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Range Resources Ltd Share Chat (RRL)



Share Price: 0.175Bid: 0.15Ask: 0.20Change: -0.025 (-12.50%)Faller - Range Resources
Spread: 0.05Spread as %: 33.33%Open: 0.20High: 0.20Low: 0.175Yesterday’s Close: 0.20


Share Discussion for Range Resources Ltd


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Mickdee
Posts: 2,554
Off Topic
Opinion:No Opinion
Price:0.20
RE: Sorry I am staying strong here
Wed 19:52
Bouty
The following was posted on WS by NDT and sounds a reasonable bit of accounting and I know that NDT has a hell of a lot more experience than me.
"Whilst everyone is throwing around the headline debt figure of $80 million, we seem to be neglecting the fact that :

RRDSL Loans US$21.4m and RRDSL Acquisition cost US$5.5m Must also have an equal asset value and hence should have a nil effect on the balance sheet.

We actually had funds available to repay the $20million due loan when it was due but needed it for cash flow, hence we took the Convertible Loan of US$20m repayable November 2019 and some $17million is currently still in the bank. Therefore the net effect to balance sheet is $3 million.

Therefore is the net debt actually nearer $40 million LO outstanding loans, and the $3 million net difference between the loan note and current $17 cash in bank.

Add to this the early loan repayment we have made to LO, plus Indonesia down payment and the net figure of debt looks far more manageable. Of course these assets need refinancing to move the debt forward and be in line with the write down of the assets, but once BOPD starts to produce profit this will be achievable.

Now what is your view on the debt?
 
bountyman
Posts: 1,803
Off Topic
Opinion:No Opinion
Price:0.20
RE: Sorry I am staying strong here
Wed 19:02
In relation to staffing that is.

They clearly cant say anything about placings as we never know what is around the corner.

KRO
bountyman
Posts: 1,803
Off Topic
Opinion:No Opinion
Price:0.20
RE: Sorry I am staying strong here
Wed 18:54
I am not sure why you are asking this as it is contained within the admin doc if you have taken the time to read the same.

KRO
TheWelshBoyo
Posts: 78
Off Topic
Opinion:No Opinion
Price:0.20
RE: Sorry I am staying strong here
Wed 18:00
Do we know the current staff levels at T&T? It£s a question I have asked via website along with how they will service the debt, are they seeking further acquisitions and any guarantees on no more placings as this will kill value further unless it£s linked to production targets being met

I don£t expect all to be answered but other shareholders may well have asked this
bountyman
Posts: 1,803
Off Topic
Opinion:No Opinion
Price:0.20
RE: Sorry I am staying strong here
Wed 17:27
Don£t forget at c. $60 per barrel, approx. 67% goes to T&T govt so turns into $5.4m or just under $15k per day£

6% on $80m equates to $4.8m annually in interest or just over $13k per day.

So roughly this leaves cash (plus interest) to pay for drills and increased production, I am sure our daily expenditure outstrips $2k per day in staffing and other items.

This is crude (pun intended) maths and this does not account for offsetting expenditure and other points within the accounts.

It is not brilliant but certainly not as doom and gloom as I think some trolls are trying to portray.

KRO

Bounty.
k.j.k
Posts: 2,814
Observation
Opinion:Strong Buy
Price:0.20
RE: Sorry I am staying strong here
Wed 17:05
Some figures for you ,703 x wti $64=$44,992 A day, x7 =$314,944 a week, x52=16,377,088 i hope this helps you with your maths rainbowbottom. :)
Mickdee
Posts: 2,554
Off Topic
Opinion:No Opinion
Price:0.20
View Thread (2)
RE: Sorry I am staying strong here
Wed 16:16
OK expert bottom. Where in the current equation with waterflood increasing production on a daily basis do you fit in depletion? Add the fact, one you repeatedly ignore, that the latest well on a very tight choke is producing 120 bopd, is it that you don't understand how chokes effect production.
It takes a bit of working out where you get $14000 daily income from production at 700 bopd+ at $60+ pb ! I think you are a bit taxed with the maths or are you not the brightest colour in the rainbow pack?
Rainbowbottom
Posts: 9
Off Topic
Opinion:No Opinion
Price:0.20
View Thread (3)
RE: Sorry I am staying strong here
Wed 16:07
It doesn£t take much to work out that $14000 in income a day to pay 6% interest on $80m doesn£t stack up too well.
Luckily those nice chaps at LO gave them a payment holiday to make it look like they are doing ok.
Take the depletion rates into account and range is already losing money on a daily basis, can£t imagine how bad it would have been if they hadn£t had a bit of a result on gy684 . 2 weeks until the quarterlies that won£t be pretty reading as usual......
That£s the reason the share price is dropping on a daily basis.
I bet some wish they£d had waited to average down.....AGAIN.....
k.j.k
Posts: 2,814
Off Topic
Opinion:Strong Buy
Price:0.20
RE: Sorry I am staying strong here
Wed 16:00
No problem Mickdee. I think the waterflood should have the biggest impacked going forwould from here on the share price with improved bopd along with oil price which is now working in our faver .I think loadsamoney on worldstock has a good grasp on the figures here.
Mickdee
Posts: 2,554
Off Topic
Opinion:No Opinion
Price:0.175
RE: Sorry I am staying strong here
Wed 14:44
k.j.k
An apology, surely not. You will give the impression that civilised debate is possible when on this BB! :-)




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