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Range Resources Ltd Share Chat (RRL)



Share Price: 0.335Bid: 0.30Ask: 0.37Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.07Spread as %: 23.33%Open: 0.335High: 0.335Low: 0.335Yesterday’s Close: 0.335


Share Discussion for Range Resources Ltd


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OMADAWN
Posts: 1,602
Off Topic
Opinion:No Opinion
Price:0.3525
RNA
14 Mar '16
Drilling operations have started, accounts due tomorrow showing a healthy balance sheet.

If one "new" rig has been approved the rest should be reasonable quick.

Suspect we'll see my .4p.
 
Rexco
Posts: 2,999
Observation
Opinion:Buy
Price:0.3525
Well MD 51-1 spudded
14 Mar '16
4,000 metre rig has been approved and the well was spudded on 10th March
OMADAWN
Posts: 1,602
Off Topic
Opinion:No Opinion
Price:0.3525
RE: LGO
13 Mar '16
TD, Agree that LGO have water-flood potential.

TD

I rather ruled LGO out because they have withdrawn from the Take Over Code, which narrows the options down. The water flood is attractive and why I think they will get an equity investment because a ROI is more likely with water flood.

TRIN assets would come with no debt attached and leave RRL to optimise the financial structure of an offer.

Touchstone are the most attractive, particularly if post the transfer of TRIN assets and debt service is covered by current oil production.
Celticheart
Posts: 9,690
Observation
Opinion:No Opinion
Price:0.3525
Global oil production
13 Mar '16
Interesting interview, listen towards the end it seems that Iran have been selling oil on the market through Iraq for over a year now and that the world has turned a blind eye to this apparent breech of sanctions so that their ability to increase production significantly beyond that level is "many years away" so the 1 million extra Iranian BOPD that has been haunting the market is just not realistic. It is also being predicted that the US production this year will drop by around 500,000 to 600,000 BOPD too. http://video.cnbc.com/gallery/?video=3000500872
thetrancedude09
Posts: 367
Off Topic
Opinion:No Opinion
Price:0.3525
View Thread (2)
LGO
13 Mar '16
Oma, the waterflood modelling and analysis would fit perfectly for LGO tho, Water-flood being their next phase plan also....
OMADAWN
Posts: 1,602
Off Topic
Opinion:No Opinion
Price:0.3525
RE: Touchstone Costs
12 Mar '16
sorry I meant LO sufficient rig utilisation.
OMADAWN
Posts: 1,602
Off Topic
Opinion:No Opinion
Price:0.3525
RE: Touchstone Costs
12 Mar '16
The offer was just over $20M, but will be adjusted at the time of close, the exact amount will depend on close out terms. Touchstone have published various NPV calculations on the TRIN assets to demonstrate the value that can be derived.

I’m still of the view that the original Core $20M bond was related to the TRIN asset acquisition and suspect that this has still to be played out.

I don’t think LGO is the target as this would not give LGO sufficient Rig utilisation.
Rexco
Posts: 2,999
Off Topic
Opinion:No Opinion
Price:0.3525
RE: Touchstone Costs
12 Mar '16
How much is TRIN costing Touchstone?
OMADAWN
Posts: 1,602
Off Topic
Opinion:No Opinion
Price:0.3525
Touchstone Costs
12 Mar '16
Interesting reserves update from Touchstone which includes lifting costs and the lower costs that are achieved through water-flood. Costs exclude the Trin assets as the reserves report is for 2015. If they close on the TRIN acquisition costs will reduce further.
OilMonster
Posts: 88
Off Topic
Opinion:No Opinion
Price:0.3525
LGO SP
11 Mar '16
Seems to have doubled topped at 0.40p and on its way down.... Perhaps RRL management are considering scooping up some of their assests as part of the recently announced aquisitive strategy.... Anyone here know anything about LGO assets and whether and of them would be good to boost rrl production and its balance sheet?




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