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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


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mrsmurphysbhoy
Posts: 15
Off Topic
Opinion:No Opinion
Price:0.225
View Thread (2)
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: 614
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: 13,937
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: 614
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: 15
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
Alansugareatyour
Posts: 23
Off Topic
Opinion:No Opinion
Price:0.00
View Thread (2)
RE: Curious
Fri 13:34
"Strange how readers who never post on here can't resist getting involved, ah well back to what matters, Range."

What matters? Nothing to do with range really matters anymore, even if you held a 3 million shareholding an RRL portfolio would be worth less than my dodgy Peugeot. The ordinary punters don't have a material holding anymore.
bountyman
Posts: 1,976
Off Topic
Opinion:No Opinion
Price:0.225
RE: Today in the markets
Fri 12:41
Rex, I don£t necessarily think the return to waterflood means that the assets are only suitable for waterflood, it COULD mean that but it is not the only thing that it could mean. They have sunk a lot of capital into the waterflood so maybe given the financial position it is better to have a couple of successful projects rather than lots that we can£t manage. We MAY be able to finance other drills but this MAY put constraints on other projects etc if something were to go wrong.

Would you prefer they gamble and risk going bust or try and ensure a sure footing going forwards? I would actually like us to drill, go after the Herrera£s and either go big or go home. It would put a lot of people out of their misery and allow them to move on if we did go bump. I know this is not for everyone but I would be quite happy to see an aggressive drilling plan and see us at either 1p or gone.

KRO
Surely
Posts: 614
Off Topic
Opinion:No Opinion
Price:0.225
RE: WTI
Fri 11:56
Rexco "Hopefully the Indonesian investment will reap rewards fairly quickly and become profitable"

I very much doubt that, in fact these little brown field sites are unlikely to ever be very profitable imho.
Predators
Posts: 734
Off Topic
Opinion:No Opinion
Price:0.225
View Thread (2)
Re
Fri 11:05
Pedro ....I think if the bod show integrity and that they are trying to get shareholders out of this mess it will go along way to improving sentiment which is a key factor .........gl
Celticheart
Posts: 13,937
Observation
Opinion:No Opinion
Price:0.225
View Thread (2)
RE: WTI
Fri 10:39
I think your point about the producing fields applies to the shallow wells but our recent result in the deeper Gros Morne sands indicates that we should continue to target the deeper plays, including the long awaited Herreras.




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