.

Naaaahhhh.....RRL is the one to be in....I'm in both but due to risk more in Range Resources than the Red Emperor....

Not good for range holders, money pouring into RMP.

Are you in this one ?.....I would have thought that it was the most sensible of the two....am in both.....

I Will just check. No . With all the posting Ive done over the last year, you bet I am.
Range will have its day. Could only be a week or so from the next pay zone. :-))

Fingers crossed...would be fantastic for us if this comes right !....

Just would of been nice to see this with a steady rise. If we hit it looks like BOOOOOOOOOOOOOOOOM

Range not moving :-((

It will sooner or later....we are a long way from even the first well being completed...months to go yet....boy !...wait till the herd get going on this....

Agree rf

A watched pot never boils..... :-)

boils need lancing!

Hi guys. Bit strange it isn't moving up in sympathy with RMP..maybe an element of switching into RMP from RRL going on. I am in both, much more in RRL as I like the broader spread of business.

Lancing.....that's down in Sussex isn't it?

or Canada :))

My oppinion for what it's worth - thanks to Mikeulike 29




Afternoon all,
I have a theory as to why we are really struggling to break 13.5p
I've been running the calcs and I'm pretty sure I have things right so I will try to explain.

I now very much believe Range is purely being valued upon the oil in ground price of about $11 / Bbl for the bookable reserves in Trinidad and Texas only!

This is why our SP is not rising!
Puntland has not yet been proven, evaluated and underwriten by any reputable body and until that happens the ii's will be staying well clear of further investment. They do not need to gamble as we PI's do because they get news before it hit's the market so will get in and make their money regardless on good news.

Anyway, we are being told that the block currently being drilled is expected to yield around about 300 MBbl's of oil which would mean RRL is in line for about 60MBbls of 'Oil In Ground'.
This is where I think many are getting deluded.
At most OIG for this area would be about $6 / Bbl.
It's only when it is recovered that the full price is ever seen.

A proven oil strike of this size would pur approx 11.5p on to our SP!
Not really what we had been looking for but still not bad news.
PL has always said that Puntland would be proven up and then sold on.
Hopefully by this point we will have a lot more bookable reserves in Puntland. Even if we were only to get the estimated 120 MBbls from the currentl two sites things would look pretty good as a sale price of OIG can be as high as £15 / Bbl these days which would give us approx 85p / share for Puntland alone.

As for Texas...I think some on here are also mistaking raises in production figures for raises in reserves.
I currently forecast that Texas would fetch between 180 and 200 million pounds. more than enough to buy back a quarter of shares in issue and have some cash left over for operations.
This would offer the best value for most of us and would encourage investors who are at present concerned about investing in a company with so many shares in issue.

Ok...All the above is just my take on the situation however the figures do add up.
I really do hope the RRL SP goes balistic because I only hold here now but for me this is not an overnight get rich play. real value will only ever be released in the sale of assets or the company as a whole.
That's how much I believe in Range!

regards
Mikeulike

P.s. Please don't let the short term SP lack of movement dismay you.
You are either an investor and will have to wait for your day or a trader and will be loving the current swings

Looks like $9 for x amount of units. The US up 18%

http://www.otcmarkets.com/stock/RGRYD/quote

Wait for answers then see the rise Thanks to DiamondDon 16 another view



A lot of concern over the lack of share price movement, understandable, given the enormity of the projects we are involved in.

However, if you look at all the projects objectively, you will see exactly why RRL is not moving - unanswered questions.

Texas: "Work is *currently underway*" (ie not complete); "Range *estimates* that over 80% of the
... Howell Hight reservoir falls into the Proved and Probable (2P) category" (ie guesswork); "Range *estimates* that its net production and cash flow from the project will increase by more than
200%" (ie more guesswork).

Trinidad: "490% Upgrade of Proved (P1) Reserves" and "Range, through its wholly owned subsidiary Los Bajos Oil Limited will seek all necessary approvals to commence development in early 2012" (ie await further approval and progress)

Puntland: "Determination of the quality of the reservoir and prospectivity of any potential oil bearing intervals cannot be determined" (ie await tests)

Georgia: "Range would also like to announce that ... the Joint Venture has taken the decision to delay mobilisation" (ie await further progress)

Answer all the questions above and "Bingo", we move. Until then, sit tight and await greatness.

(If this is all news to you, why are you invested here?)

If we had half the amount of projects, and a 5th of the market cap, I expect we'd be displaying 8-10% gains right now in anticipation of Puntland, however we are where we are, and it's no secret or surprise.

I don't know what to believe regarding the 'manipulation theory', it could be PL has shot us all in the foot trying to be clever, or he is actually the clever one, we're all impatient, and all will be revealed shortly (ie a rumoured "Masterstroke"!).

I don't believe for a second, however, that the BoD are resting on their laurels at a meagre £300m mcap.

More than happy to be sitting at 13p, rather than the terrible single figure turture from the not-too-distant past. I've done my research, happy with my positions, and looking forward to a great year despite all the global uncertainty.

cheers
DD

US - 0.19c was the closing price of ONE share. The ADR unit is a batch of 40 shares, therefore 0.19c x 40=7.60.

7.60 up to 9.00 an increase of 18.2% .

Horn up 7.92% on Friday.

http://tmx.quotemedia.com/quote.php?qm_symbol=HRN

http://www.petroleumafrica.com/en/newsarticle.php?NewsID=13178