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Range Resources Ltd - One for 2011 (RRL)     

Proselenes - 10 Dec 2010 13:31

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grannyboy - 07 Jan 2011 11:29 - 45 of 5221

Yes 3M things will be put into perspective next week if theres an RNS , todays action is only a small part of a bigger picture!!!!!!!!!!!..

3 monkies - 07 Jan 2011 11:36 - 46 of 5221

Hi grannyboy I do hope that the small part of the bigger picture is going to be good as I, like a lot of others hopefully have faith in these. Thanks for the reply. Looks like plenty are still buying.

Proselenes - 07 Jan 2011 12:11 - 47 of 5221

3Monkies, the preset share price is cheap for the USA and Trinidad, excluding Puntland and Georgia.

Georgia is potentially a company maker.

So if RHPS were concerned over "Puntland" I would think its more about profit taking.

And of course, this mornings drop was met with lots of buying...... wonder if anyone was lined up ready to snap up the cheap shares as the lemmings sold... ;)

na sdaq - 07 Jan 2011 18:47 - 48 of 5221

Pro

Suspect bulford missed out on recent rise and wasn't fully invested, I bet he is after today

Proselenes - 08 Jan 2011 01:06 - 49 of 5221

na sdaq,

I would not be surprised at all................ ;)

3 monkies - 08 Jan 2011 14:22 - 50 of 5221

In todays RHPS Magazine Bulford has sold. Probably a lot of his followers have sold but I am still hanging in take it your doing the same. Will be interesting on Monday to see how many more take his advice and sell!!!!!!!!

Proselenes - 08 Jan 2011 15:05 - 51 of 5221

3 monkies, that was all the selling on Friday..... RHPS has sold out. The moment they get the email link on Friday morning, all sold.

3 monkies - 10 Jan 2011 09:37 - 52 of 5221

Not everyone sold last Friday morning, has anybody seen todays news on Georgia. Any opinions what will happen now? - I am well down after Friday and this mornings sellings.

grannyboy - 10 Jan 2011 09:55 - 53 of 5221

3M your right looks like subcribers to RHPS are still selling all must of put sell orders in missing the RNS this morning.. sillybillys!!!!!!!!!!!!!!!

3 monkies - 10 Jan 2011 09:57 - 54 of 5221

Cheers Grannyboy, I take it you have still got faith!!!!!

na sdaq - 10 Jan 2011 09:59 - 55 of 5221

Pro

Any view on rns this morning.
Think those that missed the email on Friday are following through with sells.
Fwiw anything under 7.75 will be a good opportunity

grannyboy - 10 Jan 2011 10:18 - 56 of 5221

I do 3M fundamentaly nothings changed except for the farmout which in my opinion looks good??....

Proselenes - 10 Jan 2011 11:08 - 57 of 5221

nasd, they have derisked the drill, in terms of the financial impact on any failure. Always good for small companies to do such - cynic would be very happy with this "derisking and sell some off stuff".

3 monkies - 10 Jan 2011 11:36 - 58 of 5221

Hi Proselenes being a meagre female I don't know what derisked the drill means can you elaborate on that one for me please.

na sdaq - 10 Jan 2011 11:45 - 59 of 5221

3m

they havent got to find the cash to do the drills.

skinny - 10 Jan 2011 11:53 - 60 of 5221

De-risk.

3 monkies - 10 Jan 2011 12:05 - 61 of 5221

Cheers now I understand. Hope we do not have to wait years for them to recover. Down 0.95 at the moment ugh!!!!!!!!!

na sdaq - 10 Jan 2011 12:10 - 62 of 5221

with drilling imminent don't think it will take long to recover.
mainly the sheep following bulford who didnt action their email.

grannyboy - 11 Jan 2011 07:43 - 63 of 5221

RNS today RRL ups stake in East Cotton Valley.....

HARRYCAT - 11 Jan 2011 09:04 - 64 of 5221

RANGE INCREASES ITS STAKE IN THE EAST COTTON VALLEY PROSPECT TO 21.75%
Range Resources Limited is pleased to announce that it has acquired an additional 8.1875% working interest in its East Texas Cotton Valley project for a total of $148,000 in lease acquisition costs and an overriding royalty retained by the seller.

Range's participating interest in the shallow oil project now totals 21.75%. The acquisition represents an opportunistic additional investment in the prospect as Range and its partners prepare to spud the Ross 3H horizontal appraisal well in the coming weeks. The well will be the Company's first in the project area. The acquisition is expected to provide an immediate increase to the Company's oil reserves, such increase to be reported at a later date.

The Company's managing director Pete Landau added, "Increasing our interest in this shallow oil appraisal and development project just prior to spudding the next well makes good strategic sense for Range and adds oil reserves in a period of strong crude oil prices. Overall, the project is expected to be an excellent complement to our North Chapman Ranch interests and should result in additional production and cash flow in the near term."
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