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Market analyst Rajan Dhall talks about the financial market


Range Resources Ltd Share Chat (RRL)



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


Share Discussion for Range Resources Ltd


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bountyman
Posts: 1,677
Off Topic
Opinion:No Opinion
Price:0.34
RE: RNS
5 Apr '17
Well nothing too exciting. Would like to keep it, just for the ability to sell and recover some of the huge sunk costs before granite-gate.

That said, we have been looking for suitors for a number of years and looks like it was not going to happen so no great loss.

I suspect if we could have sold we would have but looks like 1 more asset off the sheet, one last thing to worry about.

KRO
 
biglad0001
Posts: 645
Off Topic
Opinion:No Opinion
Price:0.34
RNS
5 Apr '17
Georgia Update

Range notes an article published on 3 April 2017 by the Government of Georgia represented by the LEPL State Agency of Oil and Gas of the Ministry of Energy of Georgia ("the Agency"), announcing an open international tender on Block VIA in Georgia (the article can be accessed here: http://www.energy.gov.ge/projects/pdf/news/Tender%20Annousment%201673%20eng.pdf) ("the Tender Announcement").

Range, through its 45% shareholding in Strait Oil and Gas Limited ("SOG"), holds an interest in the Production Sharing Contract over Block VIA dated 29 March 2007 ("the PSC"). Range has been involved in the project since 2009 and has invested very substantial capital since that time with funds used to complete the minimum work programme stipulated by the PSC. The Agency has previously confirmed to SOG that this minimum work programme has been satisfactorily completed.

Range firmly believes that the PSC over Block VIA remains valid and is in good standing. Range believes that any purported relicensing of Block VIA by the Agency pursuant to the Tender Announcement would be a flagrant breach of the terms of the PSC.

Range has contacted the Agency to seek an amicable resolution and has requested an urgent meeting. In the meantime, Range has engaged legal advisers and is exploring relevant routes to preserve the value of its investment.

As at 31 December 2016, Range has a carried value of US$1.25 million attributed to its interest in the project on its balance sheet.

Further announcements on this subject will be made as and when necessary.
moons
Posts: 2,891
Off Topic
Opinion:No Opinion
Price:0.34
RNS
5 Apr '17
Georgia update
workover
Posts: 395
Off Topic
Opinion:No Opinion
Price:0.34
RE: Re: clarification
30 Mar '17
Good point erratic Phil

MANOS is an anagram for OSMNA ! Not too cleaver though...
ErraticPhil
Posts: 1,846
Off Topic
Opinion:No Opinion
Price:0.34
View Thread (5)
RE: Re: clarification
30 Mar '17
I suspect it's Manos, not Omadawn.

Well done bobo on keeping order here today whilst some have taken blind ramping to a new level.
workover
Posts: 395
Off Topic
Opinion:No Opinion
Price:0.34
RE: Re: clarification
30 Mar '17
Osma54 / ommadoom

Wellcome back
Trumploudly
Posts: 103
Off Topic
Opinion:No Opinion
Price:0.34
View Thread (6)
RE: Re: clarification
30 Mar '17
Celtic,

There were no personal attacks- certainly not from Bobo, nor from Bounty. There is nothing orchestrated. But when you post false information please expect to be pulled up on it.

Best regards
bobo
Posts: 8,256
Off Topic
Opinion:No Opinion
Price:0.34
RE: Deal Approval
30 Mar '17
yep caught me completely on the back foot this one, I also bought some. I thought there was a few quid to be made, there still maybe but they need to sell this deal big time because sentiment is shot at the moment.
I knew something was coming after they approved the CLN but I didn't for one minute expect this.

Sibo an Abrahams control 42% of the company, whatever they say goes.
bountyman
Posts: 1,677
Off Topic
Opinion:No Opinion
Price:0.34
RE: Deal Approval
30 Mar '17
Bobo, I am inclined to agree with you. There is huge potential for this to be a positive acquisition going forwards. If we had been told that we would effectively get brand new drills on an appropriate line of credit then I think you would have said that is a good deal. The bit that stinks is the “it’s a good deal to sell” and then “it’s a good deal to buy”, it could well be but it does smell of saying what people want to hear over the actual rationale.

Landauslide (I couldn’t shorten it for fear of vomiting!!), I did virtually the same about a week or so before we went into suspension. It felt like a kick in the nuts as was hopeful of a positive waterflood update on the back of the announced 800BOPD exit figure. I genuinely get the impression a game is being played, I am concerned that we are simply not being told enough information to make informed investment decisions.

I have raised a number of questions for the Q&A, I hope that they are actually answered and not skirted around. They need to be frank with us now. We are not able to run as we are locked in by the suspension so I would prefer to know whether this is indeed a speedbump or whether we are going down the pan.

I have made my feelings clear immediately following suspension and nothing has changed. As it stands if we came out of suspension today I would likely sell up most, if not all of my holding.

I do not expect to have this chance in the short-term, I am expecting the suspension to run right up until the 6 month delist deadline. I just hope we come out of suspension so we have a chance to easily crystalise losses if that is our choice.

KRO

Bounty.
Landauslide
Posts: 686
Off Topic
Opinion:No Opinion
Price:0.34
RE: Deal Approval
30 Mar '17
Can't believe I got suckered in to buying some more shares , expecting news on water flood progress.. hopefully good. I guess there is no surprise with Range, just thought these deals were left behind in Pete Landau era. Now have extra 3k holed up in this on top of my original investment.
Hope you're right about this being a not necessarily bad deal. Good to listen to posters with balanced reasoning instead of a one way ramp fest of wishful thinking. Good luck, we will all needed from here.




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