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Ariana forecast 47% rise in Kiziltepe gold production


Range Resources Ltd Share Chat (RRL)



Share Price: 0.225Bid: 0.20Ask: 0.25Change: 0.00 (0.00%)No Movement on Range Resources
Spread: 0.05Spread as %: 25.00%Open: 0.225High: 0.225Low: 0.225Yesterday’s Close: 0.225


Share Discussion for Range Resources Ltd


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Investor_Tester
Posts: 220
Off Topic
Opinion:No Opinion
Price:0.175
RE: Buyout
20 Jan '18
Mmm...dare I day it....but a buyback at these prices from the board would do wonders for sentiment

Recall when PL said they would consider buyback in conjunction with share consolidation....that never happened. .but at these prices it could be great
 
k.j.k
Posts: 2,875
Answer
Opinion:No Opinion
Price:0.175
Staying strong here
20 Jan '18
Rainbow, I think we have already established that we can easily meet current interest payments on our 703 bopd along increased oil price
On net value of just over 20 million in the admin document we were producing 565 bopd also the oil price has improved considerably.
On refinancing the company has already stated that it other financial opinions available.
On 700 bopd probably dropped below WELL if you were talking about Carlsberg you would probably right.:-)
Mickdee
Posts: 2,607
Off Topic
Opinion:No Opinion
Price:0.175
Rainbow
20 Jan '18
Any response to my post at 11.10 today and the one from Wednesday that you keep avoiding re your cash calculation?
Mickdee
Posts: 2,607
Off Topic
Opinion:No Opinion
Price:0.175
RE: Sensible answers
20 Jan '18
Bobo
Remember we have paid back some of the loan :-) and might well payback more of it before due date. Lot of people getting their knickers in a twist about something years away and as pointed out by others it isn't the ability to pay off the loan but to be able to service it - two entirely different scenarios. Trolls like Rainbow will only look at the worst scenario.
Celticheart
Posts: 13,939
Observation
Opinion:No Opinion
Price:0.175
Depletion rates in Lower Gros Morne
20 Jan '18
Yuff (rainbow bottom) stop with the personal attacks and stick to Range please, which is what we are here to discuss.

Again you say "No comment on lgo's terrible depletion rates from the same depths?"

LGO (CERP) have never produced from this depth, the one time they went this deep they lost the drill at a cost of $3.5 Million so how on earth can you cite depletion rates from the Lower Gros Morne sands, even Range have not had time to evaluate them. The high depletion rates are from shallow wells that have been producing for decades, the truth is we do not know what the depletion rates will be from this depth. Ny betting is it will be far slower as these oil bearing sands have not been drilled to the extent the shallows have.
bobo
Posts: 8,262
Off Topic
Opinion:No Opinion
Price:0.175
RE: Sensible answers
20 Jan '18
£a debt that is lower than much touted 80 mil.£

Not sure where you got that from, the $80m is based on company numbers
Celticheart
Posts: 13,939
Observation
Opinion:No Opinion
Price:0.175
The Columbus basin
20 Jan '18
Just taking as break from decorating so did a little research, found this interesting article about The Columbus basin, which is part of the bast Orinoco Delta that is one of the largest oil reserves on the planet. Nice piece on the Gros Morne Sands: https://en.wikipedia.org/wiki/Columbus_Basin
Celticheart
Posts: 13,939
Observation
Opinion:Strong Buy
Price:0.175
This sounds good
20 Jan '18
" ... they don#t give the info as to where the oil bearing sand stopped so could be considerably higher than 4300 which puts it at similar depths to lgo#s results."

That would give us around 800 feet of oil bearing sands, thanks rainbow that is exciting, had to give this a strong Buy :)
Mickdee
Posts: 2,607
Off Topic
Opinion:No Opinion
Price:0.175
RE: Sensible answers
20 Jan '18
Boyo
Range have millions in cash in the bank, possibly enough to cover this years drilling programme - if we are ever told what that programme is.
No money on debt payable for years
Waterflood, slow as it is, gradually pushing up production
No one apart from some idiots expect Range to write a cheque for the debt, a debt that is lower than much touted 80 mil.
I would share your concern if Range had no assets, no licenses to drill and an oil price below $30.
The answers are being sought are impossible to answer as there are too many ifs and buts or maybees.
Mickdee
Posts: 2,607
Off Topic
Opinion:No Opinion
Price:0.175
RE: Sensible answers
20 Jan '18
Boyo
The poser of the questions obviously not the brightest of posters on iiii as no one can answer them. I'll give Q2 a try and say 30th May 2018




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