.

What beats me on this share sp, is that the share price is easily worth 10p a share........Even with the disappointment thus far on the "Puntland" drill. Trinidad is where the real value for Range!

FoxDavies Daily Monitor - Range Resources, Red Emperor and Gulf Keystone Petroleum
Monday, July 23, 2012
Range Resources (RRL LN, 4.75p, ▼ 28.4%) & Red Emperor (RMP LN, 8.25p, ▼ 61.6%) The news that the mini well test has flowed water opposed to oil is certainly a disappointment, but not yet the killer that it sounds like it is; it must be remembered that the target horizons are significantly deeper and drilling will now continue to these deeper target horizons. So, while this news is disappointing, it is not yet a "kill" for the exploration well. We are still maintaining our BUY recommendations on the stocks - especially given the prospective "appraisal" CBM acreage in Georgia, and in respect of Range Resources its Trinidadian operations - and retain Target Prices of 27p for Range Resources and 65p for Red Emperor.




Read more: http://www.oilvoice.com/n/FoxDavies_Daily_Monitor_Range_Resources_Red_Emperor_and_Gulf_Keystone_Petroleum/50bc45098202.aspx#ixzz21SorSz4L

G, thats whats got up PLs nose.

Should I say it, I am beginning to laugh at FD with the company valuation of target price of 27p. Like when.

I would have 27p above 10p anyway.........Frustrating.

Ah well, if there is oil in the "Puntland well"..........27p will easily be achieved.........Now back to my dream?

Whats your dream G. ?

Oil and Gas.......Seems to dominate my dreams at present!

G. Do we get our 5 million dollars back for the runway we paid for. Something is not
adding up in my head.? With all the interested governments and the news over the last year or so.

Getting money back......What in this part of the world.....Guess not!

Question for you Guy's:

If the Shares are to be consolidated 20 to 1...........Would one buy shares at the current price?

I Would not advise you, this may well work or may not. Investors do not seem to like the word consolidate. I do not sit comfortable with it. PL in my view has purchased assets at a rate of knots, hence 2.5 billion shares. Just wonder now will consolidation
happen then more shares issued to fund drilling. Sadly a long way off what I researched into the company.

When I say '' I would not advise you'' I mean on advice not on the purchase of shares.

Not the May West - could have used a stronger quip but had to remember I am female. Why did we not get out when the going was good eh!!!! Too late now for quite some time I would imagine. Just another disaster for the moment eh?

Perhaps greed 3m. :-)) sorry wrong face :-((

Horn holding at -44%

At least we are still alive DC and not in the funeral parlour!!! The more we worry the more chance we will get there before our time.

You have just reminded me must check on that funeral share I looked at a while back.
Only joking. Looks like the world has got ahead of its self on this one.

Its going to be very interesting news on the future of Puntland for Range and partners.
If they were counting on this well to cover perhaps the not so good result of the first.
Not to say testing the first well and ongoing drilling on this one will come up trumps.

Hope to try to make you laugh DC - after finding my friends husband dead a week last Sun. funeral this Wed. I have spent my morning looking at biodegradable coffins obviously for myself thinking how ridiculous all this is and expense - my other friend not of the reccent deceased was horrified - my neice who is going to inherit most of my estate thought it was a wonderful idea - surprise surprise surprise. They might get a bigger shock in all eventualities more than we have we rrl - come on and laugh. Stop worrying, we cannot take it with us hahaha!!! The whole of the stock market has suffered today.

Sorry to hear that 3m. Just going for a dog walk. More to cool down.

Just made a big mistake and gone into my halifax sharedealing accoun -77.49% how good is that? What a wonderful portfolio not. Wish I hadn't bothered so near to bed time. Hope you cooled down DC.

Not looking at mine.