Find Your Broker
Share Name Share Symbol Market Type Share ISIN Share Description
Range Resources LSE:RRL London Ordinary Share AU000000RRS3 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  +0.02p +53.33% 0.0575p 76,037,371 10:05:51
Bid Price Offer Price High Price Low Price Open Price
0.055p 0.06p 0.0625p 0.04p 0.04p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 7.32 -8.96 -0.13 4.9

Range Resources (RRL) Latest News

More Range Resources News
Range Resources Takeover Rumours

Range Resources (RRL) Share Charts

1 Year Range Resources Chart

1 Year Range Resources Chart

1 Month Range Resources Chart

1 Month Range Resources Chart

Intraday Range Resources Chart

Intraday Range Resources Chart

Range Resources (RRL) Discussions and Chat

Range Resources Forums and Chat

Date Time Title Posts
17/1/201910:29Range Resources - A New Beginning15,655
18/12/201801:09Range Resources - To Puntland and beyond.54,067
16/12/201815:07RRL RANGE RESOURCES LTD (moderated)463
30/10/201800:19Malcolm Graham-Wood bullish on Range Resources LTD live on TipTV10
27/10/201811:00Range Resources Ltd. - One for 2011217

Add a New Thread

Range Resources (RRL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:15:160.06842,918488.05O
10:11:530.06700,000387.10O
10:11:470.06853,449495.00O
10:10:230.06200,000116.00O
10:10:180.064,000,0002,270.00O
View all Range Resources trades in real-time

Range Resources (RRL) Top Chat Posts

DateSubject
17/1/2019
08:20
Range Resources Daily Update: Range Resources is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker RRL. The last closing price for Range Resources was 0.04p.
Range Resources has a 4 week average price of 0.02p and a 12 week average price of 0.02p.
The 1 year high share price is 0.28p while the 1 year low share price is currently 0.02p.
There are currently 8,504,921,692 shares in issue and the average daily traded volume is 14,985,309 shares. The market capitalisation of Range Resources is £4,890,329.97.
16/1/2019
16:38
nas_daq: Range Resources - A New Beginning - Post 15565 RRL Range Resources ken2000 16 Jan 2019 16:28 ken2000 Up 33.33% what's not to like Range? The current share price for starters..... 0.0375p lol
09/1/2019
16:56
nas_daq: Over the years the one area of growth where Range Resources (RRL) has really excelled has been the number of shares in issue, with 8.5 billion of them now trading following the latest placing. The oil and gas company, which has interests in Trinidad and Indonesia, announced last week that it has completed yet another placing, and this time it raised £1 million at a share price of 0.11p. It states that the funds will be used to accelerate growth in the Trinidad assets, but I can’t help but think that we’ve heard it all before, and in the past these operations have never actually managed to put the company in a position where it is making a profit, as opposed to continually having to raise funds via equity in order to keep the lights on, as well as enabling it to carry out work to make it look like some progress is being made. The problem with the Trinidad assets has always been the levels of depletion that the wells have experienced after initially returning some promising looking figures immediately following workovers. This has basically meant that the company was pumping money into these work programmes and achieving enough for investors to get excited for a short period of time as strong production increases were shown, before the inevitable depletion kicked in and the figures dropped off. The last quarterly report up to the end of March showed a 16% increase in production to 731 bopd, and by late May that had grown to 820bopd. That growth has largely been from the Beach Marcelle field and has been as a result of optimisation work being completed on 34 wells, with 24 more to come, and in addition oil handling facilities have been upgraded and an additional truck has been acquired for deliveries. That all sounds great, but even with oil prices at the levels they’ve been, I would still expect the company to be making a net loss overall. If we go back to the last quarterly report, the company netted revenue of $3.5 million, but during the same period it also spent $1.37 million on development; $822,000 on production; $1.58 million on staff; and a further $1.2 million on admin and corporate costs (which seems incredibly high and took the total to $2.27 million for nine months), and as a whole meant it made a loss of $808,000 on its operating activities. If we look at the predicted expenditure for the quarter up until the end of June, that was predicted to be $4.6 million in total, with a further $1.4 million being spent on development. So, during the period that would mean that roughly 90bopd have been added – assuming that production hasn’t increased significantly since the end of May – and if we are very generous and assume that was the average increase per day over the period, then that would mean an extra 9,000 barrels on the previous quarter. Now, even allowing for additional revenue as a result of higher oil prices during the period – again being really generous and assuming a 10% improvement in the revenue of an equivalent number of barrels to that being produced in Q1, and revenue of circa $3.86 million, then that would mean that in order for it to have broken even operationally, those extra 9,000 barrels of oil would have needed to bring in revenue of over $90/barrel. Certainly, at the moment, it would appear that once again the company is spending heavily to increase production, but in a way that is unlikely to be sustainable if past results are anything to go by. It does also have the Perlak field in Indonesia, which it acquired a 23% stake in last year in return for payments of up to $3.2 million, and that will rise to 42% once the current work programme has been completed. That involves the re-opening of up to ten previously producing wells, plus workovers on two more over as three year period, and Range’s share of those costs will be $2.28 million. This work is expected to add up to 200bopd – upon completion that would be 84bopd net to the company. At the last financial update at the end of March the company had $9.5 million in the bank, although that will be less now due to work carried out, and for a company valued at £8.7 million odd some will think that it looks cheap on that basis. But if we look at the outstanding debts, it had more than $41.5 million in long term loans with LandOcean as at the end of 2017, although maturity is in excess of two years, plus a further $1.3 million in current borrowings. On top of that it also has trade payables, in both the current and non-current category, of nearly $66 million, with $39.7 million of that payable to LandOcean in April 2020 and currently attracting a 6% interest rate – or nearly $2.4 million per annum in interest. So, based on the current situation it is hard to see how the company is even going to turn any sort of meaningful net profit on a sustainable basis over a period of time, let alone ever be in a position to repay its debts. The fact that at the end of March the company announced that its planned work programmes in Trinidad and Indonesia were fully funded, yet just a few months later it has raised yet more funds for those – it may be the case that it accelerates work at these fields, but given that the planned work is still underway, I would have expected that to be completed before any more money was raised, given the amount of cash it already had in the bank. I last covered this company as one to carry on avoiding like the plague, back at the end of 2017 when the share price was 0.3p, and even though it has now dropped to 0.12p to buy, I still can’t see any value in taking a position. It may see the odd spike upwards along the way as positive drilling results come in – as they are likely to given the nature of this work – but nothing here suggests to me that it is a decent investment.
09/1/2019
13:04
nas_daq: Better to have a report from someone who knows what they are talking about 🤣 Those who have been around the AIM market for a while will probably remember a company called Range Resources (RRL), and its infamous CEO Peter Landau. It was tipped by some to be the next big thing on AIM in the resources sector, but the reality proved to be a long way from all the expectation, with the share price plummeting from a high and a lot of questions being asked about the way that Landau had been running the company and the many promises that he had made via RNSs, many of which turned out to be false. A fair bit has changed since the company eventually ended up delisting from AIM, but now it is back, and I suspect that is largely down to the amount of debt that it currently has and the fact that it is probably going to have to raise money via equity funding in the future. Currently the company has producing assets in Trinidad and licences in Indonesia, where it holds a 23% working interest in the Perlak field, rising to 42% once it has completed a work programme, which includes 3D seismics plus well workovers. In Trinidad it owns 100% of the Morne Diablo, Beach Marcelle and South Quarry licences, along with 80% in St Mary’s, and a further 80% of Guayaguayare Deep and 65% of Guayaguayare Shallow – although the production sharing contracts at the latter two have expired and the company is awaiting government approvals on new ones. The problem for the company has always been that it has been unable to drill shallow wells with low levels of production fast enough to outweigh depletion. Judging by the most recent production report for the three months up until the end of June not a lot had changed in that regard, with average daily production of 531bopd, down from 567bopd during the previous quarter. During the quarter the cash position of the company had also reduced by $2.4 million. This left the company with $17.5 million in the bank at that time, and since then it has announced a deal with Land Ocean to purchase Range Resources Drilling Services for $5.5 million – payable within three years and with annual interest of 6%. As part of the deal Land Ocean also agreed to reduce interest payments on the outstanding balance due to it of $39 million (including the $20 million convertible note which was issued back in February) from 10% to 6%. The biggest problem here is that although changes have been made, the company has still been running at a significant loss – the last set of financials, the interims up until the end of 2016, showed that the company had made a loss of around $9 million in six months, ignoring a large impairment charge. The last quarterly update, up to the end of June 2017 showed an improvement, with net cash inflows of just over $1 million, ignoring loan repayments of nearly $3.6 million, but given the size of the debt, plus the likely cost of work programmes – during that quarter the company spent just $230,000 on exploration and development, as compared to nearly $2.6 million for the full year – it is hard to see it making a net profit any time soon. It has since spent $3.2 million on the Perlak field acquisition, and although that has reserves and resources for oil-in-place of up to 500 million barrels, this is a field which has been producing since the 1940s and it will be interesting to see how good the economics are once a field development plan is put in place. Often there is a good reason why many of these old fields subsequently stopped producing and are often sold at a price which appears to be cheap. It also purchased several offshore blocks in Trinidad from Trinity Exploration (TRIN) for $4.55 million. These include 2P reserves of 2.6mmbbls and daily production of around 200bopd, taking Range’s total to circa 800bopd. Given the problems that Trinity has had making these assets profitable for the company on a net basis in the past, it will be interesting to see how Range Resources fares with them. At the moment the company still has plenty of cash in the bank – especially with the some of the payments associated with these acquisitions being deferred – but I’m not convinced that the company is going to become profitable enough to meet its debts which fall due in April 2020, as well as carrying out all the work that it is proposing, even with the higher oil prices. Given that Land Ocean has just entered into a factoring agreement which means that the debt owed by Range has been passed on to Huayuan and Sichuan XW Bank, it may well be the case that Land Ocean won’t be looking to extend the $39 million odd debt past maturity. It may look attractive at a current market cap of around £19 million at a share price of 0.3p to buy, given that it is producing oil, but I certainly wouldn’t be rushing to buy the shares and still see it as a company to avoid, especially given the involvement of a number of Chinese companies.
04/1/2019
10:59
sean spicer: I am confident that this company will survive and that the share price will be much higher by end of this year and have been taking advantage of the stupidly low share price to buy more. Happy New Year to you all.
01/12/2018
11:19
nas_daq: Looks like the egotistical ramper with the 152 IQ , cough cough, is struggling to work out when someone replies directly to one of his posts.No wonder the ego can't see what a dire position range are in if he struggles to work out the ADVFN bb system. It is not surprising as he also struggles to work out the share price, at times, mainly when it has dropped. One would have thought with a 99% drop since his first purchase he would be an expert in realising when the share price goes lower.....
15/11/2018
22:30
rangenoresources: In other news share price at record low and oil continues to slide"In just one month, everyone stopped talking about $100 oil.In six weeks, oil prices slid into a bear market from four-year highs in early October and booked their steepest one-day plunge in three years on Tuesday.Early on Thursday, Brent Crude was just above $66 a barrel and WTI Crude was at $56, down about $10 from the average price in Q3.Big Oil-which boasted soaring third-quarter profits on the back of stronger prices-now may have to show if it can continue the growing cash flow and profit trend with its conservative $55-65 oil price assumptions and breakevens for positive cash flows at around $50.Oil prices are $10-15 above most of the biggest oil companies' stated breakevens, but the price slide over the past month may put to the test the years of cutting costs and bringing project breakevens to as low as possible.Breakevens at all oil majors may be lower than the current Brent Crude price, but the lower the price of oil, the less wiggling room Big Oil has to rake in more cash and reward shareholders."Higher volatility means they will continue to review if their economics work in a more bearish environment," Christyan Malek, head of the European, Middle East, and Africa oil and gas research desk at JP Morgan, tells Bloomberg.According to JP Morgan estimates, the break-even oil price for BP is $46 a barrel, for Total it's $55, for Shell $58, for Equinor $48, and for Eni $59."
08/10/2018
18:08
nas_daq: Southseabubble I do love the irony of a poster trying to ridicule someone for calling the share price to drop whilst predicting the share price to rise, over the period whilst the share price has gone from 6.75p to 0.05p and said poster has been bullish from 13p whilst it has dropped to 0.05p..... Comedy gold Let’s hope for some more toothless tiger threats that’s about the only thing he seems able to muster......poor lad. The stress of the d day approaching when he has to admit his gambling to his other half must be taking its t(r)oll
01/10/2018
15:40
nas_daq: Post of the day goes toCelticheart071 Oct '18 - 07:30 - 9955 of 10023 0 0 0Will have a read through later when I get time and post some key facts but one thing is clear we are still trading and still making progress which is a far cry from the doomster's predictions over the weekend. Could have a positive effect on the share price today.I doubt it comes as a surprise to most of the readers on here that this poster could get it so wrong so often but yes he is still coming out with corkers.......hmmm I assume by positive he means he expected the share price to rise, not sure there was anything in the full year results that could be construed as positive apart from the obvious fact they managed to get them signed off somehow....looks like the market agrees with that fact as the share price lurches to zero value.....
24/9/2018
14:36
nas_daq: Over the years the one area of growth where Range Resources (RRL) has really excelled has been the number of shares in issue, with 8.5 billion of them now trading following the latest placing. The oil and gas company, which has interests in Trinidad and Indonesia, announced last week that it has completed yet another placing, and this time it raised £1 million at a share price of 0.11p.It states that the funds will be used to accelerate growth in the Trinidad assets, but I can't help but think that we've heard it all before, and in the past these operations have never actually managed to put the company in a position where it is making a profit, as opposed to continually having to raise funds via equity in order to keep the lights on, as well as enabling it to carry out work to make it look like some progress is being made.The problem with the Trinidad assets has always been the levels of depletion that the wells have experienced after initially returning some promising looking figures immediately following workovers. This has basically meant that the company was pumping money into these work programmes and achieving enough for investors to get excited for a short period of time as strong production increases were shown, before the inevitable depletion kicked in and the figures dropped off. The last quarterly report up to the end of March showed a 16% increase in production to 731 bopd, and by late May that had grown to 820bopd. That growth has largely been from the Beach Marcelle field and has been as a result of optimisation work being completed on 34 wells, with 24 more to come, and in addition oil handling facilities have been upgraded and an additional truck has been acquired for deliveries.That all sounds great, but even with oil prices at the levels they've been, I would still expect the company to be making a net loss overall. If we go back to the last quarterly report, the company netted revenue of $3.5 million, but during the same period it also spent $1.37 million on development; $822,000 on production; $1.58 million on staff; and a further $1.2 million on admin and corporate costs (which seems incredibly high and took the total to $2.27 million for nine months), and as a whole meant it made a loss of $808,000 on its operating activities. If we look at the predicted expenditure for the quarter up until the end of June, that was predicted to be $4.6 million in total, with a further $1.4 million being spent on development. So, during the period that would mean that roughly 90bopd have been added – assuming that production hasn't increased significantly since the end of May – and if we are very generous and assume that was the average increase per day over the period, then that would mean an extra 9,000 barrels on the previous quarter.Now, even allowing for additional revenue as a result of higher oil prices during the period – again being really generous and assuming a 10% improvement in the revenue of an equivalent number of barrels to that being produced in Q1, and revenue of circa $3.86 million, then that would mean that in order for it to have broken even operationally, those extra 9,000 barrels of oil would have needed to bring in revenue of over $90/barrel. Certainly, at the moment, it would appear that once again the company is spending heavily to increase production, but in a way that is unlikely to be sustainable if past results are anything to go by. It does also have the Perlak field in Indonesia, which it acquired a 23% stake in last year in return for payments of up to $3.2 million, and that will rise to 42% once the current work programme has been completed. That involves the re-opening of up to ten previously producing wells, plus workovers on two more over as three year period, and Range's share of those costs will be $2.28 million. This work is expected to add up to 200bopd – upon completion that would be 84bopd net to the company.At the last financial update at the end of March the company had $9.5 million in the bank, although that will be less now due to work carried out, and for a company valued at £8.7 million odd some will think that it looks cheap on that basis. But if we look at the outstanding debts, it had more than $41.5 million in long term loans with LandOcean as at the end of 2017, although maturity is in excess of two years, plus a further $1.3 million in current borrowings. On top of that it also has trade payables, in both the current and non-current category, of nearly $66 million, with $39.7 million of that payable to LandOcean in April 2020 and currently attracting a 6% interest rate – or nearly $2.4 million per annum in interest. So, based on the current situation it is hard to see how the company is even going to turn any sort of meaningful net profit on a sustainable basis over a period of time, let alone ever be in a position to repay its debts.The fact that at the end of March the company announced that its planned work programmes in Trinidad and Indonesia were fully funded, yet just a few months later it has raised yet more funds for those – it may be the case that it accelerates work at these fields, but given that the planned work is still underway, I would have expected that to be completed before any more money was raised, given the amount of cash it already had in the bank. I last covered this company as one to carry on avoiding like the plague, back at the end of 2017 when the share price was 0.3p, and even though it has now dropped to 0.12p to buy, I still can't see any value in taking a position. It may see the odd spike upwards along the way as positive drilling results come in – as they are likely to given the nature of this work – but nothing here suggests to me that it is a decent investment.
18/9/2018
14:08
nas_daq: Those who have been around the AIM market for a while will probably remember a company called Range Resources (RRL), and its infamous CEO Peter Landau.It was tipped by some to be the next big thing on AIM in the resources sector, but the reality proved to be a long way from all the expectation, with the share price plummeting from a high and a lot of questions being asked about the way that Landau had been running the company and the many promises that he had made via RNSs, many of which turned out to be false.A fair bit has changed since the company eventually ended up delisting from AIM, but now it is back, and I suspect that is largely down to the amount of debt that it currently has and the fact that it is probably going to have to raise money via equity funding in the future.Currently the company has producing assets in Trinidad and licences in Indonesia, where it holds a 23% working interest in the Perlak field, rising to 42% once it has completed a work programme, which includes 3D seismics plus well workovers.In Trinidad it owns 100% of the Morne Diablo, Beach Marcelle and South Quarry licences, along with 80% in St Mary's, and a further 80% of Guayaguayare Deep and 65% of Guayaguayare Shallow – although the production sharing contracts at the latter two have expired and the company is awaiting government approvals on new ones.The problem for the company has always been that it has been unable to drill shallow wells with low levels of production fast enough to outweigh depletion. Judging by the most recent production report for the three months up until the end of June not a lot had changed in that regard, with average daily production of 531bopd, down from 567bopd during the previous quarter. During the quarter the cash position of the company had also reduced by $2.4 million.This left the company with $17.5 million in the bank at that time, and since then it has announced a deal with Land Ocean to purchase Range Resources Drilling Services for $5.5 million – payable within three years and with annual interest of 6%. As part of the deal Land Ocean also agreed to reduce interest payments on the outstanding balance due to it of $39 million (including the $20 million convertible note which was issued back in February) from 10% to 6%.The biggest problem here is that although changes have been made, the company has still been running at a significant loss – the last set of financials, the interims up until the end of 2016, showed that the company had made a loss of around $9 million in six months, ignoring a large impairment charge.The last quarterly update, up to the end of June 2017 showed an improvement, with net cash inflows of just over $1 million, ignoring loan repayments of nearly $3.6 million, but given the size of the debt, plus the likely cost of work programmes – during that quarter the company spent just $230,000 on exploration and development, as compared to nearly $2.6 million for the full year – it is hard to see it making a net profit any time soon.It has since spent $3.2 million on the Perlak field acquisition, and although that has reserves and resources for oil-in-place of up to 500 million barrels, this is a field which has been producing since the 1940s and it will be interesting to see how good the economics are once a field development plan is put in place. Often there is a good reason why many of these old fields subsequently stopped producing and are often sold at a price which appears to be cheap.It also purchased several offshore blocks in Trinidad from Trinity Exploration (TRIN) for $4.55 million. These include 2P reserves of 2.6mmbbls and daily production of around 200bopd, taking Range's total to circa 800bopd. Given the problems that Trinity has had making these assets profitable for the company on a net basis in the past, it will be interesting to see how Range Resources fares with them.At the moment the company still has plenty of cash in the bank – especially with the some of the payments associated with these acquisitions being deferred – but I'm not convinced that the company is going to become profitable enough to meet its debts which fall due in April 2020, as well as carrying out all the work that it is proposing, even with the higher oil prices.Given that Land Ocean has just entered into a factoring agreement which means that the debt owed by Range has been passed on to Huayuan and Sichuan XW Bank, it may well be the case that Land Ocean won't be looking to extend the $39 million odd debt past maturity.It may look attractive at a current market cap of around £19 million at a share price of 0.3p to buy, given that it is producing oil, but I certainly wouldn't be rushing to buy the shares and still see it as a company to avoid, especially given the involvement of a number of Chinese companies.
Range Resources share price data is direct from the London Stock Exchange
Your Recent History
LSE
RRL
Range Reso..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190117 10:30:27