.

Tangiers petroleum is fast on the rise. Look foreward to it dual listing here, unless rrl
makes the other 95% purchase. lol

exactly - and good not to have all eggs in one basket - rrl hs a very good pf

& never say never!!

i feel a ...............

yeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Can either DC or gibby explain to me as to why RRL was going great guns at 25p for a minute or two in March I think and then after the 2 AXS enquiries they just went down and further down.

Hi 3 monkies, I can only speak for my views. That at that time I think the sp got over
hyped. Was the company worth 25p with no revenue or oil coming in, no not in my opinion. The drills have been delayed which have not helped. Like I have said before
(its the same for every share I know) look at the world events that have hit the stock exchanges. Without listing them, the book makers would have given you terrific odds
and no doubt laughed you out the bookies had you placed a bet. The markets are pricing in nothing now, ie spudding. The 1st well successful announcement for TT and we drop 5% in the sp(a laugh)The markets did not like the 17p placement either. The company I feel is far better to grow as wells are drilled and hopefully oil found. We all have our own goals for rrl. Mine will be Puntland sea or perhaps an eventual takeover, who knows. Europe is still very bumpy, this will not help. The sp is under valued now,
but as you can see in a previous post with the amount of shares is going to take some moving. Move i feel it will, if all comes right. I would much rather see the sp climb on merit ie successful drills and revenue then hype. I am still very happy to be invested here, with the company underpinned. Also the directors share options expire December,so they will be keen to get the sp moving as much as us. Avery exciting company to be invested in for the future not tomorrow.

hi 3ms - yep dc has covered off some relevant points - but there is not one reason - it is a multitude of reason and it is not just affecting rrl - i have been through this type of situation before and held my nerve and reaped the rewards very much - and a couple of examples - a few years ago i had asos at just under 30p - now look at it, blnx i had sub 20p a few years ago again take a look now rrr frations of a pence look at where it went - still doing ok now considering the recent 6p pl. and many others - this is a buyers dream imo - i am seeking weakness right now - but to add to dc's paragraph - yes economic climate, people panic selling at loss, some simply took profits and moved on, sp manipulation - yes that does happen still is see it every day, auto sell trades cause more panic, people preferring oil producers right now - we have texas already but the big stuff to come (dont for get cash back there if you want it prob next year), et cetera - if you can afford to sit tight imo do so - it will come good this is the fun of being an explorer and producer - gl

oh btw some iis are quietly accumalating - in time look out for holdings rns

and keep a close eye on aul this week starting tomorrow - drop way over done tomorrow - ii am seeking bottom prior to a softish bounce imo

Thanks gibby. You see the panic selling on your screens more than perhaps we do at home.
Also this share and other oil ones are a gamble early on. In these times investors have moved money to save havens ie gold, food shares and cash,etc.

Just need a big strike rns and investors will notice rrl again. More comfortable here then any of my other shares.

no probs dc - and believe you me - rrl is not forgotten - it is on the radar of many as is gkp and some others

i would not worry about rrl unless they duplicate des and turn oil into water with repeated success & have a run of dusters which i very much doubt - i do not even worry about puntland because some high ranking armed forces (what they have any how!) & political figures backing this and promised protection both on & off shore - this project goes to the top of the country out there - they are desperate for the cash - no pirate or tribe will stop this

they have ways of dealing with pirates out there - not like the royal navy who nowadays have to worry about the pirates so called human rights!!

Just hope conoco do not rear up if there is a strike. I am staying clear of views of pirates etc as you can understand from the past. Conoco should have lost all rights
to Puntland.

it will be ok

btw for info - not many know this but a new type of 'blind' platform is being tested where nobody not even the mms will know who is actually bidding or offering what - it may never happen and many are annoyed others like it - you will see the values but not who lol! i think that would turn things upside down if that happened and be interesting - we'll see - might never happen then again :-)) yeeeeeeeeeeehaaaaaaaaaaaaaaaaa!!

already some are trying to cheat round it and it is just on test now!! lol

Thanks gibby

RMP and RRL graph



http://www.google.co.uk//finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1316370140851&chddm=30149&chls=IntervalBasedLine&cmpto=LON:RRL&cmptdms=0&q=LON:RMP&

good stuff - pretty much neck & neck which is as we expect and know - rmp edging it most recent stats

Just wonder what will happen to rmp if the two interests are proved and sold on. May partner range in future or go it alone.

Tangiers petroleum 46th oil barrel conference 8th Sept 2011
25 mins and 30 secs talks about range, we have not heard the last of Tangiers petroleum imho

http://youtu.be/gaugTkhZ7tQ