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ASCENT RESOURCES: Gas flows mean cash flows to develop up to 15 wells


Range Resources Share Chat (RRL)


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fracking
Posts: 55
Off Topic
Opinion:No Opinion
Price:0.3705
RE: Quiet time...
21 Dec '16
not banned, just waiting for the delayed vote on the convertible bond. Do we have to have another independent expert report on a potential acquisition ?
 
Celticheart
Posts: 12,872
Observation
Opinion:No Opinion
Price:0.3705
RE: RE: Celtic
21 Dec '16
I am now back in profit on Aminex but a long way off selling yet, not so long ago it looked as much of a risk as Range, very positive future there though it seems. The current drill about to spud is looking to target 5TCF of gas + considerable condensates as well as it is targeting the same find (although a much thicker band) as the currently successful 1.5TCF / 300BOPE condensate find.
bountyman
Posts: 1,722
Off Topic
Opinion:No Opinion
Price:0.3705
RE: Celtic
21 Dec '16
Hi Celtic,

It did indeed. All of the 4 companies RRL, SOLO, TRIN & Aminex were portrayed in a positive light which can only be a good thing (good PR is good PR) for shareholders. Only flagged it up incase you missed it.

Let’s hope next year we can all hold your positive outlooks with SP’s of many multiples of where we are today!

KRO

Bounty
Celticheart
Posts: 12,872
Observation
Opinion:No Opinion
Price:0.33
RE: Celtic
21 Dec '16
Thanks, I saw it, if that was the Vox podcast, featured SOLO and Aminex in fact?
bountyman
Posts: 1,722
Off Topic
Opinion:No Opinion
Price:0.33
RE: Celtic
21 Dec '16
Oh Celtic, the post on iii with Malcy commenting on Range, it also comments on your share Aminex FYI.

KRO
bountyman
Posts: 1,722
Off Topic
Opinion:No Opinion
Price:0.33
Celtic
21 Dec '16
Merry Christmas and a happy and hopefully prosperous new year.

I think the POO will have a long term effect as to the SP but at todays levels of production the impact to revenues is minimal, but it is nice to see the long term picture looking positive and maybe drilling becoming economical again (potentially).

I think we are in a holding pattern until either a purchase or the waterfloods come on line. One point to note that from the previous slideshows over the waterflood production is not an instant “turn on the taps” as with conventional drilling, I think peak production was in year 2 of the projection coming online. I may be wrong on this but I am reasonably certain.

Here is to 2500 BOPD by the end of next year and a significant mark up to the SP.

I am looking at a top up towards the end of Jan/Feb as I see this as being the last point that we are in this range.

KRO

Bounty.
Celticheart
Posts: 12,872
Observation
Opinion:No Opinion
Price:0.3555
RE: s/p
21 Dec '16
Not posting much at the moment, just watching for test results and continued progress on waterflood. I too have £60 as a near term target for the POO which should have a very positive impact on the O&G sector in general. Wishing everyone a very happy Christmas and a considerably improved 2017.
Axebob
Posts: 1,087
Off Topic
Opinion:Strong Buy
Price:0.3555
RE: s/p
21 Dec '16
Celtic oma where for art thou. . But seriously poo is creeping up my $60 target should be with us by new year looking forward to 2017 CNBC noting lots of investors Pilling into oil stocks. Gla
perryman57
Posts: 5
Off Topic
Opinion:No Opinion
Price:0.3555
s/p
20 Dec '16
anyway while I can get a word in edgewise lol.. can or does anyone think this s/p will ever get back to 3p? .. with in the next 12 months..
perryman57
Posts: 5
Off Topic
Opinion:No Opinion
Price:0.3555
Quiet time...
20 Dec '16
five days of quite! am missing your banter... you've not all been banned? have you.




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