.

Good thinking by PL to split the news. Should be a very good day today, with more next week.

Should be back into double figures next week.

Could very well be,of course that news could come Monday? So mybe positions taken up today, not wishing to be out over the weekend?

Lets hope so and then we can get yeharring. I bet your not leaving part of your shares to me now (I am pleased to say) haha!! Long may this continue.

Did you see the 2o min Hong Kong Pres 3m.

No I didn't. There is a PDF file to open up and read yet which I haven't got around to doing but will later on.

TT looks good for the future with the water flooding Pete explains about.

Fingers crossed for next week.

http://britishbulls.com/StockPage.asp?CompanyTicker=RRL&MarketTicker=Oil%20and%20Gas&TYP=S

Just listened to the conference, very interesting and an awful lot going on. Well funded it seems and a lot of that black stuff to be had hopefully.

Thought Pl had lost a bit more hair in the conference video, perhaps the stress due to the sp. :-))

Strange this amount of selling, when more driving sp news early next week. Would not want to be out of this over the weekend.

He probably keeps what he has left short so when it all goes it doesn't come as a shock. Cannot understand all the sells myself - IF I had any spare dosh I think I would get some more (do I sell MTA) or do I stay, that is the question I keep asking myself!! Eggs in one basket or eggs in two baskets.

Been thinking the same as you 3m. Not putting anymore in here. Really want to be taking some profit , perhaps soon.

Remember as well you may be given ''free'' shares in Puntland . It will knock this sp.
All taken with a pinch of salt .

Mmmmmmm!! Eggs in two baskets I think, just want news from the other basket soon before it goes further down.

Profit taking slowing, should be a tick up this aft.

There is going to be a lot of profit taken before we break even afraid to say but there are lots out there who paid 20 -25p last year so they have even longer to wait.

OilVoice Morning Movers - Range Resources, Lamprell and Max Petroleum
Friday, June 08, 2012
Range Resources (LON:VOG) announced this morning that it has a significant increase in reserves on a Texan project.

The estimated undiscounted net cash flow value to Range, based on the proved and probable reserve numbers, is $254 million (£164.7 million), up from $202 million in October 2011.

The AIM listed company said with the drilling of the Smith #2 and Albrecht #1 wells, gross current average production from the field increased to approximately 4.5 million cubic feet of gas per day and 394 barrels of oil per day.

Peter Landau, Range's Executive Director, said: "We are extremely pleased with the recent results from our Texas drilling programs, which has confirmed what the Company had strived to do in increasing shareholder value through the increase in the Company's share of Proved and Probable reserves from the North Chapman Ranch Project. This now paves the way for the Company to commence divestment of the Company's interest in the project during Q3 2012. The sales prices of similar production assets in the region have been encouraging, and any such divestment will provide significant funding that could be applied to Range's current activities and other possible corporate initiatives such as an on market share buy back."

Range Resources is currently trading at 8.33 pence a share, up 13.22% on opening.





Read more: http://www.oilvoice.com/n/OilVoice_Morning_Movers_Range_Resources_Lamprell_and_Max_Petroleum/dce7e36e1de8.aspx#ixzz1xCQcj9w6