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ASCENT RESOURCES: Gas flows mean cash flows to develop up to 15 wells


Range Resources Share Chat (RRL)


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HollowSword
Posts: 657
Off Topic
Opinion:No Opinion
Price:0.00
When you are ready ch
Fri 10:55
I will type slowly so as to help you understand.

My answering random questions on Perlak is not the issue.

The issue is with posting mis-information in order to ramp Range Resources.

We have now your admission that you calculated that the TRIN deal would not be recouped in year one, and hence your admission that you posted mis-information.

celticheart posted that QUN161 was a game changer in order to ramp as usual, and later when confronted with this claim denied saying it.

As both your and celtichearts posts are still here for all to see, although you now have admitted posting mis-information, celticheart has evaded commenting on why first he called QUN161 a game changer, and later denied it.

This is about posting mis-information, nothing to do with random questions that you use to try to deflect attention away from both of your baseless ramping based on false information.

Hope that clears it up for you.

For clarity, once celticheart answers the questions that have been asked weeks ago but has not answered, I will respond to your questions that were asked one day ago.
 
Calzaghe250
Posts: 31
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Price:0.00
RE: FYI
Fri 10:53
Thanks HollowSword for posting that. Very interesting indeed
HollowSword
Posts: 657
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Price:0.00
FYI
Fri 10:53
HollowSword
Posts: 657
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Price:0.00
FYI
Fri 10:51
HollowSword
Posts: 657
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Opinion:No Opinion
Price:0.00
RE: Ramping
Fri 10:46
Oh dear... more mis-information...

Did you not know it was tradeable on ASX ?

Although no one seems to be buying, despite your and celtichearts baseless ramping with mis-information.
Mickdee
Posts: 2,438
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Price:0.00
View Thread (2)
Ramping
Fri 10:44
I hope HollowSword reads this post because it poses a question for him alone to answer.
Simply "How do you ramp a share that has been suspended for months?"
HollowSword
Posts: 657
Off Topic
Opinion:No Opinion
Price:0.00
RE: RE:Mickdee
Fri 10:29
I will type slowly so as to help you understand.

My answering random questions on Perlak is not the issue.

The issue is with posting mis-information in order to ramp Range Resources.

We have now your admission that you calculated that the TRIN deal would not be recouped in year one, and hence your admission that you posted mis-information.

celticheart posted that QUN161 was a game changer in order to ramp as usual, and later when confronted with this claim denied saying it.

As both your and celtichearts posts are still here for all to see, although you now have admitted posting mis-information, celticheart has evaded commenting on why first he called QUN161 a game changer, and later denied it.

This is about posting mis-information, nothing to do with random questions that you use to try to deflect attention away from both of your baseless ramping based on false information.

Hope that clears it up for you.

For clarity, once celticheart answers the questions that have been asked weeks ago but has not answered, I will respond to your questions that were asked one day ago.
Celticheart
Posts: 12,872
Observation
Opinion:No Opinion
Price:0.00
typo
Fri 10:26
That is of course Indonesia Perlak field (thanks autocorrect)
Celticheart
Posts: 12,872
Observation
Opinion:No Opinion
Price:0.00
Indonesia perk field
Fri 10:25
Range Resources acquired an interest in Indonesia's Perlak field, which throughout its long history had produced close to 60m barrels, the group announced on Tuesday. The AIM-listed outfit purchased a 23% interest in Perlak, which was located in Northeastern Sumatra for $3.2m to be funded from the existing cash resources of the company, payable in tranches. Upon completion of the minimum work programme, its interest in Perlak would rise to 42%, the company said in a statement. Range estimated material remaining oil in place, covering all resoruce and reserve categories, at as much as 500m barrels. That, the company said: "demonstrates the high prospectivity of the field and substantial reserves and resources growth potential." Under the terms of the deal, the group was also granted a long term licence expected to expire in 15 years on 31 March 2032.

Furthermore, the outfit was given a 'put' option, allowing it to sell its shares to the vendor at full investment cost as protection against possible underperformance. The low risk low cost work programme was aimed at re-initiating production from the existing wells, firming up the field development plan and fully exploiting the potential resources.

The Perlak field overview

The field is located in an established hydrocarbon province of Aceh, Northeast Sumatran basin and covers an area of 10.4 km2. The field is one of the oldest producing oilfields in the world, first discovered in 1899. It lies on-trend with many producing hydrocarbon fields, including the giant Arun field.

The Perlak field was produced primarily in the period up to the early 1940s from the crestal part of the structure (the "developed area"). Over 300 wells have been drilled to date, with 250 of those put into production. The field has produced approximately 59 mmbbl to date from very shallow depths of less than 1,000 metres (3,300 feet). The oil is very light with average API of 45-50 degrees. The average recovery factor of the developed area to date is estimated at 36%.

The field was shut-in during World War II and there has been limited activity carried out since that time, mainly by smaller local operators. Eleven wells had been drilled on the field since 1970s. Two of the more recent wells drilled in 2011 were put into production of 180 and 100 bopd, respectively, producing very light high quality oil 53 degrees API.

The mature operating environment offers low cost development opportunities of the field with potentially short lead times to production. In addition, the Company believes that substantial potential exists in the areas of the field that have not yet been developed.

The field benefits from 2D and 3D seismic which has been obtained by previous operators and will be evaluated as part of the upcoming work programme.
HollowSword
Posts: 657
Off Topic
Opinion:No Opinion
Price:0.00
Clarity
Fri 10:24
For clarity, once celticheart answers the questions that have been asked weeks ago but has not answered, I will respond to your questions that were asked one day ago.




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