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Range Resources Ltd Share Chat (RRL)



Share Price: 0.535Bid: 0.56Ask: 0.64Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.08Spread as %: 14.29%Open: 0.535High: 0.00Low: 0.00Yesterday’s Close: 0.535


Share Discussion for Range Res. (RRL)


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Celticheart
Posts: 6,316
Off Topic
Opinion:No Opinion
Price:0.54
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carvegyber
Wed 12:10
Carve give it a rest, what is your purpose for tearing into Range every day, you hold no shares here?
 
MartinOil
Posts: 360
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Opinion:No Opinion
Price:0.54
View Thread (4)
Carv
Wed 11:55
If we are under 0.9p after spending $40m and $50m in LO services it's game over anyway.

Hoping they have drawn the LO $50m now and are ramping up production to come out of suspension on a high. Writing of what LO $50m can be spent on is open to interpretation so time will tell.
carvegyber
Posts: 4,979
Off Topic
Opinion:No Opinion
Price:0.54
martin
Wed 11:44
The $20m is slightly misleading. It is actually at 15% discount of VWAP if the SP is lower than 0.9p. Therefore at current SP it is 2.8B shares. So 5.1b + 3.2b + 2.8b = 11 billion shares.

As you say, add some in for good measure due to options and other payments so most likely closer to 12b.
lewisycymoedd
Posts: 2,165
Off Topic
Opinion:No Opinion
Price:0.54
LGO v RRL
Wed 11:41
https://uk.finance.yahoo.com/q/ta?s=RRL.L&t=1m&l=on&z=l&q=l&p=&a=&c=lgo.l

Well, at least you can still buy and sell LGO Energy
lewisycymoedd
Posts: 2,165
Off Topic
Opinion:No Opinion
Price:0.54
IOP
Wed 11:34
Their target is to come out of suspension before end of year. I make that 9 more working days to get back on NSX and try to pay back their 3 big creditors. I think they have fulfilled all conditions that forced them to go into voluntary suspension. Not that we expect them to open at the 6c they were at 18 months ago, but anything might be a pleasant surprise.
MartinOil
Posts: 360
Off Topic
Opinion:No Opinion
Price:0.54
Shares
Wed 11:14
Currently it's 5B. $40m (£25m) at 0.8p will be circa 3B. The other $20m (£12.5m) at 0.9p will be circa 1.3B. 9B fairly likely (though maybe not the $20m for a while IMO) Depending on how we deal with Lind could see 10B. Lots of different factors, I'd say 8B a given and 10B within a year or so followed by consolidation.

Just have to hope the extra 3-4B shares are held and not sold down.
BhoyGeorge
Posts: 1,020
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Opinion:No Opinion
Price:0.54
View Thread (6)
RE: Enough interference
Wed 11:08
it's a perfectly plausible scenario, more plausible than 'there will be a joint venture with LGO' which has been suggested.... what a lot of suspenders
Gunner68
Posts: 86
Off Topic
Opinion:No Opinion
Price:0.54
Shares
Wed 10:51
How many in issue have I missed something I thought it was around 5 billion not 11 can someone clarify please
albus
Posts: 928
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Opinion:No Opinion
Price:0.54
TT bopd
Wed 09:35
The TT gov monthly reports give some indications of whats going on. Rigs working , new wells, completions or non completions. No one has explained the mystery why we have rigs described as operational but not doing anything because Permits (STOW or othertherwise ) have not been given. The other thing that happened was that TTgov clamped down on the sale of oil on the black market. Has RRL employees been involved we wonder. There is something wrong in that rigs have been "off line" for 8 months and more which means we have only 2 point something rigs and not 5 point something. So they have to get a drilling sub-contractor with permits or new equipment. In any event getting to 700bopd from TT alone is going to be a real struggle until something happens so this is more operating loss and money down the pan
carvegyber
Posts: 4,979
Off Topic
Opinion:No Opinion
Price:0.54
jonah
Wed 09:13
Hi, yes it would be very interesting to see how the drilling is progressing with all this turmoil and now that company is without its chief operating officer. The end Jan update will be telling. I am guessing a lot of big decision will be put off until the Chinese have control post EGM.

With 11 billion plus shares on the cards, I doubt this will be over 1p in a hurry considering the current oil price (mkt capt £110m). It will take at least 2 years even taking into account waterflood.





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