Range Resources Share Discussion Threads

[white-angel] 03/6/2010 19:00

40p for me and i'm retiring if it is!

[usher03] 03/6/2010 18:44

I believe if RB1 and Smith fraccing can come off well maybe this month or next...then we should see a lot more of the P3 into the P2 and P1 increasing our market cap and share price significantly into the teens and no longer around 4p.

[hacb] 03/6/2010 18:29

41p cheers

[pezza4] 03/6/2010 18:26

22.5p please.

[martinfrench] 03/6/2010 18:07

ok i'll take 45p,

[alistair4444] 03/6/2010 17:59

Communication with regular news releases - how true, dont think you will find a better company than RRL

[davethechef] 03/6/2010 17:34

Put me down for 29p.
RHPS tip should attract further interest, & another couple of pence if it coincides with positive updates from Texas next week. RHPS has quite a following it added nice % rise to MTA mid Jan this year, although MTA has fallen dramatically since because their mgt are fall of hot air & have constantally fallen short of their high expectations with their predictions inc, re latest well. ( way back a year or so ago their MD told me a13 would flow at 1000+ barrels! ) Plus since 2006 MTA has said its keen on acquisitions, lol!
I like the fine communication with regular news releases, and portfolio of varied projects here

[fubaratbirth] 03/6/2010 16:33

sul can I have 71.6p!

[greatfull dead] 03/6/2010 16:19

Steel,

I should have heeded your advice in your email you sent yesterday but only opened this morning, and thought there is still time to get in, I was bushed as I told you in my reply to you this a.m, no more staying up messing with my PC until the wee hour of 2.30am.

I went back to bed at 11am after sorting the PC problem out.. Only woke up at 1.30 and did not log on until I had showered and had a few cups of tea. Well done on your advice it was much apreciated though not taken unfortunately. You must be jumping for joy.

ATB,
GD

EDITED. Wrong thread. Should have posted this on the NPE thread.

[maxmarilli] 03/6/2010 16:00

i think 31st march 2011 rrl will be 63p,put me down for that,thks

[stoop] 03/6/2010 15:57

put me down for 90p

thanks

[cashandcard] 03/6/2010 15:51

Usher03,

Thats prelimanary. I like to be cautious and leave a bit of the jam for tomorrow ;) Otherwise it would have been north of £1. Excellent day at EO btw.

Cash

[notarealdr] 03/6/2010 15:48

GD another asset onshore? I think another in US would be better than huge, maybe also in Texas.

[usher03] 03/6/2010 15:44

Lovely post Greatfull Dead!

[greatfull dead] 03/6/2010 15:38

markth126,

You have to be optimistic if you play the markets and do your research. RRL besides Texas which in the current climate in the USA to offshore EP is a steal at current share price If RRL manage to get hold of another asset onshore that would be a huge bonus to US ops.

When you consider the seismics are now completed in Georgia and the data currently being assesed. Drilling there is scheduled for Q4 2010. In Geogia an initial analysis of 24 areas identified 11 structures suitable for oil in place estimates and key targets for future drilling. Of these structures two are deeper than 2,500 meters and the rest are shallow features between 600 and 2,500 meters. No massive drill costs IMHO due to the depths..

In Puntland RRL have a free carry on the drills in Putland with US$50m to drill a minimum of 4 exploration wells to be completed (2 in each basin). There is a further US$3.5m payment upon commercial production. RRL have a free carry until exploration moneys are spent. Dharoor Block 1 drill is planed before the end of 2010 .If the first drill in the Dharoor Block proves what a lot of experts believe is the amount of oil in place there, over 80p is IMHO way too low. Should 1st the drill be on schedule to start before the end of 2010 that give 4 months for the drill, so results should be just on time depending on target depth 'TD'.

That's why I went for 89p. Jesting on the 89p bit. It will probably me being an optimist be more like double that by 31 March 2011, if all comes good.

Enjoy the weather. I am.

GD

[usher03] 03/6/2010 15:37

Cash only 60p?...don't you reckon we would be doing far better than that by 31/03/11?...surely we would be drilling the nogal well at that point after success at Dharoor?...plus offshore potentially farmed in maybe?...easily over £1.00 if all the above goes to plan don't you think?

[cashandcard] 03/6/2010 15:32

Sul,

Put me down for 60p.

Cash

[wrmecca] 03/6/2010 15:29

Hi been following the bb for some time and recently took the plunge investing a small portion of my student loan in range and cove. Thanks for all the good information and great links to articles. Put me down for 50p please Sul, cheers. GLA

[usher03] 03/6/2010 15:27

Shug,

I know mate. I'm sure when we reach Puntland Dharoor TD at the end of this year we'll get a very nice RNS!
:-)

[usher03] 03/6/2010 15:26

Cash,

many thanks for the response...I value your great depth of analysis, and especially the fact that its not in the same league as RRL.
:-)

[shugmonkey] 03/6/2010 15:17

You'd think so Usher.
"significant" is what I saw.

[cashandcard] 03/6/2010 15:17

Usher,

Its not in the billions, however its 31api light oil in the North Sea. The quality of the find has exceeded their expectations and there are several similar structures in the block. One of which they will sidetrack into which is a look-a-like of Catcher itself. Very good strategy has worked ovethere. Of course, RRL is in a different league with Puntland. EO is great because before this discovery it had cash of USD45-50mln.

Cash

[mike239] 03/6/2010 15:15

Sul2 84p for me please.

[usher03] 03/6/2010 15:12

Shug,

How many barrels of oil have they both found?...is it in the billions?