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Ariana forecast 47% rise in Kiziltepe gold production


Range Resources Ltd Share Chat (RRL)



Share Price: 0.225Bid: 0.20Ask: 0.25Change: 0.00 (0.00%)No Movement on Range Resources
Spread: 0.05Spread as %: 25.00%Open: 0.225High: 0.225Low: 0.225Yesterday’s Close: 0.225


Share Discussion for Range Resources Ltd


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Predators
Posts: 735
Off Topic
Opinion:No Opinion
Price:0.225
Rich or poor
Today 12:32
Xel dropped from £1.20 to 2p It then went from 2p to £4.20 'and then it went back to 2p. ........so timing is everything. Celtic heart can you imagine with your big holding buying into xel at around 2p. ..beggars belief the money you would have made and it was possible by jumping on board at the right time. In the end it's down to timing and bravery in buying in and crucially never fall in love with the company. ..the future is an open book. Good luck everybody
 
Surely
Posts: 616
Off Topic
Opinion:No Opinion
Price:0.225
RE: WTI
Today 12:03
Comparing companies with peers is vital. So it is absolutely necessary to look at companies you don't invest in. Who is operating the most efficiently, are companies profitable across the sector, what is the expected margins in the sector. Otherwise how do you find the undervalued ones.

I think in the interests of having a dig, you have not really thought through what you just said.
mrsmurphysbhoy
Posts: 16
Off Topic
Opinion:No Opinion
Price:0.225
RE: WTI
Today 11:47
surely
I have no interest, unlike you, in companies I don't invest in. Secondary recovery is internationally recognised and used. It has been used for years in the North Sea. You seem to think that Range in using waterflood they are gambling with the results.
Celtic has explained the additional production possible with secondary recovery.
Using your logic no company would invest in windpower, or build a car factory etc because of the initial set up costs.
I would hope that the BOD of Range are on the lookout for more "brownfield" site because these sites have proven reservoirs still to be exploited fully.
Celticheart
Posts: 13,939
Observation
Opinion:No Opinion
Price:0.225
Enhanced oil recovery
Today 10:07
It is generally accepted that primary oil recovery from wells is approximately 30% of the total amount actually in the reservoir, secondary oil recovery increases that to around 50% so that means that at least an additional 20% oil production from the field. If you incorporate further Tertiary recovery techniques (Gas, Chemical, Thermal etc.) that can be increased to as much as 80% production. That is not something we are currently even looking at but not inconceivable for the future.

[IMG]http://i63.tinypic.com/ou8pc5.jpg[/IMG]

http://www.world-petroleum.org/docs/docs/publications/2010yearbook/P64-69_Kokal-Al_Kaabi.pdf

We have the expertise and the capacity to achieve secondary recovery through RRDSL in Trinidad and the knowledge that we gain there will eventually be used to further enhance oil recovery in Indonesia. The capital outlay for water flooding is not only less than exploratory drilling but far less risk as we know the oil is already there.
Surely
Posts: 616
Off Topic
Opinion:No Opinion
Price:0.225
RE: WTI
Today 08:49
Waterflood requires expert planning, large capital investment (pumps, compressors, pipes, tanks), ongoing maintenance and ongoing surveillance. Of course it is expensive.

More to the point though, if you can't identify any other company profitably running a similar business model (brownfield with waterflood), then no point accusing me of not knowing what I'm talking about. At any time please do provide an example.

regarding Columbus , formerly lgo, never been profitable in it's ,what ,11 years existence either.
mrsmurphysbhoy
Posts: 16
Off Topic
Opinion:No Opinion
Price:0.225
View Thread (3)
RE: WTI
Fri 15:38
Surely
I don't currently follow any other AIM oilers but I do question your statement that waterflood is expensive. How do you calculate "expensive"? Granted, initially it may appear expensive but the long term production costs defray the initial expense. Why do you think Petrotrin and Columbus are looking at waterflood? Not because it is expensive but over the period produces oil where conventional drilling isn't.
Surely
Posts: 616
Off Topic
Opinion:No Opinion
Price:0.225
RE: WTI
Fri 15:16
Celtic, "Indonesia is a longer term play it is not the reason why we will become profitable in the shorter term"

So yes you did quote that in March. It was at the time you were trying to shut down discussion about Indonesia at all.

I don't understand your other bit about "quoting the same phrase" so can't comment on that
Celticheart
Posts: 13,939
Observation
Opinion:No Opinion
Price:0.225
View Thread (2)
RE: WTI
Fri 15:11
If you are going to quote me please get it right, I did not say Indonesia would not be profitable or give a timeframe only that the focus is currently on Trinidad with Indonesia being a longer term project. I see you still do the trick of quoting the same phrase over and over again, just as other posters did. Strange that.
Surely
Posts: 616
Off Topic
Opinion:No Opinion
Price:0.225
RE: WTI
Fri 15:04
murphy, Waterflood is a secondary recovery technique and expensive, thus reducing profits. CelticHeart also posted the opinion that indonesia is unlikely to be profitable anytime soon. So not just me saying that.

Perhaps if you give me an example of another AIM company that you know of operating a very profitable brown field site, and we can examine the bbls-d and how much profit it makes from it. That would be helpful and help me understand what I have misunderstood.
mrsmurphysbhoy
Posts: 16
Off Topic
Opinion:No Opinion
Price:0.00
View Thread (2)
RE: WTI
Fri 14:38
Surely
Once again you show your lack of knowledge of Range and in particular Indonesia. You seem to conveniently to discard Indonesia as a typical shallow field when in fact the last two wells drilled both exceeded 100 bopd. You also fail to acknowledge the waterflood potential for the field. Once again tho, don't let facts get in the way of your mark down of Range




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