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Range Resources Ltd - One for 2011 (RRL)     

Proselenes - 10 Dec 2010 13:31

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grannyboy - 28 Oct 2011 13:41 - 2327 of 5221

Georgia first well looks a duster, but there's always the next well to drill,so they may learn something from the first?, pumben you state Texas is slow??, thats not what the management said, they state they're ahead of schedule!!..And T&T sound positive to...

pumben - 28 Oct 2011 14:26 - 2328 of 5221

Grannyboy, yes I got it wrong regarding Texas !

dreamcatcher - 28 Oct 2011 14:45 - 2329 of 5221

I feel rrl are falling short of market expectations and mine. RRl has the front man Pl
giving all the talk/interviews and the whole operation is not keeping pace with what he is feeding the markets. I think they were looking for a lot more substance in the rns.
Georgia is going one of two ways. TT now we have been promised news next week.
I would think the market was expecting flow rates today. They stated 21 wells this year and again this has fallen behind schedule. We have had the rumours/ games play with puntland and not a mention in the rns. Another big let down, I thought there would be a big update on Puntland. Yes by the talk being put out by the company, the market has huge expectations (after all thats what we look into before we invest
in a company). I am not sitting comfortably as 6 months ago before the drilling started. (of course the sp has dropped from 24p then as well) . Another way of putting things is the cogs are not turning together in rrl. I am not going to sell out,
but could well reduce my holding after the next news. (may be very good).
I have topped up over the last few weeks and now sitting on a very large total for rrl shares. I think rrl has got its problems, thats i feel as honest as i can be.

HARRYCAT - 28 Oct 2011 15:12 - 2330 of 5221

I see you have been doing a lot of retrospective deleting on this board, dc. Your change of stance concerning RRL has presumably triggered that?

dreamcatcher - 28 Oct 2011 15:17 - 2331 of 5221

You know Harry investors have moaned. So taken all the irrelevant chat off

dreamcatcher - 28 Oct 2011 15:29 - 2332 of 5221

No to your question.

HARRYCAT - 28 Oct 2011 15:42 - 2333 of 5221

Let them moan. Everyone is entitled to their opinion, so as long as your posts aren't abusive, I would let them stand. There are others who push the limit more than yourself!
Shame about RRL performance. Thankfully I did accept that this was high risk and therefore only have a small stake.

dreamcatcher - 28 Oct 2011 15:48 - 2334 of 5221

I hope investors on this thread can put down their views and if a company does not perform to what it has stated.Is it not better for me to say so. If other investors are pleased with the news then I am pleased for them. Yes my stance of the company will change, as would i hope all investors if a company they have invested in would if they were not totally happy. I hope my views change back with the next news.

dreamcatcher - 28 Oct 2011 15:49 - 2335 of 5221

Thanks Harry. Nothing untoward about removing posts

skinny - 28 Oct 2011 16:08 - 2336 of 5221

DC as Harry says - as long as nothing abusive is posted - then that's life.

I've had some from MRSI and his many pseudonyms on here and elsewhere and from na sdaq (or whatever he was called) berated me for selling half my holding each time it doubled or more.

As long as Dil doesn't start on you - things are ok :-)

grannyboy - 28 Oct 2011 16:34 - 2337 of 5221

I'l be looking for a clear and concise update on T&T next week.. otherwise doubts will start entering my thoughts!!..

dreamcatcher - 28 Oct 2011 16:58 - 2338 of 5221

Thanks skinny. grannyboy, I am down in a lot of the shares i have invested in . Unless you had purchased in the fall over the last few months. Now seeing a lot of them moving up. rrl I have had a lot of patience with and watched all the profit evapourate.
grannyboy, I think it will be a very important update for rrl and for a lot of investors
to decide the future. I feel games play has gone on by rrl/ jv partner. I emailed them and got a yes. Thats why i think there was a enquiry by the ASX in my view for the chat room chat that was going on. Then not a mention in the update. We are not as investors being told enough, and on time. Grannyboy we await the next update on TT.

I half do not look forward to the updates from the company, as you never get the full picture. I speak my mind, am going to email PL at rrl and tell him what i think. I do think a lot of this company. They can listen or not but are going to learn the hard way otherwise.

grannyboy - 28 Oct 2011 18:10 - 2339 of 5221

Agree with what you say dc regarding the vague RNS's just lately, they need to be improved upon, but i'm still confident on Texas and especialy T&T, Georgia is another matter but they're wildcat's, and if the first ones a no-go then hopefully they'l get enough information for when they drill the next??.. Puntland should be spud in the next couple of weeks?!!!..

dreamcatcher - 28 Oct 2011 18:28 - 2340 of 5221

I hope for good news too grannyboy.

3 monkies - 28 Oct 2011 19:31 - 2341 of 5221

Well DC all I can say to you is "illegitimi non carborundum" - you have done your level best for this share and your belief in the company - all is not lost (as yet). It has all been down to each individual as to whether to go or stay - things not too good at the moment I agree and I feel sorry for the ones who bought it a much higher price, I feel sorry for myself for not getting out when the going was good but alas that is the name of the game - I made that choice nobody made it for me. Chin up and better times for the not too distant future for all concerned holding this share. Have a good weekend all and chill.

ptholden - 28 Oct 2011 19:54 - 2342 of 5221

My word, RNS wasnt that bad!

RRL PR is awful though, just had the debacle over whether they had signed a JV with Marauder, no they haven't, but MES CEO said yes, not RRLs fault but probably need to be more careful who they work with.

Oddly a poster pasted an email supposedly from RRL on Thursday stating they were flow testing. That was certainly price sensitive info, but only served to give a misleading picture. Just goes to show, best wait for official information rather than BB postings.

dreamcatcher - 28 Oct 2011 20:26 - 2343 of 5221

Agree all round, good weekend all.

Chris Carson - 29 Oct 2011 00:01 - 2344 of 5221

dream - Don't beat yourself up mate, over enthusiasm for a company you believe in is not a crime. Reality can be cruel with these minnows as you are finding out. They are a gamble big time, some you win some you lose. Hopefully RRL will come good eventually. And we we will all prosper, gees if an oil company cannot get above 9.5p then it really is a useless piece of shit agreed? Long term investment has to be. :O)

Chris Carson - 29 Oct 2011 11:14 - 2345 of 5221

Apologies for that last post produced under the affluence of inchohol! Fabulous company honest:O)

required field - 29 Oct 2011 14:00 - 2346 of 5221

Not such a good update due to georgia...luckily they have numerous other assets...texas, trinidad, puntland.....
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