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Range Resources Ltd Share Chat (RRL)

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Share Price: 0.255Bid: 0.22Ask: 0.29Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.07Spread as %: 31.82%Open: 0.255High: 0.255Low: 0.255Yesterday’s Close: 0.255


Share Discussion for Range Resources Ltd


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Celticheart
Posts: 9,101
Observation
Opinion:No Opinion
Price:0.255
RE: SP closing price
Fri 17:54
 
Mickdee
Posts: 2,187
Off Topic
Opinion:No Opinion
Price:0.255
View Thread (2)
SP closing price
Fri 17:44
Great end to the week at .26
Rexco
Posts: 2,859
Off Topic
Opinion:No Opinion
Price:0.235
RE: Rexco
Fri 16:03
Could be but looking at the name and the posts I would say that the second part of the name SUK's.
Celticheart
Posts: 9,101
Observation
Opinion:No Opinion
Price:0.235
View Thread (2)
Rexco
Fri 13:33
I meant commercial waterflood, not the pilot scheme of course because until we completed that trial exercise and as a result got the relevant permits we had not in truth commenced waterflood. I was just addressing MissUK's earlier post. Interesting choice of name, could it be someone who misses living in the UK perhaps?
Rexco
Posts: 2,859
Research
Opinion:Buy
Price:0.235
View Thread (3)
RE: MissUK
Fri 13:16
The water flood started long before December Celtic although it was only a pilot scheme.

The last presentation ( http://www.rangeresources.co.uk/framework/documents/displaydocument.asp?doc=1400 ) shows that oil production started in August 2015.
OMADAWN
Posts: 1,444
Off Topic
Opinion:No Opinion
Price:0.235
RE: MissUK
Fri 11:36
When they say half the cost of development wells. It depends entirely on the accounting method you use...they have used the “keep them in the dark method”. the question was avoided last time because I asked what the lifting costs are, which is the true marginal cost and far more revealing.

The reluctance to state the cost base, which other operators have done, say a lot.

CH how do you think they have allocated overheads ?
Mickdee
Posts: 2,187
Off Topic
Opinion:No Opinion
Price:0.235
View Thread (3)
RE: If OPEC do finally cut
Fri 11:33
Miss UK
I answered your question last night and some idiot took it as my summary of the Q&A.
It does you no credit that you make statements without researching the facts beforehand.
1. They haven't started waterflood yet - Oh yes they have
2 Then we have wf is secondary recovery? You don't know???
3 Not knowing about secondary recovery you then tell us it is expensive when the Q&A tells us it is half the cost of conventional recovery!
4. The bbls/d achieved will never be that great. Well, the company expect a daily rate in excess of 2000 bopd as the process has been proved to be very effective.

For the failed traders information this is still not a summary of the Q&A but an answer to another question.
Celticheart
Posts: 9,101
Observation
Opinion:No Opinion
Price:0.235
View Thread (3)
MissUK
Fri 10:50
Actually that is not correct waterflood started in December, and it is actually half the cost of development wells:

4. How do the costs compare between normal oil drilling and waterflood?
Total cost for waterflood / barrel basis is approximately half the cost of development wells. Waterflood is
key to Range’s operations and to longer term production growth for the Company.
MissUK
Posts: 112
Off Topic
Opinion:No Opinion
Price:0.235
RE: If OPEC do finally cut
Fri 10:38
'pushing ahead with waterflooding is progress.'

They haven't even started waterflood yet. And wf is really secondary recovery. It's expensive and won't make anyone rich in this type of asset. The bbls/d achieved will never be that great. At best pay the bills, won't be anything left over for shareholders.
Celticheart
Posts: 9,101
Observation
Opinion:No Opinion
Price:0.235
$600 million Oil short closing
Fri 09:29
Interesting article posted by Fortuous over on iii, well worth reading;

http://www.reuters.com/article/us-oil-futures-etf-idUSKCN0VD0D7




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