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Range Resources Ltd Share Chat (RRL)



Share Price: 0.655Bid: 0.63Ask: 0.65Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.02Spread as %: 3.17%Open: 0.655High: 0.00Low: 0.00Yesterday’s Close: 0.655


Share Discussion for Range Res. (RRL)


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langyboy
Posts: 163
Off Topic
Opinion:Strong Buy
Price:0.67
View Thread (6)
RE: Malcy's Blog
1 Apr '14
Pretty fair assessment of where we are, RSR has a job to do, we have being awarded the St Mary's block which suggests to me without doubt that a line of credit has been agreed how else could we convince the TT gov to award us the licences instead of Trinity.

Ok Texas looks to have fallen through, no RNA to that effect but we have the asset and the $1m deposit so by no means a disaster.

The key to unlocking the potential of TT is the disposal of Georgia. Hopefully we can have a more straight forward transaction than Texas.

Does it not strike you as odd that we get some pretty high powered Execs on board, why would they join if they hadnt seen the funding being arranged. No brainer that things will be getting much better around here and very soon.

Well should not have long to wait for a TT update SQ looking pretty good so will this be the slow and steady return of some much needed sentiment.
 
AndytheMKDon
Posts: 7,094
Off Topic
Opinion:No Opinion
Price:0.67
Dogof
1 Apr '14
17.5 million barrels.
DOGOF
Posts: 1,906
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.67
anyone know what
1 Apr '14
17.5 million barrels of oil equates to?
bountyhunter007
Posts: 554
Off Topic
Opinion:No Opinion
Price:0.67
Malcy's blog
1 Apr '14
so nothing interesting.....like many others on this baord he also highlighted dire state of Company, and have categorically stated that its not a buy recommendation......seems long haul from here, and hope is there only for buyers at this level that too not without risk....PL accumulated lots of dung in the form of assets spread across continents.....
Ducksoup
Posts: 9,662
Off Topic
Opinion:No Opinion
Price:0.67
View Thread (6)
RE: Malcy's Blog
1 Apr '14
Dogof you are always going to say this is a buy mate.You are locked in here.
Landauslide
Posts: 187
Off Topic
Opinion:No Opinion
Price:0.67
View Thread (6)
RE: Malcy's Blog
1 Apr '14
That's a lot of loose ends left for RSR to sort out as well as the hard task ahead of getting rid of the dead wood from BOD. Time will tell if he is up to it and more importantly if he has the balls.
vanguard
Posts: 798
Off Topic
Opinion:No Opinion
Price:0.67
The Good News Is
1 Apr '14
He doesn`t say avoid RRL like the plague, some positive comments, and some cutting comments too about the previous management. Weve certainly been well shafted in the past, lets hope we can build from here, the debt burden and the IOP and Texas uncertainty are taking their toll.
DOGOF
Posts: 1,906
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.67
can we go BLUE now.....
1 Apr '14
That leaves Trinidad which is undoubtedly the core of the portfolio, it has 17.5m barrels of proved P1 reserves, is low risk, relatively low cost and is producing around 600 barrels a day of 25-35 API oil. As you know I am a big fan of Trinidad and I feel that with the recent change in approach by the Government the tax environment is improving and that Range has a real opportunity of proving up some very decent exploration prospects. - See more at: http://www.malcysblog.com/2014/04/oil-price-eni-range-resources-thalassa-sundry-and-finally/#sthash.hC0e0ypx.dpuf
DOGOF
Posts: 1,906
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.67
View Thread (6)
RE: Malcy's Blog
1 Apr '14
The main focus is clearly going to be to concentrate on Trinidad which is a ‘world class’ onshore project already providing solid results - See more at: http://www.malcysblog.com/2014/04/oil-price-eni-range-resources-thalassa-sundry-and-finally/#sthash.hC0e0ypx.dpuf
DOGOF
Posts: 1,906
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.67
View Thread (6)
RE: Malcy's Blog
1 Apr '14
very fare assessment - although I would say its a buy as these levels.



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