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Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market


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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Landauslide
Posts: 686
Off Topic
Opinion:No Opinion
Price:0.34
View Thread (2)
Same old
13 Apr '17
Blah blah , I guess running on the spot is considered as progress in some peoples minds.
 
Alsugar
Posts: 844
Off Topic
Opinion:No Opinion
Price:0.34
View Thread (2)
Ch
13 Apr '17
I though the 564 bopd was disappointing in beginning of Jan it was in excess of 800 what's happened their
And as for the water pipes its seems to to taking forever personally I though it would of been better news
Celticheart
Posts: 11,719
Observation
Opinion:No Opinion
Price:0.34
Quarterly report
13 Apr '17
Good to see that we are making steady progress on the waterflood with the agreement for additional water from Petrotrin signed, will be even better when we get the 3rd party approval to cross their licensed area.The increasing POO is obviously good and that seems set to continue for the foreseeable future. Not an earth shattering quarterly report but no nasty surprises either. Nothing we didn't know but reassuring to know we are still moving steadily in the right direction and, for now at least, unhindered by the market using low trading volumes to knock the sp.
biglad0001
Posts: 644
Off Topic
Opinion:No Opinion
Price:0.34
RNS - Quarterly Report + Appendix5B
13 Apr '17
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

The Company provides its quarterly activities report for the period ended 31 March 2017.

Trinidad operations

Production

The Company's oil production for the period was 51,055 barrels (average of 567 barrels of oil per day ("bopd")) net to Range, which is a 4% increase from the previous quarter.

During the period, the Company continued with implementation of the waterflood projects in Trinidad with a view of delivering production growth and sustainable positive cashflow.

Beach Marcelle waterflood

Range is pleased to advise that during the period production commenced at the South East Block of Beach Marcelle field at an average rate of 60 bopd. As the implementation of the waterflood programme continues, Range has accumulated abundant new data and is in the process of making adjustments to the original plan based on the analysis of this data and expediting the surface construction schedule.

Once the remaining work programme has been completed, the water injection rates are expected to increase to approximately 6,000 bwpd.

In the meantime, the Company signed agreements with Petrotrin to use produced water from their operations, which will increase injection rates by a further 700 bwpd. The Company has recently received environmental approvals for this work and commenced construction of the pipeline, which is currently 65% completed. The Company is required to obtain third party approval for a pipeline crossing before it can be fully completed.

Morne Diablo waterflood

During the period, production at the project continued at an average rate of 50 bopd. To increase water injection rates by approximately 3,000 bwpd, the Company signed an agreement with Petrotrin to use produced water from Petrotrin's existing operations. The Company will be required to construct a new water pipeline, as well as the gathering and transfer stations to access this additional water supply with all major approvals already in place. The engineering designs and plans for this remaining work programme are being finalised.

Waterflood injectivity testing

The Company has identified additional areas on its fields which could be suitable for waterflooding. During the period, the Company commenced injectivity testing on the MD 10 area of the Morne Diablo field and the QU 280 and QU 444 areas of the South Quarry field. The results to date have been encouraging and the Company is in the process of preparing an application for pilot waterflood on the MD 10 area.

The Company is preparing to undertake injectivity testing on the Central Block of the Beach Marcelle field.

Explorati
Celticheart
Posts: 11,719
Observation
Opinion:No Opinion
Price:0.34
Malcy's blog / POO
11 Apr '17
Oil price
As I commented some days ago the oil price is a one way street at the moment and so far no amount of inventory worries can overturn that feeling. Yesterday saw Libya shutting in its Shahara field after a terrorist attack on the pipeline but anyone who cites Libya producing more anytime soon needs a trip to the funny farm. The Kuwaiti Oil Minister said yesterday that Opec adherence to the agreement was actually ‘higher’ than quota in March and a rollover is increasingly in the price., again as I said a few days ago the risk in the oil price has been being short, a problem that might get worse before it gets better…
truthinbeer
Posts: 101
Off Topic
Opinion:No Opinion
Price:0.34
RE: RNS
9 Apr '17
Correction...Range did complete PSA obligations Block 6A...not 6B. Apologies for error.
truthinbeer
Posts: 101
Off Topic
Opinion:No Opinion
Price:0.34
RE: RNS
9 Apr '17
bobo is right, best to forget about any return from Georgia. If we get something back it will be a bonus.

No-one wants to buy any license blocks in Georgia and believe me there are better blocks available right now than 6A. Tehthys want out of their JV obligations with their lead partner and Jindal have done badly as well.
Range/SOG have not fulfilled their PSA obligations for some time. The Georgian oil ministry is not easy to deal with and are unrealistic in their PSA expectations in the first place. They will not vary any PSA terms during the agreement, period. Completely inflexible as they are all too concerned about keeping their jobs for life...totally archaic Russian system. SOGG holds the title for the blocks and so they are the go-betweens with the oil ministry, not Range. SOGG? Total bunch of clowns.
bobo
Posts: 8,256
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: 1,846
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.




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