Range Resources As has been mentioned here a few times recently Range appears to be getting its act together, today the company announce that the Beach Marcelle waterflood project has commenced with the start of two injectors. First oil is expected 1Q 2017 and will average 1,600 b/d over its 8 year timescale, plateauing at 2/- b/d. Over at the Morne Diablo project waterflood is ongoing and the long term increase in production over the two projects will be material and the economics are significantly improved by $50 oil. - See more at: http://www.malcysblog.com/2016/05/oil-price-range-resources-victoria-oil-gas-amerisur-resources-finally/#sthash.89m7NBhl.dpuf
Hi mate, sorry to hear that you had to sell an asset. Nothing changes for me, but it could have done for the same reason as you... PL. As you know, he's been up before the Beak and had his assets frozen pending the case for alleged Fraud or whatever it is. You can read about him online. I said from the start he was a bad egg.
I am still try to keep my business afloat but have no real assets apart from my House. I am now going to sell an Antique watch, c1920s ish, 40+ diamonds all around the outer casing, plus I have my coin collection to sell, some Roman some Silver/Victorian. I need to get my other car fixed for July so sadly, they need to go to pay for it. Overall, business in general isn't that good as 'nobody' has any money and I can feel a recession coming on later.
See what happens on the 23rd, but it's unlikely we will be 'Out'...too much Brain Washing and many will vote with 'Better the Devil you know' and 'Remain' (under the unelected 'Corrupt' Dictatorship).
I have been here for (lost count now) but this must be my 8th or 9th year and down by about 99% which is several thousand pounds. Lots to me, Peanuts to others. My business would last ages on that amount being the careful person I am with money, my boy :)
I have a relatively short while to go before I can draw my State Pension but will have to carry on working and doing something. I can pay my mortgage and live on State & Private Pension...but only just. It mean no Holidays or a cheap week in a Tent which I enjoy. Heinz will do well out of me, that's a lot of tins of beans which 'does exactly what it doesn't say on the tin!'
Can't ever see Range of being much cop. What was your buying price or daren't you say? Bet I can beat it!
I said I stay here until I realized a profit, unless you have bought in at less than a couple of pence or so, the chances are that Investor's who are under 30, mat stand chance of getting a profit rather than my whacking double figure buy price :(((
Indeed Volley, think we had c. 1 billion share in circulation when we were at 24p as opposed to around 7 billion at the moment so 3p is the new 24p it would seem. That was with all of the hype surrounding Georgia and Puntland.
I hold around 2m at the moment at an average of 0.5p, have been in and out of the shares over the time I have been holding, even shorted it at one point around the Puntland oil to water fiasco.
Firmly see a positive future. I am hoping that the news is loaded for the most impact (though how many times has this been said). I hope that MD250 (all three drills) are finished around October time, same time as the waterflood starting to up lift the BOPD.
Also we still plan to drill 4 other wells this year which, again, are designed to be high impact wells.
Hope you don’t miss out on any sizeable jump as we know when Range moves it can move fast.
My target of c. 2p still remains, however, I feel this my be more towards this time next year rather than the end of 2016 as I would have hoped.
Yes I have been here since I was a whippersnapper. LOL. Just wondering because I have corporation tax to pay at end of June so may have to sell my holding and then build it up again. But it looks as if I will have time to do that. I hold over a million here currently.
Yes I am looking forward to 2017 but this company will never reach the previous heady heights with so many shares in circulation now.
LTH here. Have been checking back but can't find a timescale for announcement on MD251 etc. Anyone got any ideas when the results may be revealed. Good news about the water flood commencement. I have been waiting a long time at a huge loss for some progress.
I had to sell my office (which was my pension) to keep my business afloat because of that ratbag Landau. I had been hoping to get out a long time ago and be comfortable. Now I have to keep working. I always knew AIM was a risk but I didn't take into account that Landau was not what he appeared to be.
Happy days ,, haven't posted here for ages but from what I have been reading it appears that range are proceeding to be a very positive outfit,, at one point when trading was stopped,, I did think I would never see my dosh ever again but hey ho it looks pretty promising to me at the moment,, can we look forward to a very exciting 2016,,??
We now have waterflood underway in Beach Marcelle as well as Morne Diablo with additional water supplies being negotiated with Petrotrin. The average production over the 8-year period is expected to be approximately 1,600 bopd, with production estimated over the plateau period of three years of 2,000 bopd. Sounds good to me. Remember too that this is in addition to our drilling program, we still have the very positive results from MD250/MD51-2 and possibly a third well to look forward to as well. Contrary to some opinions there is no way RRDSL would be drilling a second and possibly a third well from the same location if results were not excellent.
Delays in revenue generation for the same capital outlays is always a -ve. Someone will comment that the price of oil will rise, however taxes increase by 18% on all revenue once oil hits $50. Debt interest increases and the fiscal benefits are due to expire.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.