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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


Range Resources Ltd Share Chat (RRL)



Share Price: 0.34Bid: 0.33Ask: 0.35Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.02Spread as %: 6.06%Open: 0.34High: 0.00Low: 0.00Yesterday’s Close: 0.34


Share Discussion for Range Resources Ltd


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bobo
Posts: 8,253
Off Topic
Opinion:No Opinion
Price:0.34
RE: RNS
6 Apr '17
Ah yes the helium survey, groundbreaking tech eh

FFS what a laugh
 
ErraticPhil
Posts: 1,844
Off Topic
Opinion:No Opinion
Price:0.34
RE: RNS
5 Apr '17
Sounds about right boobs. What was it, helium survey indicating 80% chance of success or somesuch? We were all crazy then.
bobo
Posts: 8,253
Off Topic
Opinion:No Opinion
Price:0.34
View Thread (2)
RE: RNS
5 Apr '17
Georgia is a dead duck best forgotten.

Not sure which block we are talking, as I seem to remember there are two.

As far as I remember we were committed to seismic and two wells. The seismic was carried out although even our CPR said it was too sparse to drill on, but heyho landau drilled anyway. Now I think we renegotiated the second well and ran a VSP, this may be a bone of contention.
Again, as far as I remember, further work commitments were renegotiated around some ridiculous report that wasn't even a CPR about a CBM project and reactivating old wells rather than drilling. Landau BS at its best.

So the issue could possibly be due to an old well commitment, and/or additional seismic, or maybe the lack of progress on the CBM project.

It's a write off now, how anyone thinks we will extract cash out of the Georgian govt is beyond me.......that would be as daft as the Colombian govt extracting cash out of an Aus company......wait a minute hang on
bountyman
Posts: 1,674
Off Topic
Opinion:No Opinion
Price:0.34
RE: RNS
5 Apr '17
Celtic, I hope the comment re dislike for you was not aimed at me, as I have always tried to be reasoned in any arguments I have had.

There are a number of points regarding Georgia, firstly, we have worked on the premise that we have fulfilled all of the obligations required. We have not undertaken any work in a long time (can’t be bothered to go through the old RNS announcements) but it must be 5 years ago. We have been trying to offload the lease since then, we have no intention of drilling further according to previous releases hence the massive write down.

I would imagine that there are certain clauses above and beyond the initial drilling to secure the right to drill, as the government want the land to be drilled so that they can benefit, and with nothing happening they are losing out. So I am doubtful that our claim that we are meeting the requirements of any PSA in spite of what the company post. I know you will disagree with this but I have little faith at the moment.

Further to that, if we took them to court, I wonder who a Georgian court would side with, their government or a third party company who is holding up potential cash flow into the country.

I disrespect Celtic but you have very seldom actually rebutted any of my arguments that I have posted in depth over the recent months.

KRO
workover
Posts: 394
Off Topic
Opinion:No Opinion
Price:0.34
RE: RNS
5 Apr '17
Btw I have nothing against you but even you must see how ridiculous that sounds ? I hope we don't start any more legal cases! We have already been to court with Lind, platinum partners and the government of Colombia! No more legal disputes with governments please !
workover
Posts: 394
Off Topic
Opinion:No Opinion
Price:0.34
RE: RNS
5 Apr '17
But if the contract has expired and the "tenant" has failed to meet minimum contract obligations over a 6 year period ! The landlord has every right to kick the tenant out and find a suitable replacement who will act in accordance with the contract and the minimum requirement specified in the contract ! Now do you understand?
Celticheart
Posts: 11,499
Observation
Opinion:No Opinion
Price:0.34
View Thread (2)
RE: RNS
5 Apr '17
I think it is a case of you being so blinkered by your dislike of me that you cant see the glaringly obvious. The Georgian government signed a lease which is a legally binding agreement for which they are liable. To use your analogy if you lease a flat to someone you can't then lease the same flat to someone else without legal consequences. Now do you understand.
workover
Posts: 394
Off Topic
Opinion:No Opinion
Price:0.34
RE: workover
5 Apr '17
Plaster luckily for me , I hadn't heard of a company called Range resources when they were drilling in Georgia ... I guess your average is in the teens ? If you can remember the 2010 days and 24p/ share !!!
plaster
Posts: 83
Off Topic
Opinion:No Opinion
Price:0.34
workover
5 Apr '17
where were you when we were drilling in georgia, 2 drills
bountyman
Posts: 1,674
Off Topic
Opinion:No Opinion
Price:0.34
No QnA
5 Apr '17
Eva has confirmed no QnA to happen until after the completion of the RTO.

KRO




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