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Horn up 58%

Hi Kim, I couldn't use any clothes that have been in a suitcase since July 4 years ago -they would have probably have been moth eaten like my portfolio - however starting to get things out and getting excited at long last. Leave the prison walls at around 5.00 a.m. Friday woshhhhhhhhhhhh then this bird will be gone - Hopefully. Cannot see any excitement here on rrl or anything else I have for quite some time GL to you and all in the meantime.

Have a good one 3m

Horn now up 64%

Horn up 70%

RRL down 7.32% in Oz. A$0.076. A bit of a climb to get to A$26!

We used to seeing RRL going South, so no great shocks there!

I am sure things will come to light during early trading?

Red Emperor is heading fast up-North...........The Chinese are moving in I believe………That’s what the BB’s are discussing?

Or is the price moving because there is a new president in Somalia?

Just wonder if Horn is being pumped for a placement.

Seems to have stalled......Blinking Range........Still got high hopes on this company though, especially when all those wells are drill and extracting the black "GOLD"?

Anyway, question for you Dreamcatcher............Argos Resources; I am not trying to "Ramp" here, but my broker is stating that money is being drip fed from hedge funds; this is not happening today I have to say, but last Thursday and Friday was a big buying day(s)?

Maybe we need to start a Thread, what do you think/heard? I am thinking of buying some, currently they are 22p……..Just looking for opinions!

Sorry G been out this aft. I see there is a thread for AR. Dont know much about them .
I have not done very well in oil . Been in XTR/SOU - say know more. At the moment
I have RRL/XEL /RMP/ Edge resources . Getting concerned with Tangiers petroleum as time is slipping and we have had no real news since they launched on the aim in Feb.
Markymark will be your man to ask about Argos resources, he is on that thread.

A very late RNS - INVESTOR Q&A

http://www.rangeresources.com.au/fileadmin/user_upload/asx/Investor_QA_Final.pdf

Nothing new - Hence putting it out an hour after close. These Q & A's are a waste of time imho

Thanks to Wrighty 6 on ii


Now a long term play Wrighty6




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So it's confirmed...

Rig on the way out
HRN out of cash
New JV partner required
Seismics to be done
Punty to be spun out for RRL

All of this takes a lot of time

Nothing will happen here until 2014. All of the above will take a 1 year then they'll kick off drilling

Landau said '2 wells should be drilled in the next 12-18 months' - that's a year to sort out the corporate and 2 x 30 days for the wells

Simple choice now - sell up if you see opportunity elsewhere or accept a long term hold. Moaning about this and that and analysing the sp daily will drive you insane

Overall I am quite disappointed, as we all hoped for so much, but at least we now know where we stand. No more silly talk of the rig remaining in country and Nugaal spudding next month etc. I hope others find cold comfort from the reality

Commercial oil will be discovered in Puntland and we'll be the first to find it - it's just going to take longer than we all thought


All the best

Where did everyone go?

We are still around.......Not much happening!!!

However, I have listened to the interview with Peter Landau.......Straight talking CEO is an understatement..........I think he has a few more friends now though.

Should start to see RNS's flowing through from now to Christmas, initially the Trinidad drills. All good news I feel, plus the sale of Texas oil field, all should stimulate the SP hopefully?

Listen to the interview.......See what you all think.....If you are all "out there".....Hellooooooooooooooo!

http://soundcloud.com/hoopoe01/pete-landau-interview%C2%A0

I listened and agree that he was upbeat, as ever. We need some results on Trinidad and Texas and show that revenues are flowing in the right direction to push the SP north.

Annual report ended 30th June

http://www.asx.com.au/asxpdf/20121001/pdf/4292jc2hpc6vv1.pdf

Range Resources fully committed to Trinidad
8:53 am by Philip Whiterow The sale of Range’s Texas interests should complete this year, which will allow it to increase its exploration activity in Colombia.
Range Resources’(LON:RRL ASX:RRS) is planning an aggressive development plan for its assets in Trinidad to boost output up to 8,000 barrels per day by 2014.

Production from Trinidad has become the primary focus of Range's operational objectives, it said.

“The company's commitment to its Trinidad operations with respect to financial, drilling and human resource cannot be understated,” executive director Peter Landau said.

“The proposed changes to both existing and 'new well' fiscal terms has further incentivized Range to increase its efforts to ensure that it materially capitalizes on any proposed fiscal changes that may arise,” he added.

Range's work programme through to 30 June 2013 comprises over 40 wells in Trinidad including up to four deeper Herrera exploration targets.

Elsewhere, Landau said Range will continue to fund and drive its Puntland interests either in its current form or through a spin-out vehicle that shareholders will participate in through a capital distribution.

In Georgia, he said Range’s key priorities are to secure a strategic partner in the Tkibuli CBM project and complete the current seismic program on both blocks VIa and VIb.

“These two milestones should pave the way for the company to attract a farm in partner/s of note to assist with the exploration and development efforts in Georgia,” Landau said.

The sale of Range’s Texas interests should complete this year, which will allow it to increase its exploration activity in Colombia.

At least one well and the 3D seismic program will be completed on the Putamayo blocks in Colombia over the coming 12 months said Landau.