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.
Hi Mate, trust all is well? Nothing ever changes here except the tone of this forum. I look in every day but it's still the same old, same old!! I just listened to Road to Nowhere on YouTube, sounds very appropriate......take a listen if you are not too familiar with the song. So much going on here but to what end? It's ever decreasing circles until one day, RRL will vanish up it's own proverbial backside!!
aye thanks Found your posts a bit more balanced & realistic tells it how it is not how you want it to be. No it wasn't hard to filter just typeJones the twat .btw had a small punt on GKP paid 57p
Albus: Drilling Rig Fleet · One rig is being mobilised to its next location in the Morne Diablo field; · Three other rigs are operational and will recommence drilling subject to final permits from the government; · Upgrade work continues on rig 8 in preparation for deep drilling; · One rig remains stacked in long-term maintenance · STOW (Safe to Work) audit has been successfully completed and final certification from the Trinidad Energy Chamber is expected to be awarded before the end of 2014;
I do not believe we have Safe to Work permits signed off yet by the government for 4 of the rigs
Sort of. The MCAP isn't that high right now. Was to an extent a balance between what I might be able to buy at versus any more I'd have to pay. Also figure that whilst it looks like someone trying to build a big stake in the company at a penny it does give comfort they're trying to acquire at that price - which is significantly above what it is now (Understandable I think with the current MCAP, as forgiving past underperformance, the Trin position is huge, and I could see that being very attractive to many. Also, whilst the drilling fleet and staff might not have been up to much, if they get things moving it could be a further big plus, and they really could quickly end up being the biggest operator out there). So a gamble/punt as I've mentioned elsewhere. Bold if you like ;) But then I try not to let the past colour my opinion too much and my biggest returns have usually been when I go against the flow "buy when there's blood in the streets etc" :p I think seeing 4 rigs back drilling (or signed off at least) would provide a little bounce (as it should signal the start of bopd rises). Not sure how likely/imminent that is but as I say - that's the risk of missing a fractionally better price versus having to pay a bit more. At this price I was prepared to take the punt weighing it all up.
Hi Carvegyber i can see your a genuine poster on here therefore what are your views on the current BOD and apart from Trinidad how do you see RRL other projects, Regards Max
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