Member Info for bountyman

Nice to see some relatively upbeat answers. Might even go back to asking some myself, I stopped as everything appeared to be dodged. Nice to see the 2 licences are still seen as viable subject to the oil prices. Maybe this rally of POO could see us make head way with these. Also, they mention the Herreras... I would if they found the hidden million (more?) raised for this under the Aussie alleged crook. Let's hope the quarterlies see us making positive headway... maybe even gettinf to a break even point... or the unimagineable.... KRO

Not nearly as bad as the headline figure suggests. Yesterday I could sell some of my holding for 0.2p, today I would only get just over 0.181p. Hardly a point in posting this as the spread is so ridiculous that all the trades, both buys and sells, were showing as buys. On the plus side, if you wanted to top up you could cheaper today than yesterday, but not quite as cheap as earlier on in the year... FRO

Celtic, let�s be honest I was proving a point and you are nothing if not stubborn. It was nice to see that 80% of the recommendations were for me � not that it matters a huge amount. You appear to draw trolls out of the woodwork and it is to the frustration of people like myself who want to encourage meaningful discussion. Your fans simply stifle this and as much as you will say it is not your fault or you can post what you like, you are the a massive negative to this board because your posting style is not in anyway balanced regardless of what you post. It is unfortunate that you can�t accept the point that you are so publicly biased that you have infuriated posted, both trolls and holders, for many years. I can�t accept that a guy who runs his own company can be that blind to Range�s failings, yet you refuse to really acknowledge them. Facts Range WILL need a placing (or other method of gaining funds) if they continue to burn cash at the current rate. POO is worse than it was this time last week. The current netbacks per barrel on production are likely worse than they were a year ago. I have other things I can say but you need to understand that your rosetintedness is a negative to this board. KRO

Celtic, I agree it is not a competition, but I think you need to understand why people, even who hold shares, get annoyed at the lopsided posts that you come out with AS it invites all the trolls to the party. I point out again, look how the iii trolling has stopped since you got banned. I agree you have a right to post, but I also have a right to critique your posts as I see fit, unless you believe me to be bullying you ??? I find this particularly daft given the email from a couple of months ago� KRO.

I am not sure how well the table in the last post will show on here but it was from Touchstones presentation from 2016. The table has a lot of differences to Range. It is based c. 1500BOPD and we are not wholly sure of the operating costs for Range. Also we do not know whether the royalty structures are exactly the same as Ranges licences. However, there are some points that can be extracted that whilst the figures may not be wholly accurate the principals remain the same. On the proviso that operating costs remain the same, the funds flow netback at $30 per barrel is actually better than at $55 per barrel. This is due to royalties increasing and the fact that supplementary petroleum tax kicks in at $50. The netback is actually better at $45 ($4.56) than at any range between $50 ($1.91) & $60 ($1.75) and I suspect until likely some figure perhaps into the $80 range though this is not fact and is some rough fag packet maths. The netback is actually better at $50 ($1.91) than at $60 ($1.75). The Government take is 67% at $60 per barrel which is more than at any point of a lower POO. As I have said, this is NOT Range and I am not saying that the fixed costs and royalties are identical but it is a good indicator as to why the obsession over micromovements in WTI is irrelevant. The biggest single driver for Range need to be a sizeable increase in the levels at which we are producing oil. Sensible discussion is eagerly encouraged.

Revenue $25.00 $30.00 $35.00 $40.00 $ 45.00 $50.00 $55.00 $60.00 Royalties (8.13) (9.75) (11.38) (13.00) (16.87) (18.75) (25.02) (27.30) Operatingcosts (18.00) (18.00) (18.00) (18.00) (18.00) (18.00) (18.00) (18.00) Operating netback (1.13) 2.25 5.63 9.00 10.13 13.25 11.98 14.70 Income taxes - (1.24) (3.09) (4.95) (5.57) (11.34) (11.04) (12.94) Funds flow netback (1.13) 1.01 2.53 4.05 4.56 1.91 0.93 1.75 Government take 33% 37% 41% 45% 50% 60% 66% 67%

Celtic, I beg to differ, the post is designed to portray a positive outlook on the POO when we are worse off than we were a week ago. The fact that you posted a drop earlier does not get away from the intent in this post and had you simply put some context around it, perhaps something like �POO is making up some of the lost ground from a week or so ago� then I might agree with you but this appears to not be your intent on this post. It is factually accurate, in the same way that a lot of the trolls post that if Range continue to post losses at the rate they did in the half yearlys then they will either go bust or need a placing BUT we both know that this does not reflect the positive work being done in regards to BOPD and efficiencies. You seem to cry victim AGAIN but it is on the back of a point that I suspect the majority of the board will agree with me on. Perhaps we should see and if people side with you they can recommend your post and if they think I am right they can recommend this post � see how people view the posts at say 4:30?? KRO

Celtic, It is this lopsided BS that annoys people to the back teeth. The price of oil is down from c. $66.38 (27th March) to $63.05 today, so the price has dropped around 5% in a week but you post a rise of less than 1% because it paints a rosey picture. You will never learn it seems. KRO

PS yes the trolls are clowns. Not sure their game if I'm honest, just hope an SP rise sees them move on to fishing or painting or something as a new holiday. KRO

Bickers, from memory I believe Touchstone (possibly Trinity) a while ago posted their projections and most SPT actually made them worse off in terms of profit at $50 than $60. That said, I think it starts to swing back to them at higher levels. Not 100% crystal clear and not got the docs to hand. But like you said the BOPD is the big point here. This shows where we are going. And should have the biggest impact on profitability. Fingers crossed. KRO

Bickers, one point that is important when you consider the rise in POO. The Supplementary Petroleum Tax effectively wipes out any gains in WTI between $50 and $60 so although WTI is up around $12-13, the actual benefit to Range is a very small amount, if any. There was a discussion as to whether this tax could be offset due to some bits and pieces. I forget the exact nature of the same at the moment, but my posting history should be able to clarify the discussion I was having with someone (sorry can�t remember who) a couple of months ago. Fortunately I don�t spam out short posts to clog up the board very often so sould/could be easy to locate. That said, we are in a better position than 6 months ago when we were suspended but we are at a criminally low SP imo. Let�s hope the quarterlies support the bullishness gradually returning to Range and we see a quick correction to the levels I would like to see us at. KRO Bounty.

Rainbow, you really do drag the board down. You state as fact that you believe depletion will take the BOPD below 700 and I strongly believe this not to be the case. I propose a bet, if the BOPD is below 700 average in the quarterlies, I will stop posting (I only post on here not on iii or WS) if the average is above 700 you stop posting on here and don�t come back with another screenname. Whilst I am happy to have debate with you, it is clear that with anyone other than me you don�t have reasonable debate and it, imo, ruins the board. The offer is there for you, I suspect you won�t take it as you know deep down that the BOPD in the quarterlies will be well in excess of 700. KRO

Just bored of your trash talk. If you want to have a sensible discussion then fire away. Even Rainbow would agree that discussion can be had even if he appears to hate Range. Hopefully we continue to grow the SP and you gradually fade into the distant past. OR maybe you find something worthwhile in your live to fill the void of trashing a share you dont hold and clear have no interest in holding. FRO

The day in review... i wasted 20 seconds reading your post. Just my veiw of course. I note your opinion as to the rise being overdone, but I dont think many people on hear care for your opinion, IMHO obviously. Other than that, the SP is better than it was this time last week, lets hope we can say this most weeks in the future so trolls crawl back under their bridges, obviously IHMO only. FRO

Rainbow, as you know I try to be arguably the most balanced view on here, having shot down people on both sides of the fence. As per my posts yesterday, I am hopeful that these recent announcements are the signs of things to come. The PR on Range has been nothing short of diabolical over the past few years, I am not wanting to go back to Ipad RNS�s being leaked but there was something to be said about the Landau method of communication (not what was actually said � ie the lies) that got a lot of engagement from the AIM audience. TO REITERATE I DO NOT WANT US TO GO BACK TO THE BAD OLD DAYS. But there is a lot that can be said about Landau�s understanding of an AIM audience and how to trumpet the good things going on. I would like to see the board be a lot more PR savvy and as I stated yesterday, the Shell contract in isolation is �ok� but as an indicator of where we are heading it is certainly a good flagship piece of PR and I am glad that they released it as they did to try and spark some interest back into the company. Over the last few years there has been little good news and I think we need to really hammer home the good stuff. I suggested yesterday that I hoped this would be the start of a PR push and again, whilst the Indonesia RNS is not a game changer it has many positives. The level of BOPD is not huge and I don�t think that is the important take away, however, we are going above and beyond the minimum requirements which will hopefully get us to our 42% stake sooner than initially expected. The simple work that is being undertaken is going to allow for strong foundations over there moving forwards. A point to note is that we are heading towards meeting the minimum work requirements over there but have not done anything of note on St Mary�s or Guayaguayare. Perhaps the board see more upside in the short term over there and a better use of funds to spend over there. I hope that we get an RNS in the next week or so with an ops update from T&T or perhaps one of the 2 drills planned for the year. It would be good timing to continue the positive PR moving forwards. As for my sell out point, it is multiples of where we are now, let�s be honest if I have stuck through the tough times, I want to reap the rewards. I am fully aware that we could go belly up with the debt BUT I am comfortable with the risks associated am looking forwards to the positive times ahead. KRO.

Rex, as honourable as that sounds I genuinely don't care how they raise the SP. Having been stung by lies and deceit I think a lot of LTHs deserve the chance to get back out. I am confident with the progreas being made BUT lets be honest we are small fry, whilst with a large number of shares in circulation not many of them will be being traded whether thats the big holders at 0.8p or LTHs who have bottom drawered them, I don't think I will take a huge amout to get the rise we deserve. I think we were battered down lower than we should have been and I think the first big rise will likely overshoot where we should be. Nobody really knows the true value of the share as we dont have enough detail in the RNS announcements. BUT if traders see this rising for a few days we could easily see bigger volumes and a higher SP. BUT it may not, purely speculative. Let's get to 0.8p and see where it goes from there... KRO

Come on Celtic, give it a few days, it was a good day, we have had a lot of carp days, be the bigger man and dont try and bait the trolls. Hoping for positive movement today but not sure much will happen. This might explain the reduced work programme in Trinidad as we are no longer flush with cash. Hopefully (as I suggested yesterday) the Shell RNS yesterday was good marketing and a shout for people to look at Range for a good reason for a change. Then provide them with a succession of good news and get a sharp uplift in the SP and the hype cycle starts again. Let's hope the spread tightens and we can actually get some trading happening to bring people back to tge share. KRO

Athena, I am aware of the positive implications of the contract and I am not doing it down. My questions were genuine, having seen poor PR (post lies era) I am intreagued as to whether they see this as price sensitive genuinely OR are trying to market Range better than it has been in nearly 10 years... Good to see a positive poster join the board after years of "less than positive" posters running the board. Let's hope we get a burst of positive news... 1000BOPD perhaps. KRO

Time will tell. Anyhows i can sell for more than yesterday so its a good day. Good stuff on AEX, I don't follow them but good to see you making money. KRO

Celtic, I don�t doubt the merits of the contract, it is good news BUT why was it released by RNS, hopefully it is savvy PR as I don�t see 1 workover well as being price sensitive in the scheme of a multi-million pound valued company. Will we now get an RNS for every item of work RRSDL now complete, every contract they sign OR as I suspect is this clever marketing. We are really no better off than 2 days ago, 1 workover well does not warrant an uplift in the value of the company of around �3m. It does show what a downtrodden dog we have been in the recent past. Hopefully as you pointed out earlier it is the start of an upturn, hopefully my last 2 buys remain in profit. KRO Bounty