Range Resources

*are not out of the champions league. I also have to now check my typing as there are too many errors. Short version = RRL < 25p and Arsenal FC not in the champions league this time next year evens money. No stupid money MT.

are out. I give up.

what you going on about?

stupid money??

the markets are farcical now dude. there are a lot of oilies trading well below sensible valuations based on P1 (or P2) resources.

Trinidad is worth more than the current market cap based on P1 reserves.  I can't see how the market can assign no value to texas which also has P1 reserves and will be upgrading some of the other categories soon.

I'm pretty sure it will be over 25p this time next year though - don't forget each herrera target is worth probably ~20p ish and there are quite a few of those. Need the patience of a saint on this one though.

Getting quite frustrated with CHAR, HER, CAD, GKP, etc etc now.

her is terrible. 0.021 think now my max upside is getting out even.

I'm not one of the under 4p brigade with RRL so I have been doing my best to reduce my average. Positive slant on a paperloss I know. As far the garbage above, please ignore. Total blame lies with rum and crabbies ginger beer obviously. Going to leave that drink for summer holiday times only

ttt, thoughts from any of the forum shrewdies on range

yes, get on them and RMP. puntland is looking very very good, and it looks like they are going to hit a massive zone of oil. I have included RMP as they are like a leveraged version of range on puntland assets. I personally have a 3:1 ratio of RRL:RMP but it depends on your risk profile (RRL is the safer company but if things go well in puntland you will make way more in RMP). RRL also have trinidad update soon which is a nice little earner.

cant be bothered to reply to you in all those threads gresty. the ones i have high hopes for in the next few months are

GKP (nuff said)

CHAR (just secured a rig to start drilling next month, and got 4 other drills this year. billion barrel targets. this could potentially be huge. massive multibagger if they find anything. I like the chances as all the majors want to farm into their assets who are no mugs. definitely my top pick.

RRL/RMP

CAD

SNRP - could be massive long term. just about to start exporting their first coal, and already found 250 million tonnes from 5% of the license area.

HER

Selling Texas as well Whippet. Whilst my original post has a way to go I'm still ahead with Range and more than 220% ahead with RMP. Just a shame Cadogan is still wiping its feet on the blocks. Orogen was always a long one.

hopefully cad will do something in april. got to think though that the ceo, the new coo and the two new 10% shareholders wouldn't be messing about in a minnow if there wasn't something big about to happen. so I'm confident.

told you to get into CHAR btw didn't I? back at 120p ish I think. Didn't you say africa was too risky for you? BP are looking at assets in Namibia now btw, so if its good enough for them I reckon its good enough for us mugs. Dont think you can go that wrong seeing what the majors are doing, that's the only reason I bought into GKP and that turned out nicely.

Whippet 11 Mar 12 12:40 
cant be bothered to reply to you in all those threads gresty. the ones i have high hopes for in the next few months are



Come on mate, you can at least "cut & paste" something that you found on their websites to make your post credible. You know, all the "secret" information and "in-depth" analysis that.......wait for it.....the market hasn't priced-in yet.

And you may want to throw in a "FTSE to 7000" in there too to seal the deal.





Oh, and yes, no post of yours would be complete without publicly w******* yourself ****** benny the clown's *******.

cheers whippet & banwana i appreciate the replies

looking quite good. rmp is looking ridiculously strong, any other company issuing that "we are aware of no reason for the recent rise" rns would have plummeted 50%. can't be that long till news on it. the rumour at the moment is they started wirelogging the main zone and there is loads of oil there. and it's more like 4 billion barrels with the size of oil columns theyve found so far.

http://www.africaoilcorp.com/i/pdf/AOI_May_2012.pdf

latest AOI presentation. Puntland drill being called a "significant oil discovery". exciting times. glad I bought more rmp on friday at 27p.

Weekend. Wouldn't. etc etc

My average for RMP is 15p so I'm happy, RRL closer to 12 so a bit to go. I don't think I will be selling RRL for at least 2 years, RMP 2 months? Who knows. I do laugh at the LSE investors chat about helping the Somalian people. Jesus Christ.

rrl looks like a great medium-long term investment. will probably take a couple of years to realise full value. RMP will undoubtedly get sold before that as the plan for puntland has always been to find oil then sell out to the majors to produce it. I'll probably dip in and out of RMP. Pretty sure I will sell before the inevitable dip before they finish shabeel north and pile into chariot in the mean time.

africa oil looks like a great investment too. shame I missed getting in at $2 earlier this year. but even at $8 it doesn't seem bad, could easily hit $50 in a few years. africa is definitely the place to be at the moment imo. better get into chariot before it is too late.

Might leave chariot for a bit.

DOH!

it's all going wrong.

in grand scheme of things don't think puntland results were terrible. it is just the market was expecting a lot, lot more. will see what happens when they finally test what is there.

think 7p is a cracking price but could easily get cheaper with the eurozone saga continuing.

Patience of a saint required sometimes. I will be adding a cheeky buy of around 12p on Monday of RMP.

i'm gonna p!ss up the wall the rest of my hard earned while i've still got some left

Good choice...!

True, not my personal best choice. Having to mess about with RMP to try and cover my average here. Another emotionally connected continued buy for me. At least my average is better :(

been a bit of a disaster over the past few months, but I'm actually in profit again somehow thanks to well timed buys of rmp (15.75p) and char (80p). have a bit of rrl but not loads.

I think it is just about hanging in there at the moment with the small caps and topping up on any value (there is a bucket load around).

I am looking for mid to long term funding and safe geopolitical environments for my small cap stocks at the moment.

I have one which is an absolute stonker but don't want to mention it here.

I would love to know...can you PM it me please?

sent

ah well, i've written my money off on these now, sadly it's got to the stage now that when i check the price i want to see it down .....anyway roll on 4p so i can cream my pants

bvgger now i want them to go down they start going up i just can't win

4.25p now that didn't take long now roll on 3p so i can double cream

Is the whole story being told in Puntland? I don't think we're getting all the information (I hope!).
I bought 6K at 9.27p in RMP this morning. It has put me off Hargreaves tho, I couldn't get a price for about 25 minutes.

"Double cream" what does that  mean for a naive and virgin?

touched 4.175p this morning, treble cream

we are now below 4p.......right i'm not going to look at these for a few months as it's rather depressing.....wonder if they'll hit a penny

hello again 2.9p

2.65p not long now we'll soon be worth fvkc all

2.26p soon be a penny a share.... roll on

well done range down to 1.96p now, lets see if we can get below a penny for xmas

touched 1.76 today ....hoping for 1.5 before i set off on my travels

1.51 already hoping for sub 1p now before my travels in this dog sh!te share

i'd like to say it has been a roller coaster ride with range but all it's ever done since i bought it is go down, i bought near the peak and am now heading for the trough... please please put me out of my misery with this dog sh!te share

I have 200,000 of these bad boys. Average under 3p so I am not too distressed. Feels a bit like punting on Liverpool at half time vs Milan 2005. Can the Madonna toothed lawyer be trusted?

somethings going on & i don't like it, the shares rose by approxiamatly 10% yesterday & that's not the norm, i smell a rat!

just back from my travels & i notice our dog sh!te share has dipped below a penny .005p ahoy!

0.0082p today ......must stop watching the excitement is killing me