Range Resources (AIM:RRL)

Range Resources is an exploration company with its principal activity directed towards finding and delineating natural resources in the oil, gas and mineral sectors in Puntland, Somalia. Puntland is believed to have all the geological requirements to become a commercial oil-producing region. Range has two Production Sharing Agreements (PSAs) for the Nogal and Darin Blocks, two particularly promising basins.

Undiscovered oil-in-place resources in the Nogal block are estimated at net 860mmbbl. A successful project in this Near Shore zone would mean that new reserves could be rapidly placed on production, largely from shore based facilities.


Fox-Davies Capital recently initiated coverage with a price target of 50p.

News are expected........

Texas reserve report this week,

Georgia seismic and drill programe next week!

Due to the good cashflow, the price does not reflect the good EPS and undervalued PE of 2.9

Most likely due to drilling in risky areas, Georgia and Somalia, but the cash flow comes from Texas safe enough

That Atuk thread very quiet now rsi ?

Buy..buy..buy.

The B@stard " ravey" aka "SPINSTER " aka " CAT Lady" is on the prowling again with the STALKING business not RRL business

Get somebody else to F#ck you, I do not like urine smelly old ladies (1)

(1) Nothing againts old ladies

hmmm you certain have some disturbing thoughts swirling around your head !

Volume is going to be good today as there is as much volume as last friday on only 3 hours trading and more positive on a rising day.

Charting: another push and share price over the 20 days moving average, more positive signals

I am positive Master.

prowl ( "ravey" business )

To roam through stealthily, as in search of prey or plunder: prowled the alleys of the city after dark.

Looking better as it reaches 5.50 / 5.60p, so crossing UP the 20 days MA

Forging ahead 5.65 / 5.90 + 0.22p with volume 10 million in less than 2 hours

Nice upward increase today! long may it continue! staying in for more gains!

Nice movement today.

A very good day indeed, but the shares were hold back this afternoon, a bit of manipulation on the order book

Let say the volume was 14.5M buys for 13.50M sells when the price was 6.55 / 6.70p

and later at the end the volume was 25.6M buys and 19.6m sell and price 6.40 / 6.52p

I know the was delayed trades and "AT" at the wrong place, but I could see how some trades at bid side were withdrawn for no reason, but to make the bid side weaker, my conclution.

a huge volume at the end so more rise to come

Look at the buys this morning..

Isnt it good.

Did you read their announcement--oil and gas just about doubled!

Not quite double......

Oil and gas explorer Range Resources said a revised reserve report on its North Chapman Ranch field in Nueces County, Texas bumped up the commercially recoverable reserves estimate by 67%

Still negative after last weeks good news.

re - Still negative after last weeks good news.

Maybe not any more after today early marked down

From the "UPS" thread ..........

RRL 5.50p ( 5.40 / 5.60p )

Bouncing from a 61.8% fibonacci retracement this morning at 5.35p, after being well marked down on a weak order book at start, it went to 6.75p 3 weeks ago.

WATCH THIS FLY TOMOROW, news out on the ASX.
cyril