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Range Resources Ltd Share Chat (RRL)



Share Price: 0.795Bid: 0.79Ask: 0.80Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.01Spread as %: 1.27%Open: 0.85High: 0.85Low: 0.79Yesterday’s Close: 0.795


Share Discussion for Range Res. (RRL)


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RichTheNewbie
Posts: 9,971
Answer
Opinion:No Opinion
Price:0.78
View Thread (4)
RE: RTN
Fri 07:54
wikkiman: Yes....
BOPD/revenue virtually unchanged and as expected - fractionally up and still dire.
"we aim to complete three to five development wells in Q4'14" - 3 to 5 wells in the entire quarter.......truly terrible.
Rest of it basically fluff we already knew.
 
surf1
Posts: 1,109
Observation
Opinion:No Opinion
Price:0.78
.
Fri 07:39
Looking a little better... Let's hope range can get production moving now and it's game on.:)
Celticheart
Posts: 5,860
Observation
Opinion:Strong Buy
Price:0.78
View Thread (4)
RE: RTN
Fri 06:59
ASX up 15% overnight, best buy back in soon RTN, that was a pretty good quarterly report overall. Blue day coming.
wikkiman
Posts: 421
Off Topic
Opinion:No Opinion
Price:0.78
View Thread (4)
RTN
Fri 06:45
Did you even read any of the report?
lewisycymoedd
Posts: 1,597
Off Topic
Opinion:Strong Buy
Price:0.78
View Thread (4)
RE: .
Fri 01:48
You're usually a happy bunny at night and a grumpy person in morning.

The general view of the night owls across the boards seems very positive. Our safety record, our new uniforms, our new clear presentation of Annual and Quarterlies - yet you want even more. :-) I think we might have 5 rigs fully operational for Jan, Feb and March. And that should safely allow us to exceed 1000 bopd right throuh that period - as per delayed RSR target.

What I like about new BOD is there is very little deception. Everything has gone more or less to plan. Production delays are very frustrating, like sales of Texas and Georgia. But costs are being hacked away and we still carry the luxury of dual listing and Directors and office in Perth (why?). It seems it will all come right with only the slightest bit of patience.
RichTheNewbie
Posts: 9,971
Off Topic
Opinion:No Opinion
Price:0.78
View Thread (4)
RE: .
Fri 01:34
Lewis - I'm not sure if that's right but I'll take your word for it. If it's true it's a pretty depressing picture. Especially in Range's financial situation. At best that would probably result in only mildly better than a stagnant bopd.
I agree on the potential which is why I'm more than frustrated (and have been for years :p).
I was willing to give Rory a decent crack of the whip. He's starting to exhaust the patience now though. From the minute he took office, simple quick wins at raising the bopd should have been priority #1, priority #2 or equal #1 should have been cost cutting.
Off to sleep now for me. Grumble grumble.
lewisycymoedd
Posts: 1,597
Off Topic
Opinion:Strong Buy
Price:0.78
View Thread (4)
RE: .
Fri 01:29
RTN. And I doubt we will have much more than 3 rigs working for a time yet - based on fact that once the the fifth rig is out of maintenance and two others have obtained permits, the two existing rigs will probably need to be taken out for maintenance.

It looks like sixth is caput, but this time next year 5 rigs vs 2 rigs should be an impressive comparison. And we know the area is awash with oil cf LGO at 700 bopd.
RichTheNewbie
Posts: 9,971
Off Topic
Opinion:No Opinion
Price:0.78
View Thread (4)
.
Fri 01:00
You're welcome for the bopd prediction which was spot on as usual.
Sadly it was yet another terrible RNS. TWO rigs drilling!? Even friggin Landau managed better than that and he can barely value an asset based on comparative companies according to old presentations.
I genuinely want to buy back in but they're making it fkin difficult.
Even more grumpy than yesterday now.
wikkiman
Posts: 421
Off Topic
Opinion:No Opinion
Price:0.78
very positive Q3 report
Thu 23:54
Heading in the right direction. Really encouraging.
lewisycymoedd
Posts: 1,597
Off Topic
Opinion:Strong Buy
Price:0.78
ASX
Thu 23:51
up 15% at .83p so far.



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