Riverfort Global Opportu... Share Discussion Threads

[roily] 21/4/2011 17:28

John, I have not read the post but I beleive W's brother is involved with another company that has Gulf in the name. I saw the same thing in my google search and the way I read it, it was not the same company.

[jonno1] 21/4/2011 15:54

According to a poster on the RGO, Range Energy Resources board on Stockhouse Niel Bush, Georges young brother is associated with Gulf LNG America and Crest Investment Company. The Company putting the money up !!!!

[jonno1] 21/4/2011 12:50

Their lawyers would have also done their DD on the legalities and must be happy that these will be sorted in the not to distant future.

[roily] 21/4/2011 12:25

From what I have been able to figure out in 10 minutes of Googling Gulf LNG has been around for a while so this isn't some LLC that was formed just to fund the Khalakan Block, well the LLC may be new but Gulf LNG is not. It appears that Crest and Gulf LNG are involved in the construction of a large LNG facility in Mississippi and it appears to have some substantial business partners.

I am trying to figure out if there is any significance to a company with LNG in its name investing in a block in Kurdistan where the adjacent block, HOIL's, just found a significant amount of gas?? Not sure if that leap can be made just yet.

At any rate at least something is now happening here.

[roily] 21/4/2011 11:48

Well we knew they had to finance the upcoming drills somehow. I need to digest a little bit but is the total amount of shares to be issued 109 mil or is there more in the latter offerings?

Also, still waiting to find out about seismic(unless I just missed it)as I thought the sequence of events was: release seismic, locate drill and then funding. I guess the order doesn't really matter now.

What does anyone know about "Gulf"?

[jonno1] 21/4/2011 07:36

Lovely!


Vancouver, BC, Canada – Range Energy Resources Inc. ("Range") (CNSX:RGO) (FWB:YGK) is pleased to announce the signing of a term sheet for an investment of up to $16.35 million from Texas-based Gulf LNG America, LLC ("Gulf"). The transaction involves the issuance of up to 109 million common shares of Range. Gulf is a Houston, Texas-based investment firm specializing in energy investments, including projects in the Middle East. Gulf President John Howland states "We are very happy to commence investment in Range and become a strategic partner in Range's future growth".

The transaction contemplates an initial private placement of $4 million ($2 million from institutional investors and $2 million from Gulf) by the issuance of units at a price of $0.15 cents per unit (the "First Closing"). Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder to purchase one additional common share at $0.15 for a period of one year from the date of issue. The First Closing is expected to occur by May 6. Range may pay finders' fees with respect to this placement, in accordance with applicable securities laws and the policies of the CNSX.

Subject to further due diligence and entering into a definitive agreement, and the completion of the First Closing, Gulf will make a further $6.175 million investment upon execution of the definitive agreement for Range's common shares at a price of $0.15 per common share (the "Second Closing"). The Second Closing is expected to occur during the month of July 2011.

Gulf will make a further $8.175 million investment in Range's common shares at a price of $0.15 per common share within one year of the Second Closing (the "Third Closing"). Funds will be used to continue the exploration and development of Range's Khalakan Block in Kurdistan, pursue other M&A and oil & gas projects, and general corporate purposes.

All securities issued in the private placements will be subject to applicable regulatory hold periods. The contemplated transactions mentioned above are subject to regulatory approval. All dollar amounts in this press release are in Canadian dollars, unless denoted otherwise.

More about Gulf LNG America, LLC

Gulf LNG America, LLC is an affiliate of Crest Investment Company with the Crest group owning or controlling the majority of the Gulf capital. The Crest group has a history of investing in companies involved in oil and gas exploration, development and production. Crest and Gulf share management and administrative duties for their global energy investments.

About Range Energy Resources

Range Energy Resources has an indirect 24.95% working interest in a company with an 80% interest in a production sharing contract governing the Khalakan Block in the Kurdistan Region of Iraq.

For further information on Range Energy Resources Inc. (CNSX: RGO), please visit the Company's web site at www.rangeenergyresources.com or contact:

Donald Sheldon, Chairman, or
Garth Edgar, Chief Financial Officer
Tel: [phone]
Fax: [phone]
Email: [e-mail]

On Behalf of the Board of Directors:

Donald R. Sheldon
Chairman

[cambium] 19/4/2011 21:26

Read over to GBO is superb

[tech] 19/4/2011 14:42

Added a few today

[dodddy] 11/4/2011 12:06

added a few more today. still see these as fantastic med to long term story

[jonno1] 11/4/2011 10:52

TDW now have my 50k in my UK Portfolio !!! nice its worth £71,135.84 !!!

I wish, can't even be bothered to phone them... although must admit I did try to sell them!

[thelung] 06/4/2011 18:08

Bid Size 25
Bid Price 0.090
Ask Price 0.150
Ask Size 10

[panagos] 06/4/2011 16:30

is the ask price 25??

[panagos] 06/4/2011 13:42

I think the offer was around 10c, thus the increase on the price.

But not clear at all what's happenning, I guess they are skinned and looking for every source of funding in order not to pull the plug..

[thelung] 06/4/2011 13:14

NO comments on the offer / restructure news?

[dodddy] 04/4/2011 16:45

mm's were definatly short hence the walk down to get some stock. any buy now drives this back up. no real sellers at these levels. always bodes well :)still long and will add again on any mm induced weakness

[pdm] 30/3/2011 22:24

Hi dodddy,

Gr8 to have u onboard, didn't notice this move today...small caps have been hard work recently, I think these have gr8 potential....mobile marketing apps with the iPad should propel these higher

[rhubarbe] 30/3/2011 22:00

OK, ta very much..

[panagos] 30/3/2011 21:59

6-10 but i am sure you can trade within the spread

[rhubarbe] 30/3/2011 21:45

I just found out that you can place a limit order on TDW online - even though it says the epic is invalid.

What's the current spread for these?

[duncans2] 30/3/2011 17:05

Taxi for Mr Tyson!

[roily] 30/3/2011 13:17

I will make sure I sneeze away from the keyboard.

I have e-mail into RGO CFO but his responses are spotty at best.

[matt123d] 30/3/2011 13:14

Added today from 135p-142p. Final lot had to pay a 3p premium for 6.5k.

[ltinvestor] 30/3/2011 13:07

>Doddy.I agree entirely with your sentiments.Very little if any loose stock around and now with Blackrock on board the share price will move,imho, sharply northwards on news.

[dodddy] 30/3/2011 12:58

someone just had to pay 5p over offer price. mm's walked this down to support on no volume trying to claw stock back. i remain long, great med to long term buy

[rhubarbe] 30/3/2011 12:45

Oh, I am not sure but that's the impression I got from reading the presentation...

Don't give me the cold. I can catch one at a thousand miles distance...