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Range Resources Ltd - One for 2011 (RRL)     

Proselenes - 10 Dec 2010 13:31

.

dreamcatcher - 23 Feb 2012 07:19 - 2781 of 5221

Hmmmmmm wonder how the market will take this. Ie no TT news, nothing on the Us launch.

dreamcatcher - 23 Feb 2012 07:30 - 2782 of 5221

The President of Puntland Abdirahman Mohamud Farole is at the meeting in London today, perhaps thats why the rns has been put out on Puntland incase of any slips.

dreamcatcher - 23 Feb 2012 07:47 - 2783 of 5221

Just seen that delayed whoooooper 1, 300,000 buy . Looks good

ptholden - 23 Feb 2012 08:25 - 2784 of 5221

Looks good and down 6%? I'd hate to see bad!

RRL have a quite extraordinary number of shares, options in circulation and they just keep on increasing that number. Unless they have a strike at Puntland I can see the SP halving in no time. Why do they need a drawdown facility when Trinidad should be providing cash flow and profit?

skinny - 23 Feb 2012 08:47 - 2785 of 5221

And there in lies the rub - share price down 9.6%!

goldfinger - 23 Feb 2012 08:49 - 2786 of 5221

RRL being harshly treated this
morning on Georgia. Its all about
PUNTLAND and its on track.

kimoldfield - 23 Feb 2012 09:22 - 2787 of 5221

"Drilling of the Shabeel-1 well is expected to be completed before the end of March and testing equipment is currently being mobilized to the site."

Just a thought, I know nothing of the way oilies work, but is it usual to go to the expense of mobilising testing equipment before it is known that there is oil present? Or do the company already know there is some goo there?

dreamcatcher - 23 Feb 2012 09:36 - 2788 of 5221

Range are not getting the news out, fot one reason or another. Leaves investors guessing are they holding news or infact having problems. Remember there are 300 staff employed for TT, a large wage bill. Peter L. needs to gear down and be more realistic with time frames. Not surprised whats happened this morning.

dreamcatcher - 23 Feb 2012 09:47 - 2789 of 5221

Recovering now.

dreamcatcher - 23 Feb 2012 09:59 - 2790 of 5221

Trouble with TT ptholden is a lot Of the wells are old and near to the end of life.
So Range should be drilling like f . No news so we do not know.

pumben - 23 Feb 2012 11:01 - 2791 of 5221

what I don't understand, this was an operations update, so why miss TT. could it be a delay due to the strike action bythe oil workers that was averted.

dreamcatcher - 23 Feb 2012 11:18 - 2792 of 5221

Hi pumben, I read on another site the strike did not affect the refineries the TT oil
was going too. 50% of me says the news is being kept back and 50% there is problems.

Balerboy - 23 Feb 2012 11:26 - 2793 of 5221

when you get to 65% on one or the other let me know.,.

dreamcatcher - 23 Feb 2012 11:28 - 2794 of 5221

Bb :-)) Just seems whats the word - strange.

dreamcatcher - 23 Feb 2012 13:03 - 2795 of 5221

Range have gone to a lot of trouble to withdraw 600 million shares and launch us in the states, for 12 pence . Again a not so brilliant rns put out (very odd) As this could have been a great RNS with all the news due included. I cannot believe Range as I said have gone to this trouble to give shares away at 12 pence. I cannot get my head around whats going on. We seem to tick along great until Mr L issues an RNS

dreamcatcher - 23 Feb 2012 13:06 - 2796 of 5221

Sold two thirds of my holding this morn. Held a million shares, Have kept 300,000.
Put the cash in XEL. Will return my investment when things become clear in Range as we seem in thick fog at the moment.

3 monkies - 23 Feb 2012 13:20 - 2797 of 5221

Oh! well I never thought I would hear you say that DC. Thought we were in pea soup last year!!!!! Fog at the moment. You still hold a considerable amount more than myself. Good luck with XEL.

HARRYCAT - 23 Feb 2012 13:20 - 2798 of 5221

No wonder you are following this one so closely, dc! £100,000 + in a tiddler like this.........????

dreamcatcher - 23 Feb 2012 13:29 - 2799 of 5221

Just watching other shares move, getting frustrating. Like I say still have a good holding here. Hi 3 monkies, you have not got rid of me . No good keep moaning about a share, move on as they say.

kimoldfield - 23 Feb 2012 16:02 - 2800 of 5221

Well done DC, a brave but correct decision! I have now sold my XEL just in case.......no, only kidding!
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