Range Resources Share Discussion Threads

[usher03] 03/6/2010 12:28

Anytime Captain. I'm looking forward to your excellent views right into 2011 also providing all goes well with Puntland and beyond.

[tushface] 03/6/2010 12:11

seems I am not the first to ask them today - "watch this space".

I just signed up for direct notification rather than wait till someone posts it here..

[captainnelsonforties] 03/6/2010 12:06

Usher,

Ta chap, you'll make an ol' captain blush! No worries always happy to share my views on the stocks that I hold.

Captain Nelson Forties

[usher03] 03/6/2010 12:02

Nice work Tushface, hope you get a positive reply.

[tushface] 03/6/2010 11:59

just emailed miningmaven to see if they have any news on when to expect their revised value proposition...

[usher03] 03/6/2010 11:53

Thank you very much Captain, I sincerely thank you for the informative replies that you provide to many on this board, I'm mainly on the iii board but even on that board...many quote your posts and say "from Captain Nelson Forties" and the iii board totally respect your posts as you are a seasoned veteran with a high degree of learned knowledge which I truly commend you for sharing.

Many thanks.

usher

[captainnelsonforties] 03/6/2010 11:40

Usher,

Its hard to say exactly. I was hoping for an RNS on drilling progress this week as we've had weekly updates so far as you say (and even some within a couple of days of each other). Logging and casing of the well shouldn't take 7 days so they should be drilling ahead now at the mo. I wonder did they get shallow gas shows in this well or why are they logging before setting intermediate casing? hmm. I would have assumed that all wirelining would have been done to the final casing point covering the main primary targets. Hopefully they'll reveal why they logged to the intermediate casing point. Probably around TD they'll announce the shut in of Smith-1 for prep for frac.

Captain Nelson Forties

[usher03] 03/6/2010 11:30

Anyone reckon we may get an RB1 or Smith Fracc update tomorrow at all?...we've had updates each week or so...and had one last Friday.

What do you feel Captain?...or do you think we may get an update next week?

Many thanks

[olly2] 03/6/2010 10:23

tight spread now.topped up a little first thing at 4.36

[notarealdr] 03/6/2010 10:11

Cashh I am afraid we are in Africa Oils hands regarding ann. of rig mob. Whether or not it will happen before 16 June is yet to be seen as this will be a trigger for RRL raising $10m. If not RRL will probably raise around $2.5m to cover ongoing operational costs. Meanwhile we have rising interest via OPL clients and others which hopefully will push the share price into double figures making any share issue at more palatable levels for present shareholders.

Next ann. will involve progress in RB with mud-logs confirming any intersects, and then ann. regarding frac of Smith which will establish new flow rates and enhance our P2 and P3 outcomes into P1 certainties. This should be a seriously good month for shareholders, one which will see the shareprice firm and possibly see the catalyst of a share re-rating.

[cashandcard] 03/6/2010 09:40

Morning All,

Doc, the OPL note makes for good reading. As suspected, it confirms what most of us have known for long, that the market has not yet valued this one fairly. 4.125P? ......once I've released funds from elsewhere, this is one of the few co's I'm certain to be increasing my stake in. In PL's recent BRR interview, he mentioned that AOI were only weeks away from pushing that final button for mobilisation to start for Puntland ops. With Afrens entry into the East African margin, the interest should keep on growing and eventually the spotlight will fall on us. Its a huge compliment for AOI to get such an excellent, well-managed company like afr as a partner. Whether they'll discover oil in Ethiopia or Kenya is a different question. I feel very confident, we in Puntland have the highest chance of discovering oil in East Africa. The previously drilled wells are testament to this.

Cash

[markth126] 03/6/2010 09:03

Nice 500k buy gone through at 4.25

[barryrog] 03/6/2010 08:26

The mms are their own worst enemy in making a market in these shares.
rigidly sticking to formal 0.25p spreads and even 0.50p spreads is suppresssing trading and actively encourages lots of small traders/punters to take a small turn when the bid price moves up by 0.25p.
a spread of say 4.10p/4.30p would attract a lot more trades and almost certainly reduce price volatility.

[sagem] 03/6/2010 07:59

Being a bit more realistic I would say 15p....donate to prostrate cancer

[the gizmo] 03/6/2010 07:52

anyone on 65p, i'll take it.

[mr_dross] 03/6/2010 07:46

SUL2 i will guess at 29.25p

[ps13] 03/6/2010 07:23

Put me down for 95p and donate to cancer research. Thanks Paul

[steelwatch] 03/6/2010 07:22

looking for a relief rally today with the DOW up - put me down for 14.25p and hope to be miles under. donate to "SmileTrain"

[greatfull dead] 03/6/2010 07:17

Oh go on then, put me down for 89p.

[snurkle1] 03/6/2010 07:11

56p and I will donate the £1K to an almighty RRL pi55 up in Yorkshire.

[notarealdr] 03/6/2010 07:10

Acknowledged 2187. I didn't really want to go too deep into the research note, after all there are not many on this BB who have the £20m nett worth to be considered a client of OPL. Well, not yet anyway.:)

[roystonoyston] 03/6/2010 07:07

42p Su12 and if i win ill donate my winnings to Bargain Booze.

[2187] 03/6/2010 07:02

notarealdr,

OPL's valuation is fully diluted

When you take into account the options, then they are saying they value to company today at 22 pence (or there abouts)

So we have a 17 pence gap to make up

Remember also, OPL have given themselves the opportunity to revalue the company as milestones are achieved

The next likely milestone is the RB1 success and increased production and reserves as a result

Best,

jr

[notarealdr] 03/6/2010 06:54

I thought he was just barking mad.:) A dog with a hair-lip.:)