.

Good nite 3m

Does 3m keep her new acer computer in the garden.......

lol

Horn ended 35.17% up and horn issued no rns

Held on the ASX

FoxDavies Daily Monitor - Range Resources, Providence Resources and Chariot Oil & Gas
Monday, May 14, 2012
Range Resources & Red Emperor (RRL LN, 10p, ▲ 7%; RMP LN, 34p, ▲ 18%)- Puntland looking like a better Punt: Africa Oil's presentation (here) has highlighted the significance of the previous announcement of 12 - 20m of net pay over a 150m interval, and is encouraging. Firstly it raises the potential that we may have a commercial discovery, and secondly, it increases the prospectivity of the remaining targets in the exploration portfolio. On the back of this news, we are reiterating our price targets (Range - 27p; Red Emperor - 65p) and BUY recommendation on both. In this news:


■A gross section of 150m of oil
■net pay potentially between 12-20m
■Cretaceous Sandstones
■Further oil shows encountered in deeper sandstones currently being drilled.
■A testing program including the zones discovered to date and any deeper potential pay zones encountered will be agreed.


Read more: http://www.oilvoice.com/n/FoxDavies_Daily_Monitor_Range_Resources_Providence_Resources_and_Chariot_Oil_Gas/8bd8afaa06ea.aspx#ixzz1uubhvDuU

http://intelligencebriefs.com/?p=2315

http://intelligencebriefs.com/?p=2311

Dire state of affairs today!!

Horn recovering from its low 4% down now.

Hi DC, got a phone line now at long last but no internet connection so Virgin are getting onto BT so we shall see how long it takes them this time, so still perched like a pervert in the bedroom window ha! Not a good day for rrl or rmp.

Good 3m sounds like you are getting there with the phone. Far from pleasure investing in these times.

I can't fathom whether the SP drop is merely a function of de-risking the whole market or something RRL related.

Join the club coeliac1, Im thinking RRL related. Im just waiting to see what happens if we get a commercial strike in Puntland and news in the mean time. Still think this share is being played big time.

Range Resources (LON:RRL) slipped 7% to 8.9p during afternoon trading on decent volume. The shares have been battling with the 10p level for the last few sessions, even after what looked like bullish news yesterday, sellers were still pressing the exit buttons during trading today. The update says everything we need to know, the drill bit was at 3,425 meters yesterday, and they announced they were pushing on to the target depth of 3,800 meters. Possibly long term holders here will be looking for the final update over the coming weeks before making any rash decisions.



Read more: http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_Chariot_Oil_Gas_Matra_Petroleum_Bahamas_Petroleum_Range_Resources/130c877dd8fc.aspx#ixzz1uxYVnad2





http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_Chariot_Oil_Gas_Matra_Petroleum_Bahamas_Petroleum_Range_Resources/130c877dd8fc.aspx#ixzz1uxWcRH99

Cannot work out where FoxDavies is getting its sp projections/forecasts from. My post
3708 they forecast a sp of 27p for Range. Then the post above they state ''The shares have been battling with the 10p level for the last few sessions'' When do they think we will reach 27p ? I cannot see it in the near time. Also ''Possibly long term holders here will be looking for the final update over the coming weeks before making any rash decisions''. Other than jump ship What RASH decisions are they going to make.
Do not like the way FoxDavies are coming over with this share.

It is going to cost money for me and I am sure you also DC to jump ship at the moment it is becomming an increasingly pain in the butt. May be there are too many operators and too much political pressure, no idea really, just a thought.

We just need result in Puntland along with the rest of the news and it will be a different story for this company .

MTA doing ok for you 3m ?

Yes thankfully. God knows who needs it most, lost nearly £1000 not having access to a computer weeks ago think I told you but maybe I didn't - head has been up my .... for weeks - time something good happens, a dangerous game we play and of course not being the experts it is the price we pay. MTA seems to be looking good but who knows things can change by the time one goes to urinate so to speak. How are the rest of yours doing? I am down 65% overall with my load of bad choices, hope yours are not that bad. Thought Balerboy was an outside man and would have known an Acer was a plant as well as the name of a computer hahahaha!!!!!!!