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Range Resources Ltd Share Chat (RRL)



Share Price: 0.705Bid: 0.705Ask: 0.79Change: -0.005 (-0.70%)Faller - Range Res.
Spread: 0.085Spread as %: 12.06%Open: 0.705High: 0.705Low: 0.705Yesterday’s Close: 0.71


Share Discussion for Range Res. (RRL)


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MartinOil
Posts: 464
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (4)
RE: kazzy31
11 Jun '15
The 650m shares at 0.8 started getting dumped today.... At sub 0.8... Not great business that.

Surprised if above 0.8 in 2016.... Really? New deep drills, 50m LO credit, debt free, 50%+ of shares not in free float and small matter of waterflood...

Good luck with LGO never get the animosity what's good for you is good for us.
 
Celticheart
Posts: 7,033
Answer
Opinion:No Opinion
Price:0.80
ansom
11 Jun '15
I agree that LGO have outperformed Range to date but I also am highly cynical about DL companies and in my experience it is not always as good as it sounds. They do great PR and even better hype. Don't get me wrong, they have huge potential but then so do we, my betting is that with LO on board we might just get there ahead of them in the end.
ansom
Posts: 148
Off Topic
Opinion:No Opinion
Price:0.80
Re kazzy31
11 Jun '15
celtic surely you have to admit Lgo have put range to shame .
Not taken sides btw
lewisycymoedd
Posts: 2,683
Off Topic
Opinion:No Opinion
Price:0.80
View Thread (2)
RE: LGO vs Range
11 Jun '15
Not a beauty contest is it, kezzy31. If you want to invest £5,000 in Range, you get about 650,000 shares. If you invest £5,000 in LGO, you get about 125,000 shares (I think). But the dividend you receive tends to be same in both companies and growth in Range value has been considerably more in 2015 so far and is almost certainly going to remain like that in 2015.

But it is not a beauty contest. You can see by how few Range sells there have been this week that Range shareholders have not jumped into the LGO bed (suspect many sells were to pay off Christmas 14 credit card bills). But am sure we wish LGO and their shareholders well, as they wish us well. Why would they not?
Celticheart
Posts: 7,033
Off Topic
Opinion:No Opinion
Price:0.80
View Thread (4)
kazzy31
11 Jun '15
How on earth do you get 300BOPD per well, I suggest you look a little further into how LGO calculate their total production for their Goudron field. Their current production level across all of their assets is less than 1,000 BOPD.
As for our depletion rates, why do you think LO are working on a waterflood programme?
BhoyGeorge
Posts: 1,467
Off Topic
Opinion:No Opinion
Price:0.80
View Thread (4)
RE: BG
11 Jun '15
Martin, call 'buying a company which produces 2000bbls/d is how RRL will achieve 2000bbls/d' a legitimate answer if you like, I would call it an admission of defeat.

Why don't you just buy LGO and then you will always be ahead of them in production.
MartinOil
Posts: 464
Answer
Opinion:No Opinion
Price:0.80
View Thread (4)
RE: BG
11 Jun '15
TRIN are short off cash and have commitments. You asked and it's a legitimate answer.

Where you get 2 wells from? I said end Q1 2016... 9 months away. The Niko deep drill due to take 50 days with the relic that is rig 8. With new rigs that time will cut significantly. 12 month LO credit will see us up drilling significantly, I would hope for 4+ deep drills before Q1 plus the shallows.
bewareshadows
Posts: 163
Off Topic
Opinion:Weak Sell
Price:0.80
View Thread (5)
RE: lewis
11 Jun '15
If he has you on filter, then he will not be able to read anything you post!!!!
lewisycymoedd
Posts: 2,683
Off Topic
Opinion:No Opinion
Price:0.80
View Thread (5)
RE: lewis
11 Jun '15
Nice one, Cyril. See, we can have fun without goading and ticks now and again on this board.

Now to look at Bhoy George's and Bounty's predictions - I think both of them must be insiders too. As for SaltDome, would like to know his predictions but he is too scared to post anything that might reveal any part of his naked bo*tom.
BhoyGeorge
Posts: 1,467
Off Topic
Opinion:No Opinion
Price:0.80
View Thread (4)
RE: BG
11 Jun '15
Interesting answer Martin, "how is rrl going to surpass 2000 bbl/d ? Answer, we will buy a company that is producing 2000 bbl/d"

Answer b, what are the assumptions. That 2 wells get drilled each with a 100% COS, and each producing at least 700 bbls/d. Has RRL ever drilled even 1 such well ?





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