.

No doubt the oil is there, its just finding it and the cost that goes with it.
I hope PL segregates Puntland before the Nugal drill, otherwise we are going to be like this for months. Dont know who is picking up the bill for the time delay on these drills ?

Horn down 4.76%

Oh well only another few days of pain left - personally they should forget the next well and focus all efforts into Trinidad. 3 days of fall leaves little hope !

Someone should ask at the next Q&A session how much the extra drilling did cost.

They should have used Viology's technology to find the oily stuff!

That's the one! :o)

I thought they crossed when oil is found ?

No, then it's your fingers DC!

Precogz Daily Forecast 16/08/2012
By Precogz | Thu, 16/08/2012 - 00:15 LSE:RRL - Range Res. - Close Mid-Price, 4.96p. PrevHigh: 5.35p. PrevLow: 4.92p.

There's something a bit odd happening with price movements on RRL. Generally, we tend to be fairly comfortable we understand what we're viewing but in Range's case, some of the twitches utterly fail to make any sense. As an instance, the drop in the closing 15 minutes yesterday should ordinarily be taken as a signal for a visit toward 4.6 next but the implication was reversed two minutes before the closing bell. It failed to reach upper target of 5.5p yesterday but should the price move above just 5.13 today, it re-enters the track toward 5.5p Our suspicion is it's being held in a tight pattern, doubtless awaiting an important announcement of some sort. ***






http://www.iii.co.uk/news-opinion/precogz/precogz-daily-forecast-16082012

No really !!

A lot of investors buying in today

Horn up 6.56%

Or down 80% ... depends what date you look at !

Going to go right up to the 20th without news, without anyone being any wiser.
Lots of rumours without the rns's.

Horn not giving anything away tonight.

The two drills have been handled lets say very strange/ odd. We have PL stating a week or more ago that they are drilling in the wrong location. I tend to think they know what they are dealing with and if we have dusters, why was the towel not thrown in weeks ago ? (saving a fortune). We have been in a news black out for weeks,
so how is the sp ever going to react.
Then if on the 20th we go in the other direction and get news of a strike, I tend to think news has been with held.

Can't comment DC.

Not long to wait now 3m

Could it be desperation ! Btw I still want RRL to succeed but it's been so frustrating !!!!

How about selling our 20% to Horn or RMP. How do you put put a price on the sale with at the moment no oil. Just an idea. Very little news from range on anything. What about rig 8 for TT. Or the for sale sign on Texas.