(RRL) Range Resources
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7.45
+0.96
(14.79%)
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Discussion
Range Resources Limited ("Range" or "the Company") is both an ASX-listed (ASX: RRS) and AIM-listed (AIM: RRL) exploration and production Company, with its principal activities directed towards finding and delineating hydrocarbons in Puntland, Somalia; the Republic of Georgia, onshore Texas, USA and Trinidad.
With the planned onshore exploration drilling program in Puntland and Georgia coupled with the exploration and development programs in Texas and Trinidad, Range is well on its way to establish itself as a diversified international oil and gas exploration, development and production company with significant upside potential.
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| 03:14 | ||||
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Good presentation.
Their financial position is stated as Cash and recievables $20m Equity Drawdown £27m ($40m) Debt Facility (tbf) $30 I guess the debt facility is an overdraft or revolving loan and tbf = to be finalized. So we ain't got it yet. But what does the equity drawdown refer to? Anyone know? X |
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| 01:29 | ||||
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A great presentation.
http://www.asx.com.au/asxpdf/20120523/pdf/426f334ynl1jgm.pdf A good moment to remind everyone that it's not only about Puntland. Crazy share price. It's not every day that you get opportunities like this. G |
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| Tue 22:47 | ||||
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Rain- what was the sp pre Georgia announcement?? What happened after first Puntand update? Then where did the sp go after the next Puntland update?? Then the director buys.
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| Tue 22:45 |
Hold
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I really don't understand why the SP is where it is - nor why it moves the way it does.
What I do understand is the word profit. It's all about profit. With an average buy price of 11.5 p I just can't get excited until 15 p+ Until then, well I just have to accept my 'paper loss' and get on with the day job. One day I'm sure I will wake up to 15p And one day the SP will go way above 15p ....in the meantime, no one will get my shares |
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| Tue 22:36 | ||||
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hitch19: "greedy bod released shoddy RNS news so the they could get their entry price"
hitch19: "The Q and A is the start of the ramping...FFS..... " Fact: 18/05 BoD released RNS saying: "The well has been a significant success to date" "a successful flow test could result in 70 to 130mm barrels of recoverable oil" "The well [Shabeel North] has an identified Jessoma formation significantly thicker and of better quality than the Shabeel-1" Fact: 21/05 BoD bought a load of shares Conclusion: there is a significantly greater likelihood of extracting commercial oil from Puntland than there is of extracting intelligent comment from hitch19 IMO Raindancer New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| Tue 22:20 |
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S57
I agree it's greed that gets lots of PI's in to trouble and the rampant hype on here over the last few weeks has done a lot of damage to people. The point I was trying to get across was that the AIM market is a dodgy place compared to the FTSE and that a lot of so called 'manipulation' goes on. Your point about II's not investing in such stocks, well maybe I've used the wrong terminology,but these shares were placed rather than open to PI's for subscription. I wouldn't necessarily class this as a conspiracy just the way business can be carried out on the AIM market (this has not been limited to RRL and RMP either). I have become a realist rather than a conspiracist. Additionally, I have nothing against the way PL or GB are running these businesses. A bit more 'formal' communication and a bit less emailing might help. Also, more realism arount timelines and expectation management might aid in bolstering the image and sentiment towards these 2 companies but that can be said for lots (try BMR). I try to be balanced and fair in my postings on here and would neither see myself as a ramper or de-ramper (and especially not a troll). Sometimes frustration can come through and exaggerate opinion from which I should learn. Regards |
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| Tue 22:18 |
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Might want to look at these for comparison.
Just coincidence that 350km2 3D seismic to be carried out on Block PUT-6 and PUT-7 with deal still to be finalised? Looks good if it's the Farm in. http://docsearch.derrickpetroleum.com/files/11053/Geoglobal%20Resources%202010%20AGM%20Presentation.pdf Slides 42 to slide 61 Very good reading and very interesting stuff. IF these are the correct ones. Large potential upside to be imaged in greater detail with high resolution 3D seismic surveys. Block PUT 6 100 Km2 (Q1 2011) Block PUT 7 250 Km2 (Q2 2011) Typical well productivity in basin ranges from 4,000 to 8,000 BOPD with pressure maintenance by water support Oil in Putumayo producing wells is light typically 26 to 32 API (29 API on average) PCR acreage is close to existing pipeline infrastructure discoveries can be brought online in relatively short time frame. |
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| Tue 22:12 |
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There is talk elsewhere that HRN might be raising the $15m to farm into the MES offshore licence as that is the amount that MES needs to fund its of shore PSA by 15th July.
Then again they might be skint and need $15m for themselves, although last time I looked they were well funded to the tune of about $25m. Sit back and watch it unfold I guess. Oh the drama!! |
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| Tue 22:11 |
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Gawd, must be more placements planned and yes, they'll need to offer a discount
So are we saying our BOD are the baddies and we should all sell up at a loss? Genuinely surprised by the wave of negativity here after the start of the fight back, ramp or not.GLA , whatever yr strategies and ffs, lighten up, if poss. get to break even at least before getting even on these here baddies. LOL |
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| Tue 22:06 |
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So we can expect the sell out late September! Four months to drill and test Shab North and to test Shab 1, and ,oh,look what we have found, surprise surprise , a sea of oil, BP?Conoco?Tullow? waiting in the wings and off we go.
Just a thought. New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| Tue 22:00 |
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The Q and A is the start of the ramping...FFS.....
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| Tue 21:49 |
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Come on win4; how about some honest balance It is greed that brings punters to stocks like RMP and it was greed and a lot of PI hype that got the highs you mention
Instis do nt tend to invest in such stocks or have the rules been relaxed- as for if you can't beat them join them, been trying that and like it, but let's not forget why PIs love high risk stocks , begins with gree and ends , etc No offence intended but let's keep it real Theres a character called viscounbtallenby on lse if you like your conspiracies and troll is his other name , imo. Good at getting backs up, and we ve had the ofdd one here in months past who had it in for PL. Ring a bell? |
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| Tue 21:48 | ||||
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After the recent falls on the AIM and on global markets do we think this could be a turn around or just a short term bounce? I tend to think there will be a lot of profit taking and will be a slow road upwards.
Any thoughts? |
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| Tue 21:33 |
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Unfortunately this is AIM and these are the rules (primarily).
Personnaly I think too many try to trade / invest here in a similar way to FTSE 100 / 250 stocks (I admit to doing that). This can work if using TA or Order Book analysis as these tools are invariably applicable to most stocks with reasonable liquidity. Investing on AIM is completely different and the PI will always lose. I believe that whilst institutions might supply the money to AIM companies by way of placements it's the PI's that actually pay. RMP got pumped to 50p prior to being placed at 32 and RRL climbed to 16 prior to the 12.5 placement. I'm convinced that those institutions that paid in at the 32/12 price had already sold at 50/16 to PI's convinced that these rises were just the start. II's have provided GB and PL with their cash, PI's have unwittingly reimbursed the II's at inflated prices and then take the pain when the price collapses. When was the last time we saw any holdings RNS's on these stocks - answer , you don't ! From now on my objective is to learn and observe as much as possible (read the posts from STM on RMP) and work out how to , if not play the same game, at least avoid getting shafted. GLA |
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| Tue 19:50 |
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Ricardo!!!! 15p??? you cheap tart you
I'm desperately trying to raise funds for a top up here, but I'm brassic. 7.5p today, that's total madness. From my limited understanding we should ber at least 11-12p based on market cap alone. You don't need to be einstein to work out the maths B_B New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| Tue 19:48 |
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TOTALLY AGREE, I LOST PANTS OF DOSH ON RMP AS I HAD SOLD A FEW RRL, AVERAGED RMP AT ABOUT 30P SOLD AT 15P, ON THOSE BLO*DY RNS'S AND ALL THE HYPE AND POSTS ON THIS BB THAT WEEKEND.
ITS IN CAPS BECAUSE I AM SHOUTING, calmed down now, a just got a promise so I off ! |
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| Tue 19:34 |
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Eggs, can't dehy the rise is welcome but this low sp imo is artificial.........we have been dropped for the bigs boys to make money after recent events, pi's mean Jack sheet....how many peoples finances were ruined on Thursday with 'that' rns, it was diabolical and unnecessary and does nothing for investor loyalty.Even I was shaken to the core but again had the resove to kod, thankfully.
My eyes are now wide open here and I will show no sentiment now when I am happy with the exit sp. Sorry to sound bitter and twisted! SS1 |
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| Tue 19:26 | ||||
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Yes the roller coaster swings are preventing sustainable long term growth or making the journey take that much longer but for those prepared to do the odd trade, the drops followed by rises provide additional money making opportunities. Even if today is a false dawn, today at least showed how fast Range can rise even with shares in issue and also does put a stop to the rot. Yesterday we were edging towards 6p and lower so I personally am glad we have taken a sharp turn northwards. GL.
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| Tue 19:13 |
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Not borne out by the Q andf A PL put out the next day and any way, if it allowed CEO to buy big time and boost the markets, be happy ffs.
Been out all day but enjoyed looking in from time to time. Zero to hero for some of us. More macro progress on Eurozone will keep our momentum going and some will twist that round too LOL. But i WILL agree that it was odd that the usual we are pleased/ delighted phrase was not used, maybe to keep Horn happy?? Great day , imo, whatever conspiracies are or aren't justified. |
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| Tue 19:11 |
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Nice to see another blue day after keeping away from the bb during the day but jeez, looks like my conspiracy theory post of last Friday I think it was is starting to shape up. Tbh, can't be ar@+d to drag it out but sure will in a few weeks time if proved to be right but atm, this is looking like typical aim games and I'll be off on the next ride to high teens for Range and mid 30's for RmP - I've had enough of this sheet, it's only the buddy boys getting the cream here. Let's wait and see, hope I'm proved wrong.
SS1 New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| Tue 19:06 |
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private placing..................to keep their friends happy!
It's not what you know...........it's who you know, and what they know. |
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| Tue 18:56 |
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Rubbish. The sp is where it is because the greedy bod released shoddy RNS news so the they could get their entry price. Now they'll ramp the t 1 ts off it. Laughing their little winkles off at all the long term holders.
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| Tue 18:38 | ||||
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May 22, 2012 (AOITSXV, AOINASDAQ OMX)
Africa Oil Corp. (Africa Oil or the Company) is reports that Horn Petroleum Corp. (Horn Petroleum) announced today that it will sell on a non-brokered private placement basis an aggregate of up to 18.75 million units of Horn Petroleum at a price of $0.80 per unit for gross proceeds of up to $15 million Net proceeds of the private placement will be used towards Horn Petroleums ongoing work program in Puntland, Somalia and for general working capital purposes. Shares issued pursuant to the private placement will be subject to a four month hold period. Horn Petroleum will make commercially reasonable efforts to have the warrants posted for trading on the TSX Venture Exchange after the expiry of the hold period. |
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| Tue 18:37 | ||||
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cap raising
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| Tue 18:17 |
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Just remind me.how was this magnificent buying opportunity created for them? Oh yes - it was the well handled and worded RNS! Still the presentation and upcoming good news (which seems to be already known?!) will help send the sp back up to generate a very nice profits for some.
New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| Tue 18:12 | ||||
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IF it´s commercial I would hope 20p++ minimum.
GLA |
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| Tue 17:24 |
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If its commercial, what SP are we looking at, hoping 15p++
GLA. |
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| Tue 17:22 | ||||
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It seems PL agrees about confidence having bought 3/4million more
http://www.proactiveinvestors.com.au/companies/news/29109/range-resources-confident-of-commercial-discovery-in-puntland-29109.html WHY THE HECK WOULD YOU SELL AT THESE CRAZY PRICES |
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| Tue 17:13 |
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So could be another reason why we are up today !!
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| Tue 16:30 | ||||
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What chance of the ministers keeping quiet for weeks and weeks until second drill completed and tested when they know something, its hard enough with an excited school kid so a politician is wired for leaks, especially when there's no recource in Puntland as its not london or Sydney.
Just have to wait and LISTEN.............. New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| Tue 16:25 | ||||
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| Tue 16:21 |
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| Tue 16:02 | ||||
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and we should not forget that it was AOI that first declared significant discovery...........
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| Tue 15:52 | ||||
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and some....!
AOI was only averaging around 7.5 on the 16th...the day b4 the debacle.. |
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| Tue 15:52 |
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Eggs.... This is one of the most amusing headlines..... it really sums up one common thought I guessed at the time: The problem we all have is that fear/greed thing .... out and miss it or in and miss it? Ha!
Then realism.... what is the SELLING price? What is the BUYING price? Hmmm.... = Inertia. Then pragmatism.... see what happens...... Not many Gordon Gekkos here then!!!! New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| Tue 15:48 | ||||
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The lads must be confident this is going to be commercial.If they get it wrong their wives will have something to say, no more bbqs.But a great response to the current drop.
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| Tue 15:31 | ||||
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is back to where it was before HRN RNS.........
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| Tue 15:13 |
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Isn't it strange how Red Emperor gets all the media attention, maybe the name is more exciting:
http://www.petroleumafrica.com/en/newsarticle.php?NewsID=13599 |
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| Tue 15:10 |
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Investor -Tester...you are confusing price sensitive news with a closed period...a common mistake.
The market had just been updated and responded negatively to what PL saw as positive news...they took advantage and sent a message to the markets at the same time.. We have to assume that shareholders are updated in accordance with LSE aim regs.... should new information become available, the fact that directors bought would not prevent them updating the market. GL LL |
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| Tue 15:01 | ||||
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Nice work as always trout....thank you
New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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