See you are fending them off with usual panache on LGO board today, BG. Fwiw, I think they will be lucky to get 2000bopd and Range will move out of first gear (to second gear of about six) and motor past 2000 bopd before LGO get a smell of our exhaust pipes. What do you think?
A poster on another board has suggested a merger with another company is being lined up.
I have found that poster to be a bit eccentric but usually in the know. And he travelled many miles to speak to DC in London to find out his game plan just after the miltary coup occurred in Perth.
The fact that he is being attacked and hounded down for his (very possible) theory tells me there may be something behind it. Exciting weeks ahead for all of us. Particularly with all these de-ramping tickers having to start ramping on all boards soon.
I have absolutely no idea, Celtic. The reply to MartinOil was deeply disturbing and not cut and paste - then the cut & paste fiesta continued. Guess Martin touched a real nerve, and got close to the truth of why he (or they) post on this board and have found a way of multi-Id'ing and multi-recommendations. I just though they had lost boodles with Range and were trying to recover some self-esteem.
Look at share price data above. It was same sort of thing last night. Are you manipulating data, or are we really sp 0.655, bid .57 ask .57p and 14.91% up since Friday cop?
I wasn't on here much yesterday, too nice a day and too much sunshine to waste reading page after page of recycled (and largely irrelevant to Range) world news. What was that about ? ...and some say I am an obsessive poster :)
What was even stranger was that all of those posts were ticked up by 2 or 3 "people", very odd behaviour.
"Analysts were forecasting a very tiny profit for 2016, though the further deterioration in the oil price casts surely doubt on that for now -- but on the other hand, there's little point in trying to work out a 2016 valuation based on today's oil price. And with its recent funding package in place, Range looks safe enough for now, though certainly not an investment without risk."
My comment would be that Range itself is also currently planning to make a profit in the current year, and that profit can only grow if we see some really impressive production increases throughout Trinidad. LO and Sibo seem content to delay pay-back - but in 12 months time will rightly be wanting a good slice of any cake.
Very difficult to put anything but a positive spin on Range's prospects in next couple of years. Price of oil is obviously a problem for all oilers, but less so for Range than almost any other oiler. Basically because we don't currently produce much oil.
We are going to be producing 2000bopd v soon after Jan 2016 and if forecasts of $60 oil by end of 2015 prove to be right, that oil will be very profitable. After all, we are making an operational profit currently at $45 a barrel.
Share price will undoubtedly multi-bag in next few months and that will get us all in a better frame of mind and enthusiastic. I don't agree that sp will rise only if we get loads of extra bopd, but 3x bopd within next 12 months and a better oil price should at least get us over 2p. And this time it will be a solid 2p+ from which we can really start motoring towards an AIM-less future as planned by BOD.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.