despite being 1,600km north of the troubled capital, Mogadishu, still gives investors pause for thought.

In fact, Range is a broader company. It is already in production, albeit in modest amounts, in Texas and has another four wells to drill later this year. We reckon the newsflow alone will drive the share price this year.

Range's assets in Somalia could be highly lucrative, and shareholders would have a day to remember if the project holds as much oil as the company hopes. We reckon that the market is yet to price in the project. Buy.

[notarealdr] 19/5/2010 06:00

For f%*#ks sake Sagem, this has already been posted with links about 3 times already. It has been commented upon and dissected. Do you read and take notice of anything said on this BB or do you just spout whatever enters your mind at any particular second?

Edited: Mild Exaggeration :)

[sagem] 19/5/2010 05:52

18 May 2010
Company Announcements
Australian Securities Exchange
Exchange Plaza
2 The Esplanade
PERTH WA 6000
By E‐lodgment
TEXAS UPDATE –RUSSELL BEVLY #1 APPRAISAL WELL
Range Resources Limited ("Range" or "the Company") would like to announce an update on the Russell Bevly #1 appraisal well as part of the North Chapman Ranch Joint Venture's multi‐well program in Texas.
The appraisal well Russell Bevly #1 spudded on May 9, 2010 and is progressing as follows:
Name of well
Russell Bevly #1
Spud date
09 May 2010
Current depth of well
~4,304 ft (1,312m)
Target depth of well
~14,000 ft (4,268m)
RRS beneficial interest
20%
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 was pre‐paid).
Range will provide regular updates on the progress on the drilling of the Russell‐Bevly Well.