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Range Resources Ltd - One for 2011 (RRL)     

Proselenes - 10 Dec 2010 13:31

.

3 monkies - 12 May 2012 17:26 - 3648 of 5221

We will see, could be a lot of Political Problems yet to come if they strike loads of the black stuff, don't you feel? Only time will tell.

dreamcatcher - 12 May 2012 17:42 - 3649 of 5221

What a lovelyday, just got back from a dog walk through the yellow fields.
Yep I agree 3m. Far more happier as at today then last week. Again this could
all be built up and we are in the red again.
We have come through world turmoil, eath quakes, etc, etc, etc now we deserve some luck.
Only guessing but I would think we would have an update rns very early next week.

dreamcatcher - 12 May 2012 17:51 - 3650 of 5221

Thanks to wrighty6 on 11 well worth a read

http://nextoilrush.com/index.php/extreme-investing-not-for-everyone/

3 monkies - 12 May 2012 19:34 - 3651 of 5221

Glad you enjoyed your walk DC, I enjoyed getting out with the sore foot only been out three times in 2 weeks... toes are getting better (escaped from the bedroon widow). The above article makes sense as we are late investors in this company and when one reads the logic (still logical as the gins haven't been plentiful this evening thank God) then of course it is patience. We shouldn't have been greedy and gone last year and bought back in but we didn't so maybe we shall have some luck in the not too distant future. Still worried about the political aspects though but I won't be hiding under the douvet tonight. One little laugh, I have seen the man across the roads bare arse more times than he has seen it himself since I have been the mad woman in the attic hahaha!!!!!!!!!!! I am wondering whether to go and see him and his wife to say that I am not a pervert but their next door neighbour has kindly let me into his wireless. Oh! I do hope you appreciate my sense of humour!

dreamcatcher - 12 May 2012 20:01 - 3652 of 5221

You wont offend me 3m lol. I hope he did not turn round to many times.lol He might do it more if he knows he has an audience. Up to you, I will leave the choice to you. :-))
I hope Monday will start to move us forward. Not only good news but the sp needs to move now with the news. Which I think it will now. All the talk boards are buzzing now. If the news is true Range really wants to put out an rns that really puts out what Range stands for and perhaps we will advance for once and bring in many new investors.

dreamcatcher - 12 May 2012 20:07 - 3653 of 5221

Theres talk of an rns Monday about the presentation. May not have results in it. Will have to wait and see.

3 monkies - 12 May 2012 20:19 - 3654 of 5221

Haven't seen him turn around yet - I will get the binoculures out and await in anticipation - I don't think. Oh! lets hope for something here on the range front happens soon. Good night and hope tomorrow is a good a day as today weather wise.

dreamcatcher - 12 May 2012 20:28 - 3655 of 5221

lol 3m, have a good night.

Africa oils sp will move on a result of these drills in Puntland as found the ownership
below from the report.


OWNERSHIP
• AOC holds approximately 50% of Horn Petroleum

dreamcatcher - 12 May 2012 22:43 - 3656 of 5221

http://www.worldstocks.co.uk/forum/viewtopic.php?f=3&t=727

dreamcatcher - 13 May 2012 11:46 - 3658 of 5221

On the Africa oil presentation put on here slide 24 its clear that there are 2 boxes that were put in to cover additional shows of oil. Major talk all over the Boards yesterday and today. Hmmmmmmmmmm

dreamcatcher - 13 May 2012 14:59 - 3659 of 5221

New video Africa oil presentation.



http://www.dailymotion.com/video/xqssre_response_tech

dreamcatcher - 13 May 2012 19:19 - 3660 of 5221

Lets hope this major possible leak will have the investors that are sitting on the fence taking a position in Range. We are getting close now.

dreamcatcher - 13 May 2012 20:24 - 3661 of 5221

It would be good for the company to get the for sale sign up for Texas soon, with the sp so low. Then with the proceeds get the buy back of shares moving . Many more shares at this price can be purchased per £ today then if all goes right for the future of the company.

pumben - 13 May 2012 21:19 - 3662 of 5221

It would be good for the company to give a positive RNS. There's probably alot of investors who are reluctant to invest more until they start to see some good news. Regardless of how tight you may try ro prevent leaks, they always will get out and the SP normally starts to move up as we get closer to any good news (GKP and Heritage Oil are good examples). in the case of RRL, it is going the opposite, which suggests that people are losing confidence. PL needs to start getting his act together and get some shareholder value otherwise he will lose alot more investors.

BTW I hold but nore sure for how much longer.

dreamcatcher - 13 May 2012 22:52 - 3663 of 5221

My take on RRL, not to say its right. As you say people losing confidence yes at the time ll's gaining confidence as the drill progresses. Public investors are handing over cheap shares to other investors as well as ll's.As with all sells there is a buyer.We have had no RNS to say any ll have
dumped shares to the extent of having to be notified to the market.
I know you can keep defending the company but PL has always stated that he wants more shares to be with ll's. To a certain extent I think this is whats happening
bluntly to brass off (nice word) public investors and put doubts in minds (games play)
RRl has come through bad economic times as every other share that has not helped things.
I also think back a couple of weeks ago to the £6 million placing for rmp (may have been
dollars cannot remember) and think no mad fool would put that money in on a gamble, this far down the road on the drill and close to TD.
It was at the time we had news of the 12 - 20 mtr find (I think they were privy to a bit more info ) and must of been told of Georgia changing plans, so there was no risk there, or far reduced lets say.
News I still feel was held back incase this drill in blunt terms was a duster,
Lets hope we all get updated soon.
I feel this drill is going right and am happy to sit it out.

TT could turn this company into a billion pound company on the deeper drills alone.
Yes it seems to of had some sort of problems, again I can only hope they iron them out.
We also have news of Colombia to come, this may be huge.

Sadly I have felt it with Range that the jam always seems to be promised tomorrow ?
Again I can only speak for me and thats if I jumped ship now Im going to regret it.

Going back to Puntland if this drill comes off it will derisk the whole area including the huge off shore for the future.
This is the time I want to be invested in the company when the Puntland area is derisked and ll's will no doubt start investing then and many more public investors.
Thats when we should see a vey much better looking sp.
Then your going to have the big boys wanting to buy the drill sites . :-))
Remember Puntland was the drill that was never going to happen and PL has pulled it off ( just need a good result) .



Like I say my view only and please do your own research.

dreamcatcher - 14 May 2012 05:57 - 3664 of 5221

Up 10.34% on the ASX

dreamcatcher - 14 May 2012 06:04 - 3665 of 5221

Never seen so many investors up at 4 and 5 am on the boards,going to be a good day.

dreamcatcher - 14 May 2012 06:08 - 3666 of 5221

Rns promised by PL lets hope we are starting to move -


http://www.rangeresources.com.au/fileadmin/user_upload/asx/ASX_Announcement_Puntland_Update_14.05.12.pdf

HARRYCAT - 14 May 2012 08:09 - 3667 of 5221

PUNTLAND UPDATE
"Range Resources Limited ("Range" or "the Company") is pleased to announce that the Shabeel-1 well currently being drilled in Puntland by the Company's Joint Venture Operator, Horn Petroleum Corp. ("Horn" - TSXV:HRN) is drilling ahead at a current depth of 3425m (as at 13 May 2012).

A gross section of 150m of oil (possible net pay between 12-20m) has been encountered in the Cretaceous Sandstones (previously announced) whilst further oil shows have been encountered in the deeper sandstones which are currently being drilled.

A testing program including the zones discovered to date and any deeper potential pay zones encountered will be agreed with the Operator upon total depth being reached."
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