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Just for clarity people are talking about Q1 But I believe it's Q1 for the year AND Q3 for the company. Here's hopping that we can put that 1000 bopd to bed!!!!!
When I need advice on what to post I will let you know workover. Instead of just attacking me with blanket statements such as "You are the worst chartest I have ever come across in 20 years" how about posting your own counter analysis, maybe then I will take you seriously. Until then I am simply not interested.
The third quarter windy reason being an extra 200bopd, and this bod is not letting the grass grow under their feet more drills this year and 1500bopd. Is quite feasible they don't seem to go for pie in the sky projects. Such as PL was found of gla.
Agnetha , it is you . It was your answers 4, and 5 which puts it beyond any doubt. Admin can spot a multi-id at a 100 yards, so I would try not to be quite so obvious if you want to last longer than a week. Good luck. Look forward to your insight into RRL
Celtic I beg you please don’t write another “I told you so” charting post ... every time you do that , the price tanks! Not only does your sanctimonious post aggravate the trolls but it adds no value as You are the worst chartest I have ever come across (in nearly 20 years of investing)! Before you accuse me of not owning any shares....I am a holder of millions of RRL magic beans (much more than yourself proclaimed amount) ... not that holding shares is a prerequisite for an opinion!
1500 bpd ? what happened to 1000 bpd first. Remember our bet Athena, end of May for 1000 bpd u said.
Fear, not rainbow we are on track towards1500bopd
“The mid price is below .225 so getting ahead of yourself again...” My coment was that the current support level is 0.2 so explain why the above challenges that, if you can of course.
Incidentally the next levels of resistance are 0.25 / 0.274 and 0.3 watching our progress with interest :)
"Do you genuinely believe that these small sells/buys actually influence the prices?" First of all Athena, welcome back, how long are you planning to stick around this time, a week, 10 days maybe. Do i believe they influence prices, no, but Bickers and the ramper do, so its all in the interests of balance.
I get a lot of stick for my charts and TA but consider this, a while back I said we were seriously testing strong resistance @ 0.2. It seems we have now not only set that as our new support level but are testing 0.226, another historical line of resistance and support. Regardless of your views on TA it is clear we are starting to move north, step by step. Apologies to those that see this as a ramp, it is not just TA analysis. [IMG]http://i64.tinypic.com/25k28wh.jpg[/IMG]
3,000,000 what 6 Grand. Probably just a Bed and Isa. Sells coming in at .20
Not so long ago TRIN looked like it was going under which just proves how things can change in a relatively short space of time. Range is finally heading in the right direction, slowly I grant you but the momentum on water flood is building as is our focus on deeper drills and developing RRDSL as a business in its own right. As it happens TRIN is one of RRDSL's clients along with CERP, SHELL with others including Petrotrin looking good for the future.
Difficult to believe Peeps are actually still invested here. Absolute bottom draw, far far better investments out there. IMHO If you insist on Trinidad TRIN and TXP are light years ahead. Aimho
Surely, as per usual you seem very short sighted. This is to meet the minimum work requirements when the doubling of Range's stake will occur and I suspect a ramp up of work and then BOPD. Once the minimum work requirements are met, then it will be 92 BOPD plus the increase percentage of any additional work. Genuine question, do you understand how businesses grow or do you think that Range only wants 46 barrels for the multi-million dollar expenditure... FRO
The Q&A says they are recruiting 16 people and starting 2 offices. This is required for 46 bbls-d (potential) in a non material asset. Great to see that razor sharp focus on costs.
Good point bickers, why would we do more than the minimum work required while we are on 23%, we need to comply with our agreement then drive Indonesia forward once we have 42% stake in the development. The RNS was an ASX compliance nothing more and nothing less.
Time is all we have !!!!
Just a clarification RNS I guess as the previous announcement only showed Gross figures for Indonesia, as it says not significant at the moment, the main focus for now is Trinidad. Indonesia will grow in importance but it will take time.
Looks like that RNS went down well, hip hip hooray for RRL, another master class in RNS writing
RNS Number : 0122K Range Resources Limited 06 April 2018 THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. INDONESIA UPDATE Range refers to the announcement titled "Indonesia Operational Update" published on 22 March 2018. Range confirms that the reported forecast production figure of 200 bopd (gross) has been extrapolated from the Company's 1P reserve estimates of 279,055 barrels (gross). Based on Range's initial 23% indirect interest in the Indonesia project, the net forecast production to Range is estimated at 46 bopd and net 1P reserves of 64,183 barrels. Range does not consider its interest in the Perlak field in Indonesia to be a material oil and gas project for the purposes of the ASX Listing Rules in light of the significance of its oil and gas assets in Trinidad.
1974 bickers January was 777 i am hoping for more than 10% increase but would be happy with that the increase the water injection will enhance the flow bopd however I think next quarter will see a much bigger jump in flow rates but either way More than happy to hold as you quite rightly say the sp needs to catch up
It's a miracle we're still trading, I had written this off ages ago. I'll take that as a positive then.
Steevey, if you mean the antics and deceit... my cold dead corpse. BUT if you mean the SP... a miracle. KRO
Things are certainly improving. What would it take to take this back to Landau days.