.

I am reading (Elsewhere), that "Rig 8" has spudded?

Will there be some better news on the horizon!

perhaps it'll find potatoes which i understand would be a great step forward

Nice one.......Do they grow potatoes in Trinidad?

along with ganja

Well dc - I have not a clue what your diverse portfolio entails -what is more none of anybodys business - whatever you seem be diversed in, is making money so good luck.

Hi 3m, thanks. I got this one badly wrong. Going to drift south till we get news. I thought this share would atleast hold level with the sp so low. Wrong!!!!!!!!!

Wrong is not the word. Some clouds have a silver lining, my poor empty picture frame is getting cobwebs!!!!!!!!!!!!! Cannot see this turning into gold dust in the forseable future.

Need some news 3m.

Correct dc.

This has had more news than Prince Harry's wedding tackle, problem been, it's all bad!

Don't give in guys............Will take longer than we all anticipated, not helped by the leader of Range (PL), but he is a leader and we have to respect that or walk away!

I am sticking with it..........We just need to put the elaborate Christmas presents on hold this year.

Have a great holiday 3 m's..........Off to our abode En France on Friday for 10 days, need to take my mind off this share, and hope and pray for my other investments to come good…….I could open a bottle of champagne of course, that mite help!

Thanks Gerponville - you enjoy your break En France. More cheese, vin and sun I hope.

Thanks Gerponville - you enjoy your break En France. More cheese, vin and sun I hope.

Seems investors not taken by the TT prospects, still to many sells. Rmp on the gain
strange

Not that I have, but it appears we are falling from altitude without a qualified pilot?

I am sure "One Day" we will see this share recover......When, not a clue. For my insanity, I am sticking with it. I must be mad; the comforting thing is that I am not on my own.......Just less of us nowadays!

Africa oil presentation, worth a read

http://www.africaoilcorp.com/i/pdf/Aug2012Final.pdf

Interesting!!!

I have just copied this from another BB........Honest Peter? Timed at 12:57pm

I have just had a detailed email response from PL to 11 questions....out of fairness to everyone, please see the details below:

Peter
> I am one of the concerned posters, let me ask you 11 straightforward questions:.
>
> 1. Is it correct that Range pays you $300k per year for your services as Executive Director and an additional $300k for your consulting services to Doull (hope I have spelled that correctly)?
PL: Incorrect - only 300k

> 2. What additional services other than Ms Jane Flegg's role as Joint Company Secretary does OKAP provide to Range that warrants fees exceeding $1m per year - and what (if any) personal benefit do you receive from these fees?
PL: No direct personal benefit - Okap provides fully serviced offices in Perth, London, Dallas - full financial CFO, accountants, book keepers, company secretarial , investor and shareholder relations, in house legal, technical and corporate advisory (access to both dedicated and split staff of over 15) - the cost is far in excess of the fee hence why it is shared with other listed companies in certain areas - feel free to do a comparison of costs with similar companies

> 3. Why are Range directors fees and emoluments NOT related to performance metrics including profitability, dividend payments and sp performance?
PL: How would that change things given our real financial reward comes from the shares we hold and have paid for - again please do a comparison


> 4. What is the cash position of Range's Trinidad operation - are we creating positve free cash flow and if not, how long before we do?
PL: We already create free cash - it is all re-invested into new development (wells and waterflood)


> 5. It has been estimated that we have only $6M cash left - how do you see the company being financed ongoing without a major dilution?
PL: As announced It is called texas sale, debt and up front factoring of oil sales - we have numerous offers which will be finalised shortly (that is on debt and factoring) - texas offers scheduled (as announced) later this month

> 6. Has Range been through a prior consolidation exercise before in its history - if so, what was the material benefit to shareholders?
PL: Yes - allowed range to raise initial money ($25m) for puntland in 2007 - without it no institution would have invested - if the wells had come in i believe you wouldn't be asking the question

> 7. Given the Puntland dusters and the cost over-runs, what is the likelihood that Range or Rover will need to go to the market and or shareholders for cash to enable it to participate in any future Puntland campaigns?
PL: Too early to say - see q5

> 8. Please can you clarify the position and relationship between Range and Strait in Georgia and confirm when Range will benefit from income derived from Gas sales?
PL: Range owns 45% of strait plus priority cost recovery arrangements so yes it will benefit

9. Why has the company not engaged the services of Vialogy plc who have a stellar track record of accurately interpreting Seismic data to improve drill accuracy?
PL: Our technical team are aware of vialogy and it will be considered for current Georgia and Colombia programs - we have only done 1 other seismic program as operator and it wasn't put forward by the team

> 10. Did Range lend $2m to Continental Coal? If yes, why and when will it be repaid and with what benefit accruing to Range?
PL: Yes , settled and got 3x the interest rate that we would have got with cash at bank


> 11. A BB poster, claiming to be a Top 20 investor, asserts he had a private meeting with you very recently and solicited information and assurances that he intimated were not available to other shareholders. If this meeting did indeed take place, please will you share the full content of these discussions with all shareholders?
PL: Are you suggesting that every meeting I have with every shareholder (institutional , large or small retail ) - of which dozens (if not hundreds tak

Another good day NOT!!!!

It sounds like you have had a good day elsewhere. Pleased for you.

3m, I would highly recommend looking at the Chart Attack thread as there are some very good tips on there from people who are knowledgeable in chart analysis. I confess that I am still learning when it comes to TA, but have recently done very well on SKS & CLF. I only buy stock, not spreadbetting or CFD's at present and I tend to do my own research on companies, for better or worse. But in these tricky times I have tried to take a different approach, so stocks which are tagged as having a 'bullish trend' but have plenty of upside left have worked for me so far. Just a thought for trying something different as RRL is totally hopeless at present and I should have sold my stock ages ago. Fortunately only a small investment.