Member Info for bountyman

Phil, it has been a long and arduous journey for Range and I would have given my right leg to walk out of here with profit.

Having sold out to use my money elsewhere does feel like a huge burden lifted off of my shoulders as the debt is something that is looming large.

I will not say that I will not be back in, and whilst there are definitely better investments out there, I would really like to leave Range in profit, I just don’t see it happening in the short term.

I genuinely wish all holders the very best (though I don’t want to see a spike in the coming weeks – ha ha).

Good luck in the future and I will keep an eye out.

KRO.
Bounty.

So long for now,

After a couple of years of holding again, I sold my holding in Range yesterday. That was the 1.5m shares on ASX overnight and the 2.5m ish shares around lunchtime yesterday.

I have lost between 10k and 12k in the last couple of years in holding Range. This probably puts me at a slight deficit in the total time of holding Range as I had made money a bit on the way up to 24p and some also on the way down from 9p then from 1.25p.

My reason for selling at the moment is I don’t see what the board is currently doing in order to increase the SP. I was massively disappointed at the most recent raising of £1m. The thing that annoyed me the most was the point that we repaid £3m (?) back early and it was under the proviso that we could have access to this should we need this, yet the BOD saw fit to water down my holding yet again.

I also have stated publicly that I wanted the company to drill and they whet my appetite with the prospect of an advanced drilling plan but as it stands they STILL have not spud a well of the 2 planned originally and it is SEPTEMBER. I also note that in the most recent updates the level of oil being produced was not advised which pangs of it not being at a level that shareholders want this to be so it is being swept under the carpet.

I held out for a long time as I thought there might/should have been a spike up at some point but there wasn’t, I held some solace that the big shareholders held at 0.88p and felt that they had to be expecting to get some return on their investment but it seems that they are worse off than me.

With every passing week the debt looming large on the horizon gets bigger and I see NOTHING at the moment that the BOD is doing currently to make the debt serviceable and it could very well be that the company is no more by the end of 2019.

I will keep a close eye on Range as I have a huge emotional attachment to it and would love to come out of the other side of this in profit so if I see something change then I may well be back in at some point.

I wish all the LTH the very best. I hope you make a profit and Range comes good, but like my football team it is currently very much a matter of survival.

Celtic, all the best with your holding. I hope the trolls on ADVFN and WS actually have a heart and understand that they have been bullying you for nearly a decade and that is not a nice character trait.

KRO

Bounty

EP - its complete crap and something stinks.

If the coffers are running dry, why did we not recall some of the £3.6m (can't remember exact figure) we repaid early to LO.

it doesn't smell right. ultimately, IF it was needed then we are in a worse position than any holder actually believed. If not it does raise questions as to what was the real goal of the raising, was it to befriend LO, was it to give mates rates to SIBO or Abrahams, or maybe was it to try and screw over SIBO or Abrahams.

The bit I don't like is the fact this reminds me Range of yesteryear and we all know how that panned out!

KRO.

Indi, the drop is 3 times the investment (roughly) and probably overdone. I am not giving advice because as a holder this is bad for me. At this level an investment is either going to make you a tidy packet or wipe you out. The refinancing is the concern in the short term. Quite why we needed dilution when we paid back LO more than this amount is what really sticks. Each to there own and I am p*ssed but lets try and talk like grown ups (or head over to ADVFN). KRO

Guys,

Let's be honest, it looks like it's a case of letting the boys get in on the cheap (be that Abraham or someone else). the profit to be had here is clear - buy at 0.12p and it could easily double up to 0.24p within weeks.

The £88k spent today could easily by £200k within weeks. Wish I had money to buy some up.

KRO

Bounty

Intend to reveiw on the quarterlies. It might not be worth my time to type and email if I have had enough. Bounty

Wonder if there will be a big sell off in the coming weeks. Absolutely gobsmacked when we thought we were been run by a "better" BOD. Looks like us PI's are getting bent over again. Long game, probably take us private and then actually get oil out of the ground. Words fail me. Bounty

Complete f*cking joke. A billion shares at 0.11p... oh well at least the options wernt taken up a few weeks ago. Looks like it good be time to pack up and leave as this looks at the moment to be heading down the swanny. Gonna wait until the quarterlies and see where we are. Its a snake move to raise after the end of the financial year as well. Seriously seriously p*ssed off. Bounty

Yeah, it looks like he was turfed out in a big clean out. It was a shame that it came to that but he could not accept the failings of Range and that's why he gets trolled so hard.

Yeah ADVFN is horrendous, puts into perspective how much LSE admin had to deal with. There are some horrible horrible people trolling him. I am sure he is a nice guy but damn he was infuriating.

Only a few days now until the quarterlies. I see big numbers touted across the boards but we need to realise that at $60 the local taxes take about 66% of the monies. I know we are a little above $60 per barrel BUT it is not straight in the coffers as people seem to think.

Let's hope we get some positive news of either updated drilling plan or something positive from Perlak to give the quarterlies some added impact.

My average of 0.37p seems a long way away at the moment so I feel for people with higher averages. At this rate I will be out on any meaningful spike as the BOD basically said in the Q&A that its going to take time and they won't try and hype it up.

KRO.

Bounty

Looks like the board seems to understand our frustrations and answered a massive number of questions. Very little meat on the bones but I would say that the answers appear honest and lack BS that we were used to. I do feel they could do more to progress this. The more this drifts forwards without significant increase in BOPD the more I am concerned for my investment. KRO

Windy, Celtic has been banned from here and is being trolled hard over on ADVFN which is his last place he can post bar WS. I feel sorry for the guy but he just could not learn and kind of had a ban coming imo. Re the trades. Yes they are all being marked up as buys but anything below 0.18 is more than likely sells as the real spread is around 0.178p to 0.2p which means all trades will be posted as buys as they are above the mid point of the "advertised" spread. The volume is poor. Need to see those quartleries or something like a spud to move things forward. Now real meaningful news in quite some time. KRO

Without being rude... has the SP really changed all that much. These movements are frankly irrelevant. We have been flicking between 0.15 and 0.25 for 6 months. If we dropped below 0.15 I would agree in the same way that I would agree if it goes above 0.25. We are in a holding pattern as we have no news to amend our assessments EXCEPT we know the revenue is going up AND the debt is now due in 16 months give or take. No need to be rude, lets have constructive discussion now the trolls and rampers have migrate to other boards. KRO

Well that’s a big trade – biggest we have had in some time around here. Makes you wonder what is going on. Does someone know some good or bad news?

I remember the days when Range was a leaky ship but that seems to have stopped.

Not sure whether this is a buy or a sell, being marked up as a buy but given the spreads over the recent times it would look more like a sell to me.

Just a waiting game as ever. Hope if it is a sell it’s a decision made rather than a need for money for a problem in life.

Anyhows have a good weekend and let’s hope for some decent news next week.

KRO

Bounty.

I completely get this sentiment regarding the RNS's but I don't think this is going to be a quick fix. Taken into consideration we are not "normal" drilling at the moment (Yes I want more and want the drilling plan) there are not going to be spud, TD, output etc so we are not going to be get "lots" of RNS's.

I hope that the vast quantity of questions (likely the same/similar ones) the BOD appreciate the need to update the general masses. I reserve judgement on this until we see the Q&A - well actually the day after as will be in no fit state with the England game!

The POO *** MUST *** be making drilling economical now - if not Trinidad is likely a bust - so I REALLY want to see a drilling plan given POO is above $70. I fail to see how we could not already have some of the high probability locations to drill already marked out from the numerous years of "data collection".

KRO

Bounty

Postponed until Tuesday due to large numbers of questions. Well done all who raised telling questions... now it is on to Range to see whether they give us proper answers. KRO

I completely understand that view point. We once again seem to find ourselves in a news vacuum which does nothing for the SP. There are plenty of news items that could increase the SP before the release of the quarterlies which I firmly believe will be our best ones that we have seen in quite some time. I would like to see an updated drilling plan for T&T as this was mentioned some time ago and given the “abundance” of data we have this should not really be taking too long. Surely, even if the focus was taken away from outright drilling the BOD and technical experts must have had plans for the most likely locations and depths to be drilled when/if drilling ever starts again in earnest. I would also like an update as to how the minimum work expectation is going over in Perlak. I would hope that the teams out there are trying to get the wells reopened etc and get our 46% (??) increased share in the project. Given where the wells were previously, this appears to be a reasonably straightforward task and should be getting updates in due course. I would also like to find out whether the waterflood in T&T is progressing and whether they have resolved the pump issues. Further to this, what are the company doing with regards to sourcing additional water as this appears to be a major limiting factor with the development. BUT as it stands we know little of this and we are quickly heading towards the AGM in November and without a marked increase in the SP could the big investors roll another BOD. KRO Bounty.

Doesn’t make overly good reading when you pop onto the board to see if anything exciting has happened only to see that the bid has dropped back down to 0.15p. I suspect the majority of trades posted as buys on the trade feeds are actually sells as they are only marginally below what you could sell at before and on a dummy trade I could not buy at this level. They are simply being displayed as buys as they are above the mid point of the ridiculously large spread. This will happen in the absence of news, over 3 weeks since we heard anything of not and still another month until the quarterlies are released. I would remind all holders that the Q&A questions need to be sent in by Friday and the responses should be released on Thurs 28th, likely after AIM hours as has been the trend in the last 3 Q&A releases. I best start typing mine up as I have plenty of questions for the BOD. KRO Bounty. PS PLEASE PLEASE PLEASE ask the company the difficult questions we need to have answers to, the more people that ask the questions the more the company will know that we want to know what is going on with our company.

Robins, i have no idea... but I wonder if its a case like in the pub everyone involved in trouble gets thrown out regardless of whether they were causing trouble or not for the greater good of those people in the pub. Whilst I enjoy his snippets he gathers from people like Malcy etc, I was bored at his constant bullish approach in spite of facts that are to the contrary and his inexplicable manipulation standpoint which was frustrating to hear on repeat esp when challenged it was indefensible. I wish him all the best and how he (and we all) come out of this horrible 10 years with sizeable profit. KRO

Trump, I wish Celtic all the best but whilst he is a genuine holder, trolls follow him around making new burner accounts to troll him. III cleared up no end when he was banned and I just wished he had learnt to be more balanced in his posting and maybe the trolls would have left him alone. I see he is over at WS and ADFVN now. He should keep his accounts on both of them as they dont appear to care over there. I clearly missed the QnA date on the website when I was was looking for them. Just good that we have them. Let's hope plenty of people make the BOD realise we need information. The waterflood is a point of huge concern as it stands.$40m and its producing c. 250 barrels a day, that is simply not good enough and we deserve how the BOD plans to deal with the problems they are facing. I think the biggest issue we have is really the same over the past decade... comms...Landau was pie in the sky, these guys are better but dont seem to understand that the AIM investors need/want correct and detailed information. I guess its just a waiting game as it stands. KRO

Hi Windy, I have very hopeful that there can be a more Range focused posting rather than the sniping which sadly follows Celtic wherever he goes. It looks like I was able to pull some strings with a Q&A being announced not long after I posted, maybe I�m an insider ha ha. Actually it�s likely than I missed the text on the website as it is not the most obviously placed so it was probably there all along and I missed it. I am certainly going to put some questions to them, principally around drilling plans (both T&T and Perlak), licences and also the waterflood. I would really encourage all holders and potential investors to ask the tough questions. Whilst they will probably not post direct answers behind the vail of �price sensitive�, however, it may well apply positive pressure to make the BOD understand that we want clear and concise information regarding our investment and if they want to release the info, they can release it by RNS. (it�s a poor excuse though as the Q&A are generally released by RNS so should not be hidden behind the vail of being price sensitive). Let�s hope we get some more good news but the quarterlies at the latest should be strong which should (as Loadsa posts on WS) show the strongest quarterlies yet and in my memory). KRO Bounty.