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Range Resources Ltd Share Chat (RRL)



Share Price: 2.095Bid: 2.06Ask: 2.13Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.07Spread as %: 3.40%Open: 2.00High: 2.12Low: 1.95Yesterday’s Close: 2.095



Share Discussion for Range Res. (RRL)


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SMTMH
Posts: 2,183
Observation
Opinion:No Opinion
Price:2.20
i agree Rexco
9 Jul '14
Free carry with someone with very deep pockets for offshore.
 
Rexco
Posts: 2,469
Off Topic
Opinion:No Opinion
Price:2.20
View Thread (3)
RE: Any coincidence
9 Jul '14
We would always want a company of Shell's quality to farm-in to Puntland offshore. I expect it is a question of not if but when. It maybe better for both parties to come to an agreement now even though drilling is a long way into the future
bobo
Posts: 7,715
Off Topic
Opinion:No Opinion
Price:2.20
View Thread (2)
RE: Puntland 1 Trinidad 7
9 Jul '14
exactly Rex

its chasing rainbows that got us into this mess, time to consolidate our position
bobo
Posts: 7,715
Off Topic
Opinion:No Opinion
Price:2.20
View Thread (3)
RE: Any coincidence
9 Jul '14
depends whether you believe the conspiracy theories.

Would be nice to have a free carry with shell offshore. Would cause a nice jump in the share price, but (again IMO) many many years from a well
Rexco
Posts: 2,469
Off Topic
Opinion:Strong Buy
Price:2.20
View Thread (2)
Puntland 1 Trinidad 7
9 Jul '14
When it comes to acreage we want to be drilling there is no contest.

Trinidad all the way.

In fact personally I find Puntland a distraction although it could be worthwhile in the long term.

At the moment all our energies need to be focused on Trinidad and selling non core assets.
bobo
Posts: 7,715
Off Topic
Opinion:No Opinion
Price:2.20
rich
9 Jul '14
the hold up is the seismics. AOI said they wouldn't drill without better seismic coverage. Getting the equipment into Punty is a major task in itself, then operating over 1000s of sqkm safely is a massive undertaking.
Even if they got some equipment in there early next year they wont have interpretation and drill targets until 2017, just simply wont happen.
SMTMH
Posts: 2,183
Observation
Opinion:No Opinion
Price:2.20
View Thread (3)
Any coincidence
9 Jul '14
Shell guys take over the running of RRL considering our on and off shore assets in Punty?
RichTheNewbie
Posts: 9,670
Observation
Opinion:No Opinion
Price:2.21
bobo
9 Jul '14
Don't get me wrong, I don't want us to start drilling there tomorrow, we can't afford it!
Just let's just say money was no object for a second - I think it would be fair problem impossible for them to be drilling Dharoor again by the end of next year (I don't think it will happen either) - if they wanted.
DoubleDown
Posts: 50
Off Topic
Opinion:No Opinion
Price:2.21
View Thread (7)
RE: Shiney68
9 Jul '14
well done for not eating your keyboard and fingering your salad...
bobo
Posts: 7,715
Off Topic
Opinion:No Opinion
Price:2.25
View Thread (7)
RE: Shiney68
9 Jul '14
it all takes time Rich

weve been sort of told no activity this year, so takes us into 2015. Mobilisation of seismic equipment, carrying out seismics and interpretation will take us into 2017, finding a rig to contract and mobilisation would take us to 2018.

Im not being pessimistic here, seismic and interpretation takes a long time, at least 12 months, there are many examples of it taking longer, including Georgia and Punty for RRL.
Finding a rig again and mobilisation would take months, site prep last time took months.

Being generous, with no problems or security/political issues, I believe this takes us into 2018. Throw in the inevitable delays and that why I think its unlikely this decade.



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