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Range Resources Ltd Share Chat (RRL)



Share Price: 0.4755Bid: 0.441Ask: 0.51Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.069Spread as %: 15.65%Open: 0.44High: 0.4755Low: 0.44Yesterday’s Close: 0.4755


Share Discussion for Range Resources Ltd


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Rexco
Posts: 2,975
Research
Opinion:Buy
Price:0.4755
Expired Options
Tue 17:08
7,058,824 share options, exercise price £0.17, expiry date 30th April 2016
146,533,850 share options, exercise price £0.04, expiry date 30th April 2016
 
bountyman
Posts: 1,413
Off Topic
Opinion:No Opinion
Price:0.441
Options
Tue 15:38
Did we not just have a boatload of options just expire. Surprised this has not been officially announced given the massive number of them.

Wonder if the MD250 test results are due this week and will be rolled up into 1 RNS.

The longer the test results take, the more nervous I get.

For me, the critical decision is that they will drill 1 or 2 other wells from the platform. If not I can see the SP dropping quite a bit from here.

KRO
Bounty
OMADAWN
Posts: 1,524
Answer
Opinion:Strong Sell
Price:0.46
RE: focus on Range Resources
Mon 22:18
You don,t offset interest free credit with an interest bearing loan.

Land ocean had to buy RRDSL to gain the right to drill on the island and become the sole supplier to RRL. That is why they paid so much for a pile of scrap, inc rig 8. They are just spinning rig 8 out hoping we will forget about it. hence the dropping of the q&a as the true business model gets exposed.

The fact that you don,t see it is not my problem or pocket
Rexco
Posts: 2,975
Off Topic
Opinion:No Opinion
Price:0.46
RE: focus on Range Resources
Mon 20:25
Pete,

I just wonder where Oma got his degrees in Accountancy and Business Management. Reading his comments below I cannot believe he has a degree in either and his English has too many mistakes to reflect a good education. In fact I would hazard a guess that he is very much like Peter Landau in the BS department.
Dodger777
Posts: 1,030
Observation
Opinion:No Opinion
Price:0.46
RE: Punt land?
Sun 21:01
Puntland was nothing more than a Landau scam.
rob295
Posts: 1,962
Off Topic
Opinion:No Opinion
Price:0.46
tradeemup
Sun 13:02
If you google Range and Somalia, I think we're still classified as a water exploration company and a relatively good one at that if it wasn't for the very moderate oil traces that apparently existed.
rob295
Posts: 1,962
Off Topic
Opinion:No Opinion
Price:0.46
tradeemup
Sun 13:00
Puntland is over and I still get a nervous twitch when I hear the word. Georgia is essentially dead and they are still trying to sell it on the cheap. Texas was sold on the cheap.

However, if you remember that Waterflood exploration and those thousands of T&T barrels Landau promised... we'll now actually drilling some wells which is nice (see the media pics on ranges site).

Waterflood is around 6 months. We're coming up to 6 months on Morne Diablo waterflood. Average production target is 200bopd.

Beach Marcelle South East looks set to begin soon given pics on Ranges site and is set to start this quarter and come in Q4. Average production target is 1,600bopd.

Figures are from: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RRL/12706563.html

I don't know if waterflood flows decline over time, or whether they will increase over time, so no idea if initially flows will be higher or lower but drilling costs are projected at $24/bbl if all waterflooding goes well.

Extra exploration isn't particularly expected. Should hear this summer about that first waterflood project.

Please just don't ask about any Somailan runways or about Russian oil (IOP). Best to not even go there.
tradeemup
Posts: 26
Off Topic
Opinion:No Opinion
Price:0.46
Punt land?
Sun 11:10
Been away for a long time and just wondered if anyone could let me know if punt land is still in the mix for 2016 or off the cards with fraud landaus departure. Sorry for my ignorance but I was stung here and sold for a massive loss a few years back. Still glad I sold as at current prices I would need a 100 bagger😜
Celticheart
Posts: 9,429
Observation
Opinion:No Opinion
Price:0.46
Typo
Sun 10:46
That was geo-political (auto-correct)
Celticheart
Posts: 9,429
Observation
Opinion:No Opinion
Price:0.46
Speculation on the POO
Sun 10:44
The truth is nobody knows which way the price of oil will move, there are so many fro-political factors at play that any one often changing could have a huge impact on the POO.

The proxy wars between Saudi and Iran, Instabiliyy in Libya, Iraq, Yemen and Egypt, the growing threat by Isis to oil fields and pipelines and the continued growth in demand from China and India are just a few factors to consider.




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