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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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Predators
Posts: 736
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Opinion:No Opinion
Price:0.225
Re
Today 19:04
Good debate today and interesting observations along with good research. ..the range board is a much better place without that moron called bickers
 
mrsmurphysbhoy
Posts: 18
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Opinion:No Opinion
Price:0.225
RE: WTI
Today 15:38
surely
I do have to admit that your debating skills have improved considerably :-)
Surely
Posts: 618
Off Topic
Opinion:No Opinion
Price:0.225
RE: WTI
Today 14:39
I don't recall being "guilty of following Rainbow's track on depletion"

My views on depletion are my own and would have been formed well before Rainbow started posting here.

I do recall Celticheart and the multi id rampers at the time getting very confused between "depletion" and "decline" though. I posted clarity on the topic and contributed to the debate although it again was not appreciated.
mrsmurphysbhoy
Posts: 18
Off Topic
Opinion:No Opinion
Price:0.225
RE: WTI
Today 13:34
Surely
Where do you suggest I start? Know how the other T&T companies are going but no one is as far advanced as Range. You need to point me in a direction that comparisons would be worthwhile. I don't know of many small companies as advanced as Range in waterflood. I've had interest in the past with companies like Rose Petroleum, FRR, Oilex,FAR and BKP in Australia etc but none of them have areas similar to T&T or are into waterflood making any comparisons pointless.
From many of your comments you haven't done much research on waterflood and you were guilty of following Rainbowyuffs track on depletion rates when he knew absolutely nothing about depletion rates in a waterflood system
I'd need to systematically go thro every AIM oiler
Predators
Posts: 736
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: 618
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: 18
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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: 618
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: 18
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.




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