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Range Resources Ltd Share Chat (RRL)



Share Price: 1.29Bid: 1.26Ask: 1.30Change: -0.045 (-3.37%)Faller - Range Res.
Spread: 0.04Spread as %: 3.17%Open: 1.36High: 1.36Low: 1.26Yesterday’s Close: 1.335


Share Discussion for Range Res. (RRL)


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AndytheMKDon
Posts: 7,813
Off Topic
Opinion:No Opinion
Price:1.53
Delays in drill results..
15 Aug '14
Now why would Citation Resources results of drilling have all the resemblance of say MD248.. Landau's MO all over this one.

That famous old address:

Citation Resources
Ground Floor
1 Havelock Street
West Perth WA 6005

OKAP Ventures
Ground Floor
1 Havelock Street
West Perth WA 6005
 
lewisycymoedd
Posts: 1,327
Off Topic
Opinion:No Opinion
Price:1.53
View Thread (3)
RE: ASX
15 Aug '14
Many thanks for that CH. Seems like another gentle blue day without any news to push us forward.

I love a comment on another board (will not dignify it more) that RSR will be embarrassed because "angry and disturbed of Orpington" has written. It concludes that RSR does not understand how AIM works when little/no news is regularly given.

Obviously, what Angry means is that AIM BOD's who achieve anything and achieve steady share growth give out as few RNS as possible and get on with the job. Several months ago, I said that these "Angries of Orpington" should put up or shut up. Either:
1. Buy more than 18% of shares and make a determined effort to take over Range and run it. They have great knowledge and technical expertise, by their own admission, can all man the rigs, and clearly have a bob or two. Or:
2. Shut up.
Celticheart
Posts: 5,491
Observation
Opinion:No Opinion
Price:1.53
CTR Atzam 5 RNS out
15 Aug '14
RNS out on Citation, looks like C18 isn't producing enough oil to be commercial, looking at Acid wash of that zone but if that doesn't stimulate sufficient flow rates will most likely move to testing C17 which is the producing reservoir on Atzam 4 Not sure why they didn't go straight for the proven C17, maybe they thought there would be more oil in C18.

http://search.asx.com.au/s/search.html?query=ctr&collection=asx-meta&profile=web
Celticheart
Posts: 5,491
Observation
Opinion:Strong Buy
Price:1.53
View Thread (3)
RE: ASX
15 Aug '14
RRS Probably suspended while they appoint a replacement non-exec director as it is a requirement on ASX

Incidentally RNS out on Citation, looks like they will now move testing to zone C18 isn't producing enough oil to be commercial, looking at Acid wash of that zone but if that doesn't stimulate sufficient flow rates will most likely move to C17 which is the producing reservoir on Atzam 4 http://search.asx.com.au/s/search.html?query=ctr&collection=asx-meta&profile=web
lewisycymoedd
Posts: 1,327
Off Topic
Opinion:No Opinion
Price:1.53
View Thread (3)
ASX
15 Aug '14
Just noticed no price movement, no shares traded by 4pm.
Mickdee
Posts: 1,615
Off Topic
Opinion:No Opinion
Price:1.53
Rexco
14 Aug '14
I agree with your thinking on the bopd. The 30% increase in the June Petrotrin figures must be at least partly if not entirely down to Range. If we get an update RNS next week it could be pretty near the 1000 mark and if we don't get it next week then I think RSR might be delaying it for a week or two simply to reach the 1000bopd mark and an impact announcement
RichTheNewbie
Posts: 9,843
Off Topic
Opinion:No Opinion
Price:1.53
Typo
14 Aug '14
time free = time now free
RichTheNewbie
Posts: 9,843
Observation
Opinion:No Opinion
Price:1.50
View Thread (2)
RE: Assets on the block
14 Aug '14
Personally I don't particularly think you can read that far into it. Imo, it was just a reflection of having to spend time on an unneccesary distraction, leaving more of his time free for Trin related matters (regardless of Tex/Geo).
Rexco
Posts: 2,566
Observation
Opinion:Strong Buy
Price:1.50
View Thread (2)
Assets on the block
14 Aug '14
Rory has a target of selling these by the end of the year but after reading his IOP RNA it may well be before that.

He said that getting the IOP settlement signed enables him to concentrate on Trinidad.

If that is true it would mean that the sale of Texas is in the pipeline. Georgia on the other hand seems to be out of his hands if Strait Oil are dealing with it.

Wonder which one will be sold first?
Rexco
Posts: 2,566
Observation
Opinion:Strong Buy
Price:1.50
Trindad production
14 Aug '14
Everything is pointing to a production rate of 700 to 800 BOPD currently with 1,000BOPD achievable by the end of Q3 2014 or shortly thereafter.

Extrapolating that to the year end we should be seeing 1,250BOPD plus.

Just hope I am right. (;o)



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