Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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No need the position is unchanged, forget a couple of cheap shot DMA sales. The sp is still showing as 0.2 ignore sites that show the las trade as being the so it isn’t
come on Celtic, waiting for you to quote another resistance point. Third time lucky and all that.
But then the revenue is going up and so is the flow rate, so it’s about being patient I can wait for we will See 2000 barrels per day soon.
Fact - Its not on the up.
That Rrl is on the up and the increase in the oil price is around 62.40 dollars a barrel and that's wtl price today. Just one drill cones in and its a flow rate of 20000 barrels of oil a day, you won't hear a word from the negative heads.
Bored watching dragons den. So I did some fag packet calcs to get your views and expert opinions. .777bopd x $62 =$ 48,174 per day x 360 days =$17,622,360 per year turn over now I like that..if the cost of producing to market not sure. If say it was $40 giving 22 profit per barrel gives a yearly profit of $6,153840
Did I read that right? Is the new COO looby loo?
Another flat close but we are holding the sp @ 0.2 this is now our resistance but for the second day running we have tested 0.224, that I believe will become our next support level. [IMG]http://i64.tinypic.com/30vbq4y.jpg[/IMG] The data below is from the London Stock Exchange, today: Price (GBX) 0.20 +0.00% ( 0.00) High 0.20 Low 0.20 Volume 11,059,797 Last close 0.20 on 22-Feb-2018 Bid 0.15 Offer 0.25
Malcy clearly just copied and pasted the RNS due most likely to the fact that he was travelling. The most important thing he said is that he is visiting Trinidad soon. It will be interesting I guess to get his view after that.
Malcy is an "expert"... no doubt he is probably wealthy but that post is an ipad copy of the RNS... maybe I will find time to write a blog tomorrow. KRO
Alsugar, I'm not here to boast or get kudos, it was a discussion point around Range and kind of to show I am legit and practicing what I preach. Rainbow, surely is trying to troll me and if he wants to troll a genuine (hopefully) balanced poster, it shows what cancers some chat boards have. KRO
I am not here for your amusement I am here to post information and research on Range Resources
Celticheart your amusing posting malcys blog forever and ever
You done well with that trade bounty, if your looking for a pat on the back you can have one from me, well done an A+ trade.
Range Resources Blogs at the moment by iPad as I am travelling but whilst on the move I noticed with interest an operational update on Trinidad operations from Range Resources. The most striking is the average net oil production for January of 777 b/d which is up 23% up on the last quarter of 2017. But this is likely to be just the start as the work programme for 2018 is very extensive. This will include integration of the oilfield business and securing third party contracts and completing work to increase the water injection rate at the SE waterflood project to a rate of at least 1,500 barrels of water a day. In addition the company intends to drill a minimum of two new development wells at the Beach Marcelle and Morne Diablo fields and up to 30 heavy workovers whilst obtaining approvals for the next waterflood projects. It is Range’s intention to achieve continued production growth ‘mainly through the waterflood programme which accounts for the majority of our reserves’. In addition the two waterflood projects brought on to date make Range see significant potential in expanding the programme to other areas of their fields. It is also worth noting that the company has appointed Lubing Liu as COO and country General Manager as he has extensive international experience in Waterflood projects and shows the determination of the senior management to address the key areas for longer term. Finally it must not be forgotten that with the acquisition of RRDSL last year the intention is to focus on securing third party work in order to bring in additional revenues. So far in addition to doing in-house work, RRDSL is currently providing oilfield services to one other operator in Trinidad which it hopes to expand. I am visiting Trinidad shortly and hope to visit all the assets and meet with all the key local management so will report back in a couple of weeks but they do seem to be getting to grips with the situation so patient investors may eventually be rewarded.
calm down dear
Appears the previous thread was taken down but to summarise, I told people about my purchase going through. The previous trade to my post advising of the purchase was a sale for around 8k worth of shares at 0.1625 � how on earth could I be seen has hindsight trading. It�s hardly that I am pretending to be Johnny Big Balls after the SP spike, and I have even had the openness to fully disclose my intended position as this position was put on each day and advised after each day that it failed to be filled. The spread as it stands hardly puts me in a position of making massive profit and my average is much higher than the current SP. Perhaps I should say I bought 4m at 0.15 the other day and sold them all at 0.2 yesterday� oh wait, I am holding 3.3m and have an order to be filled for a further 655k outstanding. You have just proved, if proof was ever needed that you are a keyboard warrior just here to try and troll people. Even Rainbow (who some people have huge issues with) tends to agree that I try and be a balanced poster. I wonder how much money you have lost on Range over the years? KRO
Since they are also looking for income from RRDSL we can no longer just look at oil production and sales to assess profitability.
How many bopd does the company need, at current or slighty higher oil prices to create a net profit? I realise this may be a best guess or heavily estimated but someone probably has an idea. 1000 bopd is bandied about, does this get us nearer or over the line of profitability? Looking for a genuine (albiet best guess answer), any figures to support would be interesting to the majority I'd imagine.
bounty, to be fair, you denied for days that your order had filled, then suddenly you discovered it filled but only after the price went up. Talk about Agenda's to someone else.
Well done Surely, take one tongue in cheek comment as a position in a reasonably balanced post to suit whatever your agenda is. As is goes, I did a dummy sell for my 500k shares I bought and was offered a price above my purchase price so as far as I am concerned I am in profit. Not that I intend to sell at these levels. Go and kindly troll someone else as your tripe is wasted on me. Regards
Current position according to the London stock exchange, current sp is 0.2: Price (GBX) 0.20 +0.00% ( 0.00) High 0.20 Low 0.20 Volume 1,681,150 Last close 0.20 on 21-Feb-2018 Bid 0.15 Offer 0.25 http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/AU000000RRS3GBGBXASQ1.html?lang=en
"my buy at 0.17is in profit � how many posters have a profit on Range as it stands" Bid is going through at 0.1665, so a buy at 0.17 is unfortunately not currently in profit
Hi Bountyman, I know you don't get personal and I respect that. The only thing I use charts for is to gauge market sentiment which is what they do best IMHO I would certainly not use them as a definitive guide to where we are going but I do feel that sentiment is slowly tuning more positive. As for RRDSL they have stated that they are currently working for one other oil producer on TT but that does not say that the other two are no longer clients just not currently active. I have a lot of clients on my books who I am not currently doing any work for but I still regard them as clients as they do me a supplier.
Celtic, the most recent RNS confirms that they are working for Range and one other client on T&T so I don�t see how we can still be working for TRIN, CERP and PETROTRIN. We all know how out of date websites can get, I try to accept the RNS as the present position. As for your chart skills, I will try not to be personal but they have hardly predicted the position today or you would be significantly richer than you are presently. We need to focus on the volume of trades and the RNS� yesterday simply didn�t inspire the market and stating that the market is waiting to absorb the news is rubbish IMO. Rainbow, there is little point in blowing the trumpet as through this was a gamechanger in terms of where Range is. I am �happy� to wait this out and see if the volume of heavy workovers get us over the fabled 1000BOPD. There are some clearly positive snippets, some negative ones (the depletion is one you rightly highlight) and some that simply don�t have enough information to allow you to make an informed decision over whether Range is going to be in a strong position come the end of the year. I would be very happy if the workovers along with the 2 (4?) development wells get us to 1000+ BOPD by year end with decent cash reserves and RRSDL are bringing in cash from multiple sources to support their existence and add to Ranges position. If I was to give advice to anyone it would be HOLD unless you are happy with a sizeable level of risk, have available funds and like the potential of a multibagger. I have still got a buy order going for 0.18p, if I get this, excellent. If not, then the SP must be drifting more towards my average. The quarterly update will be quite telling I would think, the last quarterlies put us on warning of significant cash burn but Eva has confirmed this was associated with relisting. Mixed bag as ever, but my buy at 0.17is in profit � how many posters have a profit on Range as it stands, ha ha KRO