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Range Resources Ltd - One for 2011 (RRL)     

Proselenes - 10 Dec 2010 13:31

.

3 monkies - 20 Feb 2012 18:04 - 2756 of 5221

Hi DC what does :-)) mean, is it some sort of internet language expression? Joking apart one can only hope whatever happens it is all going to be good then we can all get to some far off paradise - my old bones could do with some warm climate. Sssshhh I am only £250 pounds short of what I gave for BDEV years ago, Oh is luck changing?

dreamcatcher - 20 Feb 2012 18:12 - 2757 of 5221

3 monkies it looks better then :-(( or 8-(( , lol. With all his yehaaaaaaas he must be spending some of it. Good for you 3m. Lets hope this one comes right as well for you.

3 monkies - 20 Feb 2012 18:24 - 2758 of 5221

Cheers DC. 64yrs old in June (24yrs in the mind) so would love to have a bloody good time before it is too late to enjoy and good luck to everyone - as we all know nothing is written in stone apart from engraving. Await tomorrows events in the rainy cold North.

goldfinger - 21 Feb 2012 10:01 - 2759 of 5221

Going bonkers. upwards that is. had another tranche earlier already in profit.

HARRYCAT - 21 Feb 2012 10:18 - 2760 of 5221

About flippin' time! Been sitting on these for ages.

mitzy - 21 Feb 2012 14:03 - 2761 of 5221

Well done Harry.

dreamcatcher - 21 Feb 2012 15:02 - 2762 of 5221

Patience is the name of the game.

goldfinger - 21 Feb 2012 16:36 - 2763 of 5221

From my trusty snitch..........


"Moving along though, the big push today is because of the yanks wanting to get into Range.
> They are using BNY to access stock on the AIM and will do so once the US markets open and raid whatever they can on that market, then they will turn to the ASX tomorrow and it will repeat until supply has fed the demand. Then a nice RNS will cause another round........."


BNY= Bny Mellon Asset management Bank of new york


dreamcatcher - 21 Feb 2012 16:42 - 2764 of 5221

Nice round 1 pence up, 8.33%, good news goldfinger.

dreamcatcher - 21 Feb 2012 18:53 - 2766 of 5221

Hope you had a great hols gibby

dreamcatcher - 21 Feb 2012 22:43 - 2767 of 5221

Settlement as of 21/02/2012, at 5:45 p.m.
Top performance from Range Resources Limited Npv (Di) as it closes +8.33% up. The security opened at the same level as the previous day's close, and then gained steadily throughout trading. Comparing the share price trend with the FTSE AIM 100 Ix index on a weekly basis, we see Range Resources Limited Npv (Di) maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of 11.63%, versus a 3.44% gain in the index).

BASICS
Resistance 2 16
Resistance 1 13.75
Closing price 13
Support 1 11.5
Support 2 10
Volatility (daily) 5.28
Value At Risk % 12.29
Performance (weekly) 11.63 %
FTSE AIM 100 Ix (weekly) 3.44 %
Performance (YTD) 35.59 %
Performance (yearly) -26.15 %

dreamcatcher - 22 Feb 2012 06:15 - 2768 of 5221

Range Resources Stock Mailer image

http://www.stockmailer.com/Services.php

dreamcatcher - 22 Feb 2012 06:16 - 2769 of 5221

Range up 5.71% on the ASX

goldfinger - 22 Feb 2012 11:36 - 2770 of 5221

Stockmailer is the equivalent to RHPS in the US.

Went out last night Im informed......
http://screencast.com/t/oDb1IoYNYbX

http://screencast.com/t/dXgE4EIlD

http://screencast.com/t/pYowOQNIDqpM


http://screencast.com/t/hXtZu8jrb

goldfinger - 22 Feb 2012 14:28 - 2771 of 5221


Well I missed this one. Page was blank
when I looked on monday.

Panmure Gordon
with a BUY rating.

hemscott premium

Range Resources Ltd

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Panmure Gordon
21-02-12 BUY -1.32 -0.06 7.03 0.34
Edison Investment Research
06-01-12 None 0.98 0.06 10.01 0.13

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus -0.23 -0.00 8.44 0.24
1 Month Change -0.04 -0.00 -0.04 0.00
3 Month Change -4.54 -0.14 -0.08 0.01


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS % % %
DPS % % %

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £-5.25m £-1.03m £7.41m
EBIT £-5.38m £m £m
Dividend Yield % % %
Dividend Cover x x x
PER -31.78x -13,000.00x 54.39x
PEG f f f
Net Asset Value PS 3.70p p p


dreamcatcher - 22 Feb 2012 15:13 - 2772 of 5221

Have we launched in the US as there was a ? this morning.

dreamcatcher - 22 Feb 2012 15:35 - 2773 of 5221

There is talk we will be on sale on OCSQX in six weeks ?

dreamcatcher - 22 Feb 2012 15:45 - 2774 of 5221

On the range home page RGRLF - $0.190 up 26.67% Looks like we are trading in the
US.

kimoldfield - 23 Feb 2012 01:43 - 2775 of 5221

PUNTLAND UPDATE

In short, Puntland results in early 2nd quarter.

Georgia delayed due to poor weather in Europe.

Texas, 2 new wells drilled which are expected to move significant reserves into the proved category, paving the way for future development.

Drawdown of £3m of its extended £30m equity line facility with First Columbus LLP.


Full announcement:-
Range Resources Limited ("Range" or "the Company") would like to announce an update on the drilling of the Shabeel-1 exploration well in the Dharoor Valley Block in onshore Puntland.

The Shabeel-1 exploration well spudded on January 17, 2012 and is currently at a depth of 1,230 meters. Casing has been set in the well to a depth of 1,139m and drilling of the 12 1⁄4 inch section continues as planned. Drilling of the Shabeel-1 well is expected to be completed before the end of March and testing equipment is currently being mobilized to the site. Assuming successful drilling results, it is anticipated that testing results will be available early in the second quarter of 2012. Upon completion of drilling the Shabeel-1 well, the rig will move to the Shabeel North-1 well, where 30 inch conductor pipe is in place and a 50 meter pilot hole has already been drilled.

These two wells represent the first exploration wells to be drilled in the country in over 20 years and will satisfy the first exploration period drilling commitments as required under the Production Sharing Contracts for both the Dharoor and Nugaal Blocks. In order to provide sufficient time to evaluate drilling results, the Puntland Government has granted an extension of the first exploration period expiry date 17 October 2012.

The Puntland Government and Dharoor Valley communities are fully supportive of the drilling project and have ensured the Company that they will do all necessary to allow the project to move forward safely and expeditiously.

GEORGIA UPDATE

Range would also like to announce that, due to the severe weather conditions that have been experienced across Europe and Eastern Europe, the Joint Venture has taken the decision to delay mobilisation of the drilling rig and ancillary equipment to the Namakhvani well in Georgia to allow for more robust site construction.

The poor weather experienced since site preparations first began has impeded adequate ground and road preparations to permit the safe movement of heavy equipment to the site. It was therefore decided to delay mobilisation until conditions at the site are satisfactory. Whilst mobilisation has been delayed, site preparation has continued, albeit, constrained in part by the weather conditions. The Company anticipates that spudding will now take place in early / mid April 2012.

The Company would also like to announce that preparations have begun on the 2D seismic program on Block V1b with the engagement of the Geological Institute of Israel (“GII”), who performed the initial 410 km 2D seismic program in 2009. A 265 km 2D seismic program will be undertaken on Block VIb that will endeavour to provide northern closure on the initial structures previously identified, as well as looking at identifying possible unconventional targets. The program will also include a seismic cross section over the recently drilled Mukhiani Well to assist with the potential side track option as identified through the earlier Vertical Seismic Profiling.

Recently appointed NTD Energy will be taking an active role in supervising seismic program all the way from acquisition to processing interpretation.

TEXAS UPDATE

Range would also like to announce that it has drilled two additional appraisal wells on North Chapman Ranch, the Smith #2 and the Albrecht wells. Both wells have been successful drilled and logged with the Smith #2 having been completed and fracture stimulated with testing imminent. The Albrecht well has been logged with early indications suggesting a 100+ ft gross pay zone, with casing now being prepared to be run prior to fracture stimulation and completion. Together, these two wells are expected to move significant reserves into the proved category, paving the way for future development.


The Company would also like to announce the drawdown of £3m of its extended £30m equity line facility with First Columbus LLP.
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