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Range Resources Ltd Share Chat (RRL)



Share Price: 0.46Bid: 0.41Ask: 0.51Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.10Spread as %: 24.39%Open: 0.46High: 0.46Low: 0.46Yesterday’s Close: 0.46



Share Discussion for Range Resources Ltd


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Rexco
Posts: 2,973
Off Topic
Opinion:No Opinion
Price:0.495
View Thread (2)
RE: Celtic/Rexco
Fri 15:04
If The chairman of LO is an investor in SIBO then it is in his best interest to ensure RRL do well and for them to get credit facilities on good terms. So it is rather something LO shareholders would be interested in rather than RRL shareholders since it could be construed as a conflict of interest.
 
bountyman
Posts: 1,412
Off Topic
Opinion:No Opinion
Price:0.495
Options
Fri 01:13
Big chunk set to expires in the next few days. Though at 4p and 17p were not in danger of being stuck.

Hoping for a double dose of good news next week.

Hoping for MD250 to flow at 150BOPD but not put into production due to confident nature of upside to other 2 drills that will now be drilled from same platform.

KRO
bountyman
Posts: 1,412
Off Topic
Opinion:No Opinion
Price:0.495
View Thread (3)
I just can't sleep
Fri 01:09
I'm eager to hear theory number 9453468.

Merger with Trinity back on...

I suspect some posters want to start spreading misinformation again... feel like they are missing out perhaps???

Guess who was running the SP down as it didn't hit the 0.4p base they wanted so sold at 0.29...

Waffle lies and misinformation... advice is to DYOR and take people whos opinions change when nothing else has with a huge pinch of salt.

KRO
OMADAWN
Posts: 1,523
Off Topic
Opinion:No Opinion
Price:0.495
RE: Celtic/Rexco
Thu 22:29
Do you think we should be told if the LO Chairman is a substantial investor in SIBO. I'm certainly on the case.
OMADAWN
Posts: 1,523
Off Topic
Opinion:No Opinion
Price:0.495
Shares Available
Thu 22:26
15% of shares in issue become available soon. Could this be the means of financing a M&A ?
bobo
Posts: 8,095
Off Topic
Opinion:No Opinion
Price:0.495
RE: Celtic/Rexco
Thu 21:24
Fair enough Rex.

I'm not saying it's a bad deal, and neither of us know the term of the agreement but imo with LO being the designer, credit provider, and contractor for waterflood they will have the last say on whether it happens.
Similarly the current well, their expertise was used to analyse previous well results, design and drill the well and fund it. If they thought it would be a dud they wouldn't have funded it.

They have too much jnvolvement from start to finish to be a simple credit provider.

I guess we will have to agree to disagree.
Rexco
Posts: 2,973
Off Topic
Opinion:No Opinion
Price:0.495
View Thread (2)
RE: Celtic/Rexco
Thu 20:25
Bobo,

I am not here to argue with anybody but the following statement you made is neither logical or accurate, hemce my comment.

"All I know is that if LO was my company and I was offering credit on such terms I would want significant input into how and where that money was spent. In fact only a fool would hand over the money for RRL to do as they wish."

"LO will have the right of veto over the whole project as they hold the purse strings."

You obviously have no experience of lending or credit facilities. If you do not trust the company with the money you are lending them you do NOT lend them the money.

In this case it is a moot point since LO's subsidiary is the service company doing the drilling and most of the operational side is being carried out by LO and RRDSL. So it is basically a partnership where Range set out what they want done and LO/RRDSL do it. Whilst LO/RRDSL will be providing Range with expert advice it is RRL's own oil experts who will make the final decision.

Obviously if you contact Investor Relations and they advise us in a Q&A that RRL is being run by LO and not RRL's board of directors then all shareholders will have a major problem with RRL since in the end it is the shareholders of RRL who should have control of RRL.

So your comments are not logical in my opinion.
bobo
Posts: 8,095
Off Topic
Opinion:No Opinion
Price:0.495
RE: Blue close
Thu 18:20
If that was aimed at me that's not what I said.
Celticheart
Posts: 9,426
Observation
Opinion:Strong Buy
Price:0.495
Blue close
Thu 17:50
Looks like the market disagrees with those that think we are here just for the benefit of LO
bobo
Posts: 8,095
Off Topic
Opinion:No Opinion
Price:0.45
RE: Celtic/Rexco
Thu 16:42
Rex, not sure what I said that wasn't logical, and if you read your post about the service agreement you are kind of agreeing.
If RRLs proposals meet LOs criteria they release the funds/services. LO must surely review any request.
My other comments that RRL have no choice but to use LO stand as we don't have sufficient funds to do it alone.




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