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Range Resources Ltd Share Chat (RRL)



Share Price: 0.46Bid: 0.41Ask: 0.51Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.10Spread as %: 24.39%Open: 0.46High: 0.46Low: 0.46Yesterday’s Close: 0.46



Share Discussion for Range Resources Ltd


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OMADAWN
Posts: 1,523
Off Topic
Opinion:No Opinion
Price:0.46
RE: focus on Range Resources
Today 11:24
RRDS was sold to LO to enable LO to have exclusive right to all revenue generation. If you check the accounts in detail you will see that the loan to LO to complete the purchase was settled via offsetting debt to LO to keep the debt of the balance sheet , an independent Bod would not have done it the way , this was done at share holders expense
 
Sanchez57
Posts: 1,100
Off Topic
Opinion:No Opinion
Price:0.46
Hawk
Today 10:29
Nighthawk in grave danger, PMO still looking over their shoulder a bit, LGO facing placements and dilution to stay afloat. The list is endless. RRL not in precarious state they were, so celebrate that fact while we wait with bated breath for ops news.
MartinOil
Posts: 934
Off Topic
Opinion:No Opinion
Price:0.46
View Thread (3)
In summary
Today 09:04
LO will get paid for the work done... Shocking stuff indeed, never seen these practices before.

If RRL are successful and price of oil increases both LO and RRL (and RRL investors) will make money.
Celticheart
Posts: 9,426
Observation
Opinion:Strong Buy
Price:0.46
focus on Range Resources
Today 08:29
Ten mentions of LO and not one mention off RRL in one posting, well I for one believe that RRL is now looking better than it has for a long time. The RRL BOD and the RRL management team have shown that they are focused and motivated in making our waterflood enhanced oil recovery a reality (first output due in the second half of 2016). They have also showed that cash burn has been dramatically reduced, not least by selling off RRL's old rigs to RRDSL which has given us access to 4 brand new rigs to drill with. Test results still to come on MD 250 which should also underpin production growth for RRL. The future for RRL is looking bright IMHO.
OMADAWN
Posts: 1,523
Off Topic
Opinion:No Opinion
Price:0.46
RE: Celtic/Rexco
Fri 18:41
Rex,

Land Ocean announced Chairman’s pledged shares. of a similar amount to initially Core and then Sibo. This is documented.

Pledged shares is a fairly common way of raising funds in China and indeed when the Chinese stock market was suspended recently, share pledge share rules where relaxed to enable funds to be raised without shares being issued at a very low price.

Pledged shares means he will recover the Land Ocean shares when he repays the money that has been raised using the shares as security. It is in his interest to ensure that Land Ocean increases its’ MCap.

He will want RRL to do well, so that he can maximise his Land Ocean shares.

As controller he does it by having control over what happens, maximising LO’s revenue. He will ensure that LO’s credit can always be repaid and seek to take as much revenue as he can for LO, leaving nothing in the company for investors.

As you showed, the monies have been carefully balanced, just enough flow to repay the credit terms and cover overheads.

Sino would be the insurance policy for the money from LO, but by bringing the water flood revenues first and then drilling this insurance will not be needed.

Remember the $450M work forecast for LO ? Remember the $50M PO for undefined work, LO needed tat for governance
Celticheart
Posts: 9,426
Observation
Opinion:No Opinion
Price:0.495
Oil bullish
Fri 15:34
Rexco
Posts: 2,973
Off Topic
Opinion:No Opinion
Price:0.495
RE: Celtic/Rexco
Fri 15:04
If The chairman of LO is an investor in SIBO then it is in his best interest to ensure RRL do well and for them to get credit facilities on good terms. So it is rather something LO shareholders would be interested in rather than RRL shareholders since it could be construed as a conflict of interest.
bountyman
Posts: 1,412
Off Topic
Opinion:No Opinion
Price:0.495
Options
Fri 01:13
Big chunk set to expires in the next few days. Though at 4p and 17p were not in danger of being stuck.

Hoping for a double dose of good news next week.

Hoping for MD250 to flow at 150BOPD but not put into production due to confident nature of upside to other 2 drills that will now be drilled from same platform.

KRO
bountyman
Posts: 1,412
Off Topic
Opinion:No Opinion
Price:0.495
View Thread (2)
I just can't sleep
Fri 01:09
I'm eager to hear theory number 9453468.

Merger with Trinity back on...

I suspect some posters want to start spreading misinformation again... feel like they are missing out perhaps???

Guess who was running the SP down as it didn't hit the 0.4p base they wanted so sold at 0.29...

Waffle lies and misinformation... advice is to DYOR and take people whos opinions change when nothing else has with a huge pinch of salt.

KRO
OMADAWN
Posts: 1,523
Off Topic
Opinion:No Opinion
Price:0.495
RE: Celtic/Rexco
Thu 22:29
Do you think we should be told if the LO Chairman is a substantial investor in SIBO. I'm certainly on the case.




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