Member Info for bountyman

Horrible to think that people lost their lives, hope the casualities make speedy recoveries. KRO

Trinidad operations demonstrated positive operating cashflow from activities during the quarter of US$0.8 million (equivalent to US$12 per barrel of production); Third consecutive quarter of significant growth in production achieved in Trinidad operations Strong cash and liquid assets position of US$9.5 million; The Company will continue its work programme in Trinidad with production target of 800 bopd during the current quarter and 1,000 bopd prior to the end of 2018 (calendar year); Lets hope the later is a conservative estimate so targets are not missed. KRO

Rex, once again you seem very downbeat on Range. If you are expecting to make your money back quickly here I think you are expecting too much. Whilst I agree from a perspective of the fact they could have avoided the drop in production but to be fair we have seen some quite sizeable and SUSTAINED increases in production quarter on quarter. We were before the problems over storage producing nearly 50% more than we werein the not to distant past. I believe that this shows the success potentially took Range almost by surprise. The most recent drill added a large amount of BOPD almost over night and if this was more than expected then that could be the answer. But for a change it is a "nice" problem to have that they are rectifying. Again I have not looked into the numbers sufficiently but cash burn was around $1.5m which at current production gives us 18m worth of life. If they can overcome the issues we have faced we could well be profitable by year end and make the refinancing a lot easier. At least the drop in production is not due to largely to depletion as a lot of negiative posters were saying. It was a mistake by Range yes but at least it is simply a case of turning the taps back on. And as another poster has said, we could possibly be already close to 800 bopd. I would have liked a current production level but maybe its a hold that back for some good news and a better headline figure. I doubt it but you can but hope. KRO

Couple of chunky buys gone through at around 0.3p. Surprised more volume hasnt happened today to be honest. Happy with the quarterlies... need to compare and consider previous ones but on the whole quite positive. KRO

Rex, I don�t necessarily think the return to waterflood means that the assets are only suitable for waterflood, it COULD mean that but it is not the only thing that it could mean. They have sunk a lot of capital into the waterflood so maybe given the financial position it is better to have a couple of successful projects rather than lots that we can�t manage. We MAY be able to finance other drills but this MAY put constraints on other projects etc if something were to go wrong. Would you prefer they gamble and risk going bust or try and ensure a sure footing going forwards? I would actually like us to drill, go after the Herrera�s and either go big or go home. It would put a lot of people out of their misery and allow them to move on if we did go bump. I know this is not for everyone but I would be quite happy to see an aggressive drilling plan and see us at either 1p or gone. KRO

Nice to see WTI making gains. Just hope they can hold for the next 6 months and with a hopeful increase in BOPD we should see some nice revenues through the door. The key as ever is getting the oil out, I still have concerns over the drop from Januarys average as Eva basically said wait for the update in the quarterlies. (Cant blame her but would be nice to be reassured over the reason). Would expect at this level we have to be pushing toward profitability. This will allow for successful refinance of the debt which is key over the next couple of years. Let's hope the quarterlies show a breakeven level, would be very nice to see some profit, then I think we are readg for an upturn in the SP. KRO

Celtic, I am not going to filter you as I do not want to. There is nothing stating that I have to and nothing stating that I cannot critique your posts, I have not been personal about you, purely your posts. If you take offence to how your posts are received in a public forum, then you know what options you have. Bickers, I frankly don�t care who trashes WS, I don�t post on there. Yes I may read it for opinion but I certainly do not want the negative posters to stop posting, so long as they are prepared to have sensible discussion and with Rainbow (as to whether he is Oma from other sites does not bother me) I have managed to have sensible dialogue even given his differing opinion in the company. It is certainly better to have discussions with people with opposed views to make sure that you are considering all angles. I am certainly happy with the progress being made and hence my top ups at all-time lows, which I have made known as and when they have been made so I can�t be accused of being an after the event trader. You are clearly very bullish with Range and I find your post of interest, particularly your contact with Eva as you seem to get similar responses to similar questions I have raised of her in the past. I do wonder whether the SPT is based upon the macro WTI value or the amount we recover from Petrotrin, as if the latter we would only now be breaking above the $60 level which starts to see profits increasing again as opposed to this being reached towards the end of 2017. In regards to the world political issues at the moment. God only knows what the next step could be. And as for sanctions on Russia helping with WTI, I would be very surprise, it could possibly result in Russia sticking 2 fingers up to the world, turning the taps back on and crippling the oil price. This is unlikely but with Putin, would anything surprise you. Luckily, with T&T and Indonesia, we are quite a way away from the troubles facing the world. Let�s hope the drop in BOPD was a �planned� one and not one due to poor geology. I note that Celtic comments that this could be fitting a water pump, something I had previously suggested, however, on further review, this would not likely result in such a massive drop off as the pressure that has been built up within the system (the aim of the waterflood) would not just be stopped pending fitting of a pump. I hope that they have maybe undertaken some works on some of the bigger producing wells to get them back into a stronger producing position. It is a shame that the presentation did not come along with a more detailed ops update as the last one we had was Mid Feb when everything was going swimming (or so it seemed), so we are left with simple guesswork to see why the BOPD dropped off nearly 10% but the company did not see fit to update us to the reasons why. We are in a position where we have to guess. I am confident of the future and am happy the

My previous email of a quote you made about the gap between Brent and WTI. You then a month later, in order to portray the gap as continuing to close, make another post with the gap closing. Yet you failed to make any comment when the gap was widening. You fail to see how your posts antagonise holders so I can completely understand why your haters troll you everywhere you go. I have tried to talk to you on the board to explain WHY you should consider your posts but you flat out refuse to. Now I am bored of trying to convince you to be balanced so will just highlight your errors and bias in the meantime. You state you try and post about Range but in around 6000 posts (just guessing as you post a lot on AEX) you have posted 3 balanced post that I have read, everything else is that Range is all rosey and anyone who disagrees is a troll or multi ID. In the same way that you have your right, so do I. these are NOT personal attacks but comments over your biased commentary which impacts on my reading and use of the board. So in the same way you can quote and comment on Malcy�s post, I am entitled to post and critique yours as long as my posts pertain to Range, which if your posts do, then mine will continue to do also. Kindly do not play the victim, as my points are all based on fact based on your posts on a public forum. If you are unhappy with my commentary over your posts, perhaps complain to admin but unless they become personal attacks, I do not see what I have done wrong. Perhaps you would like to provide your views on the fact that the production levels are down on average from January to Feb/March or will you choose to ignore this as there would appear little positive spin that even you can put on a drop in production. KRO

No... but from your posts it would only seem like it was ever closing. Yet your most recent post which seems to crow that its closing is actually wider than your own post i quoted... And you wonder why you get hounded. Completely biased posts that ruin the board. All in my opinion obviously, which given your views I am ENTITLED to post. KRO

The differential was "just"$3.45 on 12th March. Not sure of the importance or relevance of this point. London Heathrow also had 35mm of rain in April 1948. Not sure how that affects our SP but thought it might interest some holders.... KRO

"RRL RE: POO and annual forecast 12 Mar '18- What is particularly interesting is the way in which WTI is closing the gap on Brent crude, the gap now just $3.45" Not trolling just wondering your view now the gap is widening again? KRO

Good to see WTI on the rise, not sure of the relevance of Brent as to how it effects Range. Also, were you not commenting the other day how the gap between WTI and Brent was closing, it currently sits around $6. KRO

Rainbow, you predicted it would drop below 700 and you were wrong, whether you were close or not you were wrong and given the way Range gets castigated when they are wrong, I think it would be gracious to admit you called it wrong. I fully get your stance and that you do not feel there is a viable business, and you are fully entitled to that opinion and to a degree I actively encourage it as it makes people who read the board to think critically as to whether they should invest or not. I think this quarterly is not going to be the greatest given the information �leaked� in the recent presentation but a lot depends on why the BOPD dropped. Could this have something operationally that they took the hit on for the greater/long term good of the company. I am more confident than ever in the share. I firmly believe that the BOD is moving the company in the correct direction and whilst they appear to still have some things to learn they are, at the moment, our best hope to make this a cash positive company. The communication seems to be a more open style and they must have known that the drop in BOPD would have been met with concern but DID NOT hide this simply within the quarterlies and this air of honesty goes a long way in my opinion. They have a LOT they need to do, WF and development need to go well but with some luck in Indonesia, we could be in a strong position once we take up the increased stake over there. As for cash burn, this has to be a concern, however, given they paid LO early to limit the interest owed, we have to trust that they have done their sums correctly, but even if they have not, we still have access to this should we need it. My 2 lowest purchases are in profit and we are slowly but surely making positive strides towards my average of around 0.39p. I am confident and happy to wait out until the end of the year and review my position (obviously unless something major happens between now and then). KRO

NO � the debt to Landocean is different to the debt/liabilities that are/were potentially due in Columbia. We still owe the monies to LO and they start becoming due towards the end of next year. It is a positive but certainly not the gamechanger that it could seem, particularly given the way the BOD played down the risk to having to pay out on this. One definite upside will be if we want to use the rig in South America that Columbia will no longer be a country we would have to avoid for risk of a fall out. Just need to find out the reason for the drop in production in Trinidad. KRO

Celtic, I know you think I have got it in for you but I genuinely don�t. I regards to ridiculing the charting you post, I just don�t see any of the opinions gleened from your apparent charting as actually fact. Yes we have tested higher levels and your interpretation of the chart predicted that. However, Range is a news driven share. Had the news reported today been that we were liable for $53m then do you think that we would have been testing the higher levels that we have today. I don�t want to pick on you, but I think that charts (not just yours) on Range have shown little use over the long term other than that the trend has previously been pretty starkly a downwards one and based on charts every holder should have jumped ship long ago. That said, it is certainly positive news, the price to sell has gone up and that is currently the only price I need to care about any more as I am looking in due course for the exit when I believe the time to be right. Hopefully the positive trend continues and the LTH�s who have suffered for so long can reap the rewards for holding and topping up at the all time lows. As an aside, and I have made my view on WTI known before, it is nice to see the charge being made an it sitting at over $65. Who knows where we will be at Christmas, maybe 1p? KRO

Indeed good to see an agreement reached. Was limited as to how this could have been enforced anyway but nice to see another skeleton from Landaus days all but done away with. Let's guess the response... something like "yeah butthe courts have not signed it off so it isnt done until its done. How will Range afford $53m on top of the LO debt. Range is doomed get out now, you are all doomed..." KRO

Only 4 total trades more than the number of RNSs released - such an odd share! KRO

Not necessarily. You dont know the reasons for the drop. Woukd they have had to stop/slow production to fit the new pump for the waterflood. If this was off for say a week... that would equate to 50BOPD over the course of the month. I am not saying that is the case and it may well be down to depletion or the rainy season or any number of factors but its just specualtion. At least it remains north of 700 which I was confident would be the case. Shame nobody took up my bet... would have been a much nicer chat board. KRO

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

Steevey, if you mean the antics and deceit... my cold dead corpse. BUT if you mean the SP... a miracle. KRO