Range Resources Ltd is an oil and gas exploration, development and production company. Its roots originally start from 1976 in Ohio. Since then the company was incorporated in Australia in September 1982. Its headquarters are based in Texas.
Conclude what you like, I see nothing but speculation in your post. It's natural enough to worry in the absence of news. It's also perfectly normal for punters to complain about the lack of news, it has happened in almost every stock I've ever owned over the past thirty years. For myself, I'm buying on weakness.
re : updates
Lets be honest here, we all thought give Rory a few months to review the operation & then we will turn the corner & things will be different.. Wasnt that 8 months ago ? Wasnt the SP roungly 1.3p back then ? Since then the bopd has decreased & communications have virtually dried up. I can only conclude that the reason we havent shown a marked improvement in bopd is because we havent improved it. And where is the money coming from to pay for the increased drilling programme ? I think shareholders can stomach no improvements if they are told whats going on, how difficult is that ffs ? Love to know what the 250+ staff are doing if they are not drilling, perhaps their practicing their health & safety programme or fire drill (excuse pun) ? Not expecting much from next update, that way I might be surprised in a good way for a change WG GA - take a chill pill you say. MOST of us shareholders have been in this Range trap for a few years now, we are not jumped up quick short term profit (profit, whats that. ha ha) takers
I personally think that 6 months down the line we will be ok regarding progress, As stated previously by various posters Range are still in setup mode at the moment regarding waterflood/ co2 injection, not to mention pouring over the relevant info regarding where to drill in the various blocks for best results., much better to hold off expensive drilling till the best sites have been identified IMO. RSR is probably right that there is no material news as yet, he is not going to update the market with speculative opinions like the last lot, thank goodness.You never know,but we might even have offloaded some assets by then as well!!! GLAH
Maybe you are simply overthinking this. Be calm take a chill pill and relax this will come good the new B of D is quality, have faith
It appears a few PI's are getting the same response when asking why the company is not keeping shareholders up to date with company activities. "The Company will release an operations update on Trinidad as and when there is material news to release to the market". This to me is worrying, as, if interpreted correctly it would appear that there has been little or no progress made over the last 2 or 3 months on the ground at least.
I added some longs on Friday. Might add more judging by the amount of the new 1 post wonders. There is no hope.
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