Range Resources Share Price (RRL)

Share Name Share Symbol Market Type Share ISIN Share Description
Range Resources Limited LSE:RRL London Ordinary Share AU0000065989 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.035 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.03 0.04 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 7.32 -8.96 -0.13 4
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX
Related Shares
Bp (BP.), Royal Dutch Shell (RDSA), Curzon Energy (CZN), Nautilus Marine Services (NAUT)

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Date Time Title Posts
06/12/201908:53Range - the recovery4,195
05/12/201918:52Range Resources - Tax Dodgers do not post99
05/12/201906:19Range Resources - A New Beginning26,160
04/12/201908:21LEWIS(& aliases) free thread plus 938
21/11/201921:34Range Resources - A New Beginning255

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DateSubject
11/12/2019
08:20		Range Resources Daily Update: Range Resources Limited 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 Limited has a 4 week average price of 0.03p and a 12 week average price of 0.03p.
The 1 year high share price is 0.08p while the 1 year low share price is currently 0.01p.
There are currently 11,780,598,407 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Range Resources Limited is £4,123,209.44.
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26/11/2019
14:48		lewisyfawr: Exciting week for shareholders. 12% productivity increase. share price at 0.031p (lot higher than August). Oil price very healthy. If AGM goes smoothly on Friday, we can concentrate on our 3.1p shares, our cash flow, our new name, our acquisition strategy. Bit dense myself, and missed the thrust of all this about HMRC. Are they accused of not paying correct amounts to HMG? And not investigating Amazon as forensically as they have been investigating small businesses in South Wales and Devon? What effect will that have on Range or our share price? How is HMRC relevant to a group of pally Range shareholders chatting away about their shares on a wet Tuesday?
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11/11/2019
17:13		dojiwankenobi: Two things are going to happen 1. 1:100 Reverse Split. 2. Dilution. The 1:100 reverse split will almost certainly be followed up with dilution, as this is normally the case in penny stocks and that's why they are so volatile; hence why they call AIM the "Casino". The company will Also need to raise cash so cooperate action will follow and this will result in further dilute your holding. Firstly lets concentrate on the day of the 1:100 reverse split then move on to the forthcoming cooperate action. On the day of the 1:100 split I fully expect the share price to rise from it's new base, I also would expect an RNS that contains good news to assist in the euphoria as the share price increases. if it starts out at 0.04pennies it will settle around about 0.08pennies possibly more on exceptional news. Do NOT start to think the share price will keep going up because it will NOT. For new swing traders to the stock this is great opportunity to swing trade and make a lot of money but for LTH's its a nightmare and make no mistake there will be some who will think the company had fixed the roof and will hold throughout this cycle, only to be disappointed. so what you do now is important, get your head around this and trade your way out of this mess, should the opportunity allow it. normally you will have two days of good trading post reverse split, good RNS / news dependent, but I would work on hours rather than days. So averaging down is part of this cycle and for LTH's its a major decision. There are different way of looking at it, but give it a couple of coats of looking at, before you commit. You may well be risk adverse and the Tax loses may well be your preference in case of failure, no deals ETC. Secondly, the Dilution / short traders will follow and I would guess dilution will be big as well, which smarts a bit and I would sell prior to dilution as the stock will retrace and you will be surprised by how much...the answer to this is obvious. Historically penny stocks are renowned for this process so my advice is to be clinical about this. Don't forget the Markets in general have steamed ahead since 2009 and I believe we are at the peak of the business cycle so you may not get time to dither and we also have the potential of a hung parliament or someone wins by a majority and scuppers any deal with the EU, so get it done..! RTO - Hopefully you will be long gone and having a lovely Xmas sitting on a profit and if there are ANY plans to RTO in the new year then you can assess this at you leisure in 2020. if a company is good then missing the initial lift is not significant. There are plenty of videos / trading Reverse Splits on the net and we are not talking 1:100 we are talking 1:3 and the process is alarming.. I have stated this before but one has to question the timing of this, I think the hand was forced, selling assets, 1:100. Don't be listening to Rumourville, Wild card nonsense and as hard as it is look at the facts. Doji Wan Kenobi
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07/11/2019
00:34		dojiwankenobi: Two things are going to happen 1. 1:100 Reverse Split. 2. Dilution. The 1:100 reverse split will almost certainly be followed up with dilution, as this is normally the case in penny stocks and that's why they are so volatile; hence why they call AIM the "Casino". The company will Also need to raise cash so cooperate action will follow and this will result in further dilute your holding. Firstly lets concentrate on the day of the 1:100 reverse split then move on to the forthcoming cooperate action. On the day of the 1:100 split I fully expect the share price to rise from it's new base, I also would expect an RNS that contains good news to assist in the euphoria as the share price increases. if it starts out at 0.04pennies it will settle around about 0.08pennies possibly more on exceptional news. Do NOT start to think the share price will keep going up because it will NOT. For new swing traders to the stock this is great opportunity to swing trade and make a lot of money but for LTH's its a nightmare and make no mistake there will be some who will think the company had fixed the roof and will hold throughout this cycle, only to be disappointed. so what you do now is important, get your head around this and trade your way out of this mess, should the opportunity allow it. normally you will have two days of good trading post reverse split, good RNS / news dependent, but I would work on hours rather than days. So averaging down is part of this cycle and for LTH's its a major decision. There are different way of looking at it, but give it a couple of coats of looking at, before you commit. You may well be risk adverse and the Tax loses may well be your preference in case of failure, no deals ETC. Secondly, the Dilution / short traders will follow and I would guess dilution will be big as well, which smarts a bit and I would sell prior to dilution as the stock will retrace and you will be surprised by how much...the answer to this is obvious. Historically penny stocks are renowned for this process so my advice is to be clinical about this. Don't forget the Markets in general have steamed ahead since 2009 and I believe we are at the peak of the business cycle so you may not get time to dither and we also have the potential of a hung parliament or someone wins by a majority and scuppers any deal with the EU, so get it done..! RTO - Hopefully you will be long gone and having a lovely Xmas sitting on a profit and if there are ANY plans to RTO in the new year then you can assess this at you leisure in 2020. if a company is good then missing the initial lift is not significant. There are plenty of videos / trading Reverse Splits on the net and we are not talking 1:100 we are talking 1:3 and the process is alarming.. I have stated this before but one has to question the timing of this, I think the hand was forced, selling assets, 1:100. Don't be listening to Rumourville, Wild card nonsense and as hard as it is look at the facts. Doji Wan Kenobi
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31/10/2019
19:42		dojiwankenobi: What are RRL real reasons for 1:100 reverse split? Companies will typically execute a reverse stock split for one of the following three reasons: 1.Increase their share price to avoid being delisted from an exchange. 2.Increase their share price to avoid being removed from a stock index. 3.Increase their share price to avoid the “low-quality” stigma that is associated with penny stocks. Doji Wan Kenobi
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26/9/2019
23:37		dojiwankenobi: stating to a friendly on a BB something along the lines "I was just coming to terms with my loses on RRL but I genuinely think this poster on LSE had done his research and could well be more to this" Classic "gotcha" played by this new poster playing out for all to see. he must be right after all he been posting for a month on LSE and some had been posting for 7 or more years and could not quite decipher the cryptic history that will send rrl share price souring to 0.50pennies but lets not mention reverse split / forward split.. hook, line and sinker.. Doji Wan Kenobi
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26/9/2019
15:49		dojiwankenobi: I would not be boasting about having 12 billion shares in the wild.... and calling 20 mil sell gloating...you do the math..Doh! SP had been 17% down at one point today.. My TA still looking good, share price closed with a new low, very bearish pattern. The open will see the share price lower again and if there are poor figures in the signed off RNS then more selling will see the share price close lower gain tomorrow... Doji Wan Kenobi
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19/9/2019
12:39		dojiwankenobi: Symbol: RRL Share price: 0.0250 % Change: -16.67 % Change: -0.01 hxxp://www.livecharts.co.uk/share_prices/share_price/symbol-RRL
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17/9/2019
15:23		dojiwankenobi: when one resort to such low level forms of communication it only confirms what type of person they are whilst also providing us all with an insight into his lifestyle. Obviously watching, reading the wrong material whilst trying to put on a front to try and impress newbies... However low RRL share price gets it cannot even begin to be compared to that type of potty mouth language, they should come down hard on such posters.
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13/9/2019
05:00		cymrurhydd: 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.
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23/8/2019
06:29		nas_daq: You have to laugh on the other thread celticheart07 doesn’t allude to anything however on the last pump check out his ramping......you have to laugh at the last ramp just before range released the rns...we are not aware......what a Jonah Celticheart07 - 17 Jan 2019 - 10:23:28 - 15650 of 24423 Range Resources - A New Beginning - RRL Share Price: 0.06 Bid: 0.055 Ask: 0.065 Change: 0.0225 (+60.00%) That is some bounce! Celticheart07 - 17 Jan 2019 - 10:19:26 - 15647 of 24423 Range Resources - A New Beginning - RRL Another thought is that we did not replace our CEO, we appointed an NED instead, well I guess you don't need two in a merger or takeover now do you? Celticheart07 - 17 Jan 2019 - 10:00:59 - 15640 of 24423 Range Resources - A New Beginning - RRL I would keep an eye on Petrotrin's new identity too, Heritage oil, they will be very keen to make this work and all of Trinidad will be watching. I have also read that the Oilworkers union are talking about possibly leasing the refinery. Celticheart07 - 17 Jan 2019 - 09:58:40 - 15638 of 24423 Range Resources - A New Beginning - RRL Bore da Lewis! Interesting to see how this will play out. My money is still on some kind of tie up with CERP, would suit both companies I feel. Celticheart07 - 17 Jan 2019 - 09:50:51 - 15633 of 24423 Range Resources - A New Beginning - RRL What is interesting is that Range have not issued a statement to say they know of no reason for the rise. News has to break soon I would have thought. Celticheart07 - 17 Jan 2019 - 09:45:18 - 15626 of 24423 Range Resources - A New Beginning - RRL Some suggesting a possible takeover, I am thinking maybe a merger of sorts possibly with someone like CERP or even TRIN, Trinidad is ripe for some form of consolidation and with the soon to be launched "Heritage oil" (Petrortin's restructure) the future could be a lot brighter for oilers on the island.
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