Proselenes
- 10 Dec 2010 13:31
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dreamcatcher
- 11 Sep 2012 17:03
- 5021 of 5221
I suspect cash is the problem.
dreamcatcher
- 11 Sep 2012 17:05
- 5022 of 5221
Perhaps del boy is bottling the water. Puntland springs water.
Gerponville18
- 11 Sep 2012 17:06
- 5023 of 5221
Well I have herd worse news this week........My other shareholdings...........I need a pick-me-up, that's for sure.
Anyway, onwards and UPWARDS!!!!!!!
dreamcatcher
- 11 Sep 2012 17:07
- 5024 of 5221
I see Horn are up 46% as you say G.
dreamcatcher
- 11 Sep 2012 17:10
- 5025 of 5221
Could be a big twist in this one, now the elections are out the way. Very interestig
Gerponville18
- 11 Sep 2012 17:16
- 5026 of 5221
Pure speculation I feel......Horn now dropping........Which we are accustomed too!
dreamcatcher
- 11 Sep 2012 17:17
- 5027 of 5221
Alot of guessing going on G. Strange that Range did not move.
dreamcatcher
- 11 Sep 2012 17:40
- 5028 of 5221
Range Resources receives A$0.26 price target from UK broker Old Park Lane Capital
Tuesday, September 11, 2012 by Proactive Investors
Impressive flow rates from Range Resources’ recently completed QUN 130 well on the Morne Diablo field has prompted UK broker Old Park Lane Capital to issue a share price target of A$0.26, over three times the company’s last traded share price of $0.077. Range Resources’ (ASX: RRS) has received a BUY recommendation and a A$0.26 share price target, over three times the company’s last traded share price of $0.077, from Old Park Lane Capital following success on the recently completed QUN 130 well on the Morne Diablo field.
The following is a copy of the report.
Range announced very impressive flow rates from the recently completed QUN 130 well on the Morne Diablo field.
The well probed the highly promising Lower Forest sands where the company is concentrating its current programme of drilling and testing activities on a further four wells.
- The QUN 130 well encountered a well developed pay zone at 1,210-1,290 feet and two additional pay zones at shallower horizons.
Subsequent production testing flowed 170 bopd on a 6/32” choke before being opened up to 8/32” to flow approximately 330 bopd. The well was choked back due to high pressures and production stabilised at an impressive 150 bopd.
- QUN 130 is very encouraging not only with regards to flow rates but the well also indicates a new extended Lower Forest oil zone below 1,000 feet.
This play is believed to transition into the productive Upper Cruse sands. The QUN 132 well, which reached a target depth of 1,000 feet, is now being deepened in order to target the productive sands that were encountered in QUN 130.
- QUN 134 was spudded over the weekend and is targeting the eastward extension of the Lower Forest trend.
QUN 131 has also been perforated and is now under test. Work was also completed on the perforation of the remaining Lower Forest sands in an older well, QUN 97 and the well initially produced over 60 bopd. QUN 97 is now on stabilised production of c.30 bopd.
- Range is now looking at the potential to re-enter a number of older wells in the proximity of the western end of the newer Lower Forest development wells in order to deepen them and test the Lower Forest sandstone trend that the company has recently identified.
- Range has now also spudded the MD 248 well using rig 8 to target the Middle Cruse sands at 4,000 feet in addition to the Lower Cruse horizon at target depth of 6,500 feet.
This is Range’s first well to target both formations and a successful outcome could accelerate production growth from the Morne Diablo field substantially. The well is expected to take between six to eight weeks to drill.
With four drilling rigs in operation and two more expected to join the fray within two months, Range continues to gather momentum in Trinidad.
This progress could be accelerated further when the results of the MD 248 well, which is targeting considerably deeper formations, are known within the next eight weeks.
dreamcatcher
- 11 Sep 2012 18:01
- 5029 of 5221
Horn up 58%
3 monkies
- 11 Sep 2012 18:23
- 5030 of 5221
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.
dreamcatcher
- 11 Sep 2012 18:30
- 5031 of 5221
Have a good one 3m
dreamcatcher
- 11 Sep 2012 18:48
- 5032 of 5221
Horn now up 64%
dreamcatcher
- 11 Sep 2012 19:13
- 5033 of 5221
Horn up 70%
kimoldfield
- 12 Sep 2012 07:22
- 5034 of 5221
RRL down 7.32% in Oz. A$0.076. A bit of a climb to get to A$26!
Gerponville18
- 12 Sep 2012 07:44
- 5035 of 5221
We used to seeing RRL going South, so no great shocks there!
I am sure things will come to light during early trading?
Gerponville18
- 12 Sep 2012 09:26
- 5036 of 5221
Red Emperor is heading fast up-North...........The Chinese are moving in I believe………That’s what the BB’s are discussing?
hutchins
- 12 Sep 2012 10:25
- 5037 of 5221
Or is the price moving because there is a new president in Somalia?
dreamcatcher
- 12 Sep 2012 15:23
- 5038 of 5221
Just wonder if Horn is being pumped for a placement.
Gerponville18
- 13 Sep 2012 12:37
- 5039 of 5221
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!
dreamcatcher
- 13 Sep 2012 16:56
- 5040 of 5221
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.