Star Phoenix Share Discussion Threads

[celticheart07] 02/1/2020 19:20

Not disappointed with the rig sale falling through, to be honest they were way too cheap, lets find a buyer who will play a decent price for them.

[celticheart07] 02/1/2020 19:15

FOAD troll and make it soon, post as many names as you like and I will filter every one without reading a word

[teenytinycoco01] 02/1/2020 18:47

Love this thread .....keep it up i coco.....

[teenytinycoco01] 02/1/2020 18:46

Everyone knows how much you love this coco.....
It is truly Great you are paying to read this, alternatively talk to Lewis on a premium bb and avoid all this mocking.....your choice....
Doesn’t cost me a bean.......

When I gave you Donald Duck as the final name on the list it was to use the vernacular for the term Donald ducked which describes where this company now finds itself.

It is an abridged version of what I could write but it succinctly sums up the situation.

Mendacity is a term I have often used to describe this company. You can now add hypocrisy.
Quite what word you could use for issuing the half year results, which foretells the destruction of the Trinidad assets, after you have been trapped via the share cancellation I will leave up to you.

Nothing I write will alter or ameliorate what is going to happen.

I could write about the truth behind the stockbroker recommendations answer in the last Q&A..
I could tell you who really owns the fake Georgian assets on our balance sheet.
I could show you why the mendacious corporate development officer is running around trying to figure out which dog ate the share certificate of the non existent Guamanian assets.

I could show you that the Indonesian transaction actually predates the arrival of the drilling rigs on Trinidad, was abandoned in the spring of this year and was frantically rejuvenated when it was clear that they were not going to gain re-admittance to AIM as a smokescreen to cover why they really are being denied access to the UK investors pockets.

I could show that the 160 personnel we are taking on with the failed LO Caribbean service company have not generated a brass farthing in independent income in 2017 to date.

Does it make you any happier to know that the Range BOD choose to separate themselves by as many miles and as many time zones as it is possible?.

Would any of those revelations make you any happier?. They certainly wont make you any richer.
The BOD has gone feral and I think the FAC are aware of that.

We had the annual report of another AIM company claiming that Range were going to use your money to purchase from them a 20% interest in an asset they no longer own and pay them a royalty from the income stream belonging a conglomeration of Chinese companies.

The FAC require a lot more than paper shuffling to allow Range back onto the AIM market.
At least two and probably 3 directors and senior managers need to be ejected.
The callous and mendacious corporate development director would be my first choice.
The CEO whose penchant for positioning himself on planet earth as far as humanly possible from any of Ranges assets or fellow managers would make himself a strong candidatealsothe fact is .

Also the LO place men, who are both superfluous now that LO are leaving and are tied up anyway the the liquidation of LOs other failure Anterra Energy ,should also be shown the door .

You can console yourself with the fact that despite the lies and misinformation emanating from Wales and Graham - Wood that in the absence of an AIM listing the RRDSL deal cannot complete.Completion of this deal will prove to be the epitaph for this company.

I will expand on any of the above points if anyone really wants me to but it will not make for pleasant reading.

I will leave you with the following to consider.

When this company has undergone a corporate makeover in the past, Landau to Scott-Russel, Scott-Russel to Chen, the mendacious an disingenuous come on the BBs to advocate putting the past behind you only look forward.

In the metaphysical sense we have waved goodbye to Landau, RSR and Chen. However from a corporate perspective it is not possibly indeed it would be illegal to even try to expunge their existence.

Every individual who has ever worked for the company since the day of its incorporation, every asset purchased, every mistake made, every success achieved, every asset write-down,every impairment charge, every sale and every cost leaves a permanent and indelible mark on the corporate entity that is your company.

The physical manifestation of this is the Accumulated profit/loss figure found in the equity section of the company reports.

The end 2014 figure, just before Range entered its first suspension was $USD 291m loss.
The end 2016 figure, just before Range entered its second suspension was $USD 368m loss.

The current Mcap is £26.6m

Bear in mind that the Accumulated loss post withdrawal from the water flood will be far, far higher and the FAC will have seen a draft of the year end figures.

How would you deal with the situation if you were sitting on the FAC AIM governance committee?. Would you be happy to allow a company to list on the market when it had lost it's shareholder over twice its market cap in the previous two years.

Would you not take your duty of care to the wider investing community seriously enough to question whether such a company should ever attain a listing in substantially the same form as before?.

Make no mistake LO are walking out on Range, having induced them to take on approx $60m in debt for no material gain in output. By failing to deliver on the own EOR plan which they have charged us $5m they have seriously impaired the 2P reserve figures.

This impairment will in all likelihood exceed the debt they have landed us with, as the majority of the Trinidad reserves comprise the water-flood assets..

To top it all off they can't be bothered to drag their failed Caribbean oil service company back to China. They want to dump their useless assets on the Range shareholders. Remember when we sold them Rig 6 and 8 they were working exploration rigs, it only took them a mater of weeks to turn Rig 6 into a Roman Candle and now we are expected to buy it back.

Even the new rigs aren't up to scratch. It only took LGO a couple of days to work out that Rig 18 would need modification to make it cost effective in Trinidad, something that RRDSL failed to recognise in over two years of overcharging the Range shareholders.

To top it off Leo Koots has now arrived renaming LGO to Columbus and calling a halt to the infill drilling program that was the basis of RRDSL gaining any independent income.

Even then LGO only hired the Rig, they would not touch the staff bringing in their own operations staff.

The last quarterly report showed that the Range shareholders subsidized the RRDSL staff to the tune of $USD 3.6m, via a loan. That is an annulled rate just shy of $14.5m dollars, more than the cash that will be left post the completion of the other two assets.

Range cannot afford 160 hammock stretchers.

Quick question ---- in the event that there is an outbreak of common sense and the RTO is rejected. Just how do RRDSL propose to repay this debt given that their only source of income is from Range itself and is over two years into the future?

Final question ---- just where are the synergies in buying an onshore service company and and offshore well stock. Beats me too.

GLA

BF

[teenytinycoco01] 02/1/2020 18:44

WEALTH WARNING

avoid any advice from the poster celticheart07.
He has invested £56k which is now worth £480, he cannot even afford to upgrade to a basic iphone 11 hence all the spelling mistakes.
He will try and suck new investors in......avoid

[1manos] 02/1/2020 18:44

Some folk have been warning folk about the perils of this shambles
Obviously decent people

[teenytinycoco01] 02/1/2020 18:43

And as if by magic......
Love the fact you read the wealth warnings
🤡🍒🤥

[celticheart07] 02/1/2020 18:29

another one bites the dust lol

[teenytinycoco] 02/1/2020 17:27

Should be sub 1m in the bank now......tick tock tick tock

[teenytinycoco] 02/1/2020 17:07

------------------------------

When I gave you Donald Duck as the final name on the list it was to use the vernacular for the term Donald ducked which describes where this company now finds itself.

It is an abridged version of what I could write but it succinctly sums up the situation.

Mendacity is a term I have often used to describe this company. You can now add hypocrisy.
Quite what word you could use for issuing the half year results, which foretells the destruction of the Trinidad assets, after you have been trapped via the share cancellation I will leave up to you.

Nothing I write will alter or ameliorate what is going to happen.

I could write about the truth behind the stockbroker recommendations answer in the last Q&A..
I could tell you who really owns the fake Georgian assets on our balance sheet.
I could show you why the mendacious corporate development officer is running around trying to figure out which dog ate the share certificate of the non existent Guamanian assets.

I could show you that the Indonesian transaction actually predates the arrival of the drilling rigs on Trinidad, was abandoned in the spring of this year and was frantically rejuvenated when it was clear that they were not going to gain re-admittance to AIM as a smokescreen to cover why they really are being denied access to the UK investors pockets.

I could show that the 160 personnel we are taking on with the failed LO Caribbean service company have not generated a brass farthing in independent income in 2017 to date.

Does it make you any happier to know that the Range BOD choose to separate themselves by as many miles and as many time zones as it is possible?.

Would any of those revelations make you any happier?. They certainly wont make you any richer.
The BOD has gone feral and I think the FAC are aware of that.

We had the annual report of another AIM company claiming that Range were going to use your money to purchase from them a 20% interest in an asset they no longer own and pay them a royalty from the income stream belonging a conglomeration of Chinese companies.

The FAC require a lot more than paper shuffling to allow Range back onto the AIM market.
At least two and probably 3 directors and senior managers need to be ejected.
The callous and mendacious corporate development director would be my first choice.
The CEO whose penchant for positioning himself on planet earth as far as humanly possible from any of Ranges assets or fellow managers would make himself a strong candidatealsothe fact is .

Also the LO place men, who are both superfluous now that LO are leaving and are tied up anyway the the liquidation of LOs other failure Anterra Energy ,should also be shown the door .

You can console yourself with the fact that despite the lies and misinformation emanating from Wales and Graham - Wood that in the absence of an AIM listing the RRDSL deal cannot complete.Completion of this deal will prove to be the epitaph for this company.

I will expand on any of the above points if anyone really wants me to but it will not make for pleasant reading.

I will leave you with the following to consider.

When this company has undergone a corporate makeover in the past, Landau to Scott-Russel, Scott-Russel to Chen, the mendacious an disingenuous come on the BBs to advocate putting the past behind you only look forward.

In the metaphysical sense we have waved goodbye to Landau, RSR and Chen. However from a corporate perspective it is not possibly indeed it would be illegal to even try to expunge their existence.

Every individual who has ever worked for the company since the day of its incorporation, every asset purchased, every mistake made, every success achieved, every asset write-down,every impairment charge, every sale and every cost leaves a permanent and indelible mark on the corporate entity that is your company.

The physical manifestation of this is the Accumulated profit/loss figure found in the equity section of the company reports.

The end 2014 figure, just before Range entered its first suspension was $USD 291m loss.
The end 2016 figure, just before Range entered its second suspension was $USD 368m loss.

The current Mcap is £26.6m

Bear in mind that the Accumulated loss post withdrawal from the water flood will be far, far higher and the FAC will have seen a draft of the year end figures.

How would you deal with the situation if you were sitting on the FAC AIM governance committee?. Would you be happy to allow a company to list on the market when it had lost it's shareholder over twice its market cap in the previous two years.

Would you not take your duty of care to the wider investing community seriously enough to question whether such a company should ever attain a listing in substantially the same form as before?.

Make no mistake LO are walking out on Range, having induced them to take on approx $60m in debt for no material gain in output. By failing to deliver on the own EOR plan which they have charged us $5m they have seriously impaired the 2P reserve figures.

This impairment will in all likelihood exceed the debt they have landed us with, as the majority of the Trinidad reserves comprise the water-flood assets..

To top it all off they can't be bothered to drag their failed Caribbean oil service company back to China. They want to dump their useless assets on the Range shareholders. Remember when we sold them Rig 6 and 8 they were working exploration rigs, it only took them a mater of weeks to turn Rig 6 into a Roman Candle and now we are expected to buy it back.

Even the new rigs aren't up to scratch. It only took LGO a couple of days to work out that Rig 18 would need modification to make it cost effective in Trinidad, something that RRDSL failed to recognise in over two years of overcharging the Range shareholders.

To top it off Leo Koots has now arrived renaming LGO to Columbus and calling a halt to the infill drilling program that was the basis of RRDSL gaining any independent income.

Even then LGO only hired the Rig, they would not touch the staff bringing in their own operations staff.

The last quarterly report showed that the Range shareholders subsidized the RRDSL staff to the tune of $USD 3.6m, via a loan. That is an annulled rate just shy of $14.5m dollars, more than the cash that will be left post the completion of the other two assets.

Range cannot afford 160 hammock stretchers.

Quick question ---- in the event that there is an outbreak of common sense and the RTO is rejected. Just how do RRDSL propose to repay this debt given that their only source of income is from Range itself and is over two years into the future?

Final question ---- just where are the synergies in buying an onshore service company and and offshore well stock. Beats me too.

GLA

BF

[teenytinycoco] 02/1/2020 17:06

WEALTH WARNING

avoid any advice from the poster celticheart07.
He has invested £56k which is now worth £480, he cannot even afford to upgrade to a basic iphone 11 hence all the spelling mistakes.
He will try and suck new investors in......avoid

[cymrurhydd] 02/1/2020 15:24

None of us are.....

[1manos] 02/1/2020 15:07

Mr G's don't do deliveroo
Humble pie and chips .
What a knacker for abusing posters for being right
And threatening genuine people
I'm going nowhere until you lose the lot bonny lad

[cymrurhydd] 02/1/2020 14:53

It's so funny watching a clown lose 99% of their investment whilst they fight the inevitable.......hilarious but also karma ???

[lewisyfawr] 02/1/2020 14:47

Have you seen drilling rigs update? Not too disappointed at that price. Hopefully other fish in the sea.

Couple of decent buys today, so might be other news in pipeline,.

[1manos] 02/1/2020 13:52

I can recommend Mr G on scrogg road best batter in England

[rangenoresources] 02/1/2020 13:51

It's a sea of Red now What is not to like?

[rangenoresources] 02/1/2020 13:51

It's a sea of Red now What is not to like?