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Range Resources Ltd Share Chat (RRL)



Share Price: 0.597Bid: 0.55Ask: 0.644Change: 0.0265 (+4.65%)Riser - Range Res.
Spread: 0.094Spread as %: 17.09%Open: 0.60High: 0.60Low: 0.58Yesterday’s Close: 0.5705


Share Discussion for Range Resources Ltd


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Celticheart
Posts: 9,785
Observation
Opinion:Strong Buy
Price:0.58
Buying back above 0.6
Today 13:01
Nice Million buy gone through @ 0.6149
 
Celticheart
Posts: 9,785
Observation
Opinion:Strong Buy
Price:0.58
RNS Trinidad Drilling Update
Today 12:46
Range Resources Limited (RRL)
Trinidad Drilling Update

30-Aug-2016 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information, transmitted by EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Trinidad Drilling Update
Range is pleased to confirm that the QUN 159 well which was spudded on 8 August 2016 has reached target depth of 2,500 feet. This is the third development well drilled by Range in Trinidad this year. The well is located at Morne Diablo field and was targeting the Lower Forest and Upper Cruse horizons.
Preliminary analysis of the well indicates approximately 40 feet net oil pay. The programme to perforate the well has been approved by the government and Range intends to proceed with production testing of the well during early September.
Production testing on the two previously drilled development wells (MD 250 and MD 251) is also underway. All three wells are expected to be brought into production during Q3 2016.
bountyman
Posts: 1,514
Off Topic
Opinion:No Opinion
Price:0.58
RE: ASX up 11%
Today 12:43
Celtic, I agree the lack of RNS and the shares being shown as delisted is probably and error as nothing of the sort is being shown on the stock exchange website.

I am happy that an RNS has been released. It was a bit of a nothing RNS but keeps us posted that production testing is underway/ongoing at all 3 wells. We should hear reasonably soon as to the outcome of all three wells which should show a marked increase in production and given we are sitting on all time low production levels, of c. 350 BOPD (possibly lower) we could potentially see a doubling in production virtually overnight.

These wells in the scheme of things are small fry as the waterflood is the game changers so the big RNS to look out for are the Sinosure deal and the Petrotrin water contract signing. These allow us to press ahead at a significantly increased rate.

All in all I am happy with the RNS as it keeps shareholders in touch with what is going on.

I would have liked to have heard about where the drills are going next, whether the other drills are being signed off and whether we are going to do the exploration well (I can never spell) in the Guayaguayare (thanks Ctrl+C and Crtl+V) block.

Positive movement can not be sniffed at.

Regarding the ASX SP increase. We could easily be up by a similar percentage, however a spread of 17% doesn’t give a true reflection. Nice to see sells going through at close to 0.6p though.

Good luck and let’s hope September shows continuing delivery on the positive movement over the past few months.

KRO

Bounty.
Celticheart
Posts: 9,785
Observation
Opinion:Strong Buy
Price:0.58
ASX up 11%
Today 12:19
ASX was up 11% overnight on the back of the drilling update RNS so no issues that I can see
Celticheart
Posts: 9,785
Observation
Opinion:No Opinion
Price:0.58
LSE errors
Today 12:17
You might also want to note that LSE has not yet posted today's RNS either, system problems I suspect
Photomic1962
Posts: 8,483
Off Topic
Opinion:No Opinion
Price:0.58
MXO has the same message
Today 11:40
......so it's an error.
Photomic1962
Posts: 8,483
Off Topic
Opinion:No Opinion
Price:0.00
Oh Sh**
Today 11:36
Gone for good or just temporary? Whilst I forecast this yonks ago, I wouldn't have expected this now, just as things were getting going.
Sharkyboy
Posts: 280
Observation
Opinion:No Opinion
Price:0.00
Shares delisted or suspended
Today 11:22
Anyone have any idea why it says this on the LSE Platform?
ChickenChallenge
Posts: 177
Off Topic
Opinion:No Opinion
Price:0.58
Wherefore art thou OilSpill
Today 10:07
OilSpill, OilSpill, Wherefore art thou OilSpill ?
torchy663
Posts: 7,727
Off Topic
Opinion:No Opinion
Price:0.58
View Thread (3)
sp
Today 09:56
more progress........ :-)




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