.

Horn up 4.65%

http://www.stockhouse.com/Community-News/2012/May/7/Africa-Oil-shares-soar-on-Kenya-oil-discovery

Africa oil up over 40% with the news of a 100mtr pay zone found in their drill in Kenya.
Come on Keith Hill pull it off for Range.

Get the feeling the next week or two on the markets are going to be choppy. Was
expecting the drop on the Markets to be worse today.

hmm, african oil, RMP and Horn up but RRL down, can't work it out why this one would go down when the rest of the partners go up ? Are MM's playing games ?

Africa oil being the parent {sleeping company) of Horn have other vast interests ie
Kenya that have pushed them 400% north in this calendar year. Cannot really compare them to Range or Rmp.

Rmp - Short term if an investor has only invested in Range, I dont think this has done them a favour in being formed. In the medium term if Puntland comes right and Georgia,
investors perhaps will make very good money here. If things go not so well with rmp
only having Puntland and Georgia may get punished a lot harder than RRL.
Long term rmp in my view was set up to take a large slice of the cake (offshore puntland) with cash and all sorts changing hands in rrls favour and then a major perhaps buying out RMP resulting in all investors being happy.

Horn - Being the operator, a lot of investors have invested here as with rmp as both
companies have far less shares then Range. The shares being far more leveraged.


RRL - I feel when the company wish the share to move then only will it.
There is a list of sp moving news to push this north? Why is it not being issued ?
1. perhaps to soften not so good news with the Puntland news
2. Good puntland news, then really turn the news on for a re-rate?
There is just too much news we are not being given, left only guessing.
Range have 10 x the shares of rmp and more then this for horn, the last dozen rns
have done nothing/ dropped the sp for range. So it only looks like oil is going to move this share. At the moment we are not pulling enough from the ground.
For the future if all ranges prospecs come to fruition the sp will be many times of today.
I did my homework before I invested and the company is not the one I thought I had invested in .

1. Time frames have slipped a mile, resulting in we should have achieved a lot more drills. TT way behind.
2. The sp has been artificially raised/dropped, call it messed with.
3. The company has purchased far more assets then investors were first told hence the capital raisings/ static sp for many months.
4. Long term I still have the view when oil revenues climb, this will have been a great company to have invested in.

I think a lot of investors are sitting on the fence to see what way the Punland drill goes. Bad news I think a lot will jump in resulting in not such a fall and good news they will jump in. Due to the whole puntland zone being derisked.
The current sp does not even reflec our p1 reserves.
As said before the company has got to pull its finger out and stop giving impossible time frames that result in negative views from its investors.

audyor/ I am happy invested here but know with this the company its not going to happen tomorrow and ofcourse the economic times have not helped one bit.


Thats my view, if anyone thinks any different love to know as a lot of investors are asking questions of rrl. Just good to know a few more investors views.

Uncovering Puntland’s Italian-Qatari Contractor [IMAGES]



http://dissidentnation.com/uncovering-puntlands-italian-qatari-contractor/

Range held on the ASX and Horn closed up 4.65% last night

gone mental !

Horn down only 2.2% so no bad news, pure games play. imoo

Someones taken a chainsaw to the tree after the tree shake.

Think it was better when I couldn't see what was happening - what another load of crap. Looks like general in the markets today but still doesn't help. They are going to have to pull a rabbit out of a hat pretty soon or much faith will continue to be lost.

Im hiding under the covers 3m

.

HFT's and Hedgies attacking AIM oilers today - hit the sector and you can get capitulation of many stocks........ they did it today.

And in the overall scheme of things it means...........nothing, apart from it will go back up later this week and only those nimble traders will make money, most people will have lost by selling low and then buying back higher.

more money will have been lost by not selling first thing!

pleased I was out today, not a nice day. We are not making hay when the sun shines.
ie The sp does not gain then like today we are hit hard. Should be in the high teens before today which should have left us in the low teens.

Good news cynic and we should recover. Need the sort of tullow news. :-))

declining oil price is the decisive factor.

Only needs Horn to issue a late rns and you will not get back in.