forget_it_again
23 Jan 2018
Re: Where are we now? Why so gloomy?? [link] I direct you to the 5 year chart of this share
middler2
22 Jan 2018
Re: Where are we now? Why so gloomy?? From the oil man - Malcolm Graham-Wood. I presume he might be better informed than us.A trading update from Range (RRL) who have had a busy year, and I would imagine are planning to settle down and deliver on promises made in the past. Today's trading update is very much a step in the right direction as they reveal that the recent well at Beach Marcelle is on production at a stabilised rate of 120 barrels per day on a restricted choke of 5/32″.They also say that the waterflood programme is showing a 'positive trend' with 40% of current production coming from it at 240 barrels per day. Average production in the last quarter was 629 barrels per day with peak at the end of December of 703 barrels per day.With an active programme planned this year and increased opportunities from the RRDSL rig acquisition, as well as from Indonesia, Range looks in a much more stable position than for some time.
Shareshopper1
21 Jan 2018
Re: Where are we now? Hi guys. Hope you are all well.Today is the first time I've looked in after selling for fear of seeing a spike since then. It turns out to be a bitter sweet experience to see that so far my decision has work out reasonably well but also to see that some of you are still taking more of the same.It's not been an easy time since selling having initially made a few 'bad calls whilst finding my trading feet again. The upside has been that I escaped with £1800 and my pf now stands at £2400 so pleased with that. The 2 keys points that have served me well is to split my pf into min 6 plays and also take some profit on any rises. Gone are the days of watching a share rise 25% or more only to do nothing and see it melt away lol.Can't tell you how focused I am now when investing but obviously mistakes are inevitable.Being free of the rrl incompetence shackles has been totally liberating and I'm really enjoying the markets now. My confidence is slowly returning also which is good.What can I say about the future here other than I hope it comes good for all of you. It might just do that who knows? All I new was that rrl was destroying me in many ways and finally decided it was time to fight for my survival.Atb to you and if you guys don't mind I'll drop by from time to time to say hello. Stay well.
Marshsi
20 Jan 2018
Re: Where are we now? Wasting you time asking Howard. You will get no or little response. Same questions have been asked of him before and we only ever hear the same record played. Nothing to lose Howard? In your case its well over £30,000 i believe. Thats the harsh facts and the truth is no one is going to get back their huge losses, me included. Ridiculously i still cannot sell as my shares have still disappeared from my portfolio. Can you believe some are still buying more to bring their average down!!(or are being paid to post this)
Punilux
20 Jan 2018
Re: Where are we now? This is a genuine question, not a suggestion.How are Range able to continue to trade when they look to be insolvent?Their production does not appear to cover the interest on their debts, payable at 6-8%.They will need to borrow a lot of money to drill any deeper - Who is going to lend them anything when the will be at the back of a queue that is between $80M and $60M long and the latest gamble has a very limited chance of success. It seems that my teeny-weeny company, with no debt and a far better record regarding losses, could get a better deal from lenders , despite the fact that I know nothing about oil and my knowledge of T&T is based on being on holiday there.How have they managed to have $200M to lose over the last few years? Who has "written off" the remaining $120M after the present debt of $80M has been deducted ?Would I be correct in suggesting that some shareholders knew/ know more about this company's prospects than others, and might have acted accordingly?
alansugareatyourheartout
20 Jan 2018
Re: Where are we now? "BUT still think we will come good eventually??"Hi Howard, apart from just hope, why do you think they will come good, from my point of view, 99%+ drop in share price, 80m dept, over 200m losses on the p&l in half a decade, have advocated 1000bpd and missed that target for years, will never be able to pay back the 80m without refinancing, 7.6b shares now in issue, historical misinformation or lack of information, it's an AIM investment, directors continuing to be well remunerated regardless of forward, backwards or stagnent progress.You say time will tell is selling was a good move out of suspension, of course it was a good move, he has saved himself a 50% drop, whether he missed a pump and dump in the future is another question.Apart from optimism, why do you think this will come good? This is a question for Howard, I'm genuinely interested. I've been here for years, sold out years ago, continue to look for an entry point, and now the only entry I see is a 100% gamble.
Howard34
19 Jan 2018
Where are we now? Seems that the sp is going from bad to worse, and had thought that Shareshopper made a big mistake in selling up, BUT currently looks as if he made a good call, BUT time will tell.However, although feeling 100% bombed out with the current sp I am in until the end which reluctantly I ambegínning to think is perhaps this year, BUT I will be holding FIRM until the end, ie "Do or Die" BUT still think we will come good eventually??Nothing to lose from here, so HOLD until we make good, BUT that´s just imop so make your own call/decision?Sincere GLA
Investor_Tester
19 Jan 2018
Re: Q Wow aka dolly. ..that's quite a positive response from you.I was underwhelmed like the majority here.No wonder sp dropped ...was nothing to shout about on the qa or any positive progressWaterloo is so key for us and a catalyst for taking the sp higher. But we at mercy of more and more approvals and infrastructure. ..Patience is wearing thin hear and in the absence of production news...the board need to get creative to raise pr big time hear of they want their largest shareholders to get anything near their money back at 0.8p
alansugareatyourheartout
19 Jan 2018
Ah well Just need a good old 100% rise to get back to suspension prices.Just had a look at some of the historic results, $200m losses from 2011 to 2015, currently 80m in debt, a market cap of <£14m using the above share price.This machine has just been, and continues, to be used as a nice little vehicle to take money from investors and pay it to the directors. "judge me by christmas " he said, well there goes another one.Down c. 99.25% from 24p.
akaDolly
18 Jan 2018
Q & A for those that havent seen it [link] thought it was a really good Q & A, answered my questions, but then I asked a good few of those questions listed.Everyone knows that they cannot answer questions that will affect the sp so they have done the best they can do. I found the answers interesting.Those that didnt think it was of much use, did you ask any questions in the first place?It is good to see they are actively marketing RRDSL and that they will inform the market when they secure new contracts. I am surprised by that, I thought that would be confidential to their clients. It all adds up to value added for this company though and is therefore of interest to shareholdersAlso, they are in discussions in Trinidad and Latin America. Does that mean they are actively seeking work in Latin America for the near future, rather than just talking about it?Q14 The venture in Indonesia, I remember seeing that they were setting up an oilfield service company. I note they say "potentially" for Perlak field. This would appear that this is not primarily for Perlak and our new jv . That is interesting, yet adds more questions. Is this going to be a new subsidiary? A totally new company? Does this potential new oilfield services company consist of new rigs for example, who will put up the funds for this. What value, if any, will it add to RRLIt puts an end to some issues. There will not be a name change. Sir Sam Jonah got his money so that is not still hanging around on the books. They will not be chasing Mr L. Leaves a couple still not open, not forum appropriate questionsConsolidation, I sort of expected it sooner rather than later. The comments on the Q&A suggest to me that is not the case. I base that on the fact that it will require shareholder approval, and that will require an AGM. They already state (re name change) that this entails considerable expense and they prefer to spend the money on other prioritiesAs I say, really good Q & A
pb999
18 Jan 2018
Re: Blue Too late, 
pb999
18 Jan 2018
Blue Blue! quick sell.......
Jargon Buster
17 Jan 2018
Re: Bring Back Celtic It was a very high octane board before, too intense for me. A share should never become your religion and if you fall into that trap you should sell it. The only way to make a profit is to take the emotion out of buying and selling.Passion will only make you poorer.
akaDolly
17 Jan 2018
Re: Bring Back Celtic >Some say the fairies took him...it wasnt the fairies wot got him, it was the trxlls
pb999
17 Jan 2018
Re: Bring Back Celtic Oh it is, it is. He is plying his trade over at LSE share chat, reliving old arguments and paranoia. Himself and some others were booted off here for not playing nicely in the sand pit. I prefer the change myself, others miss him.
