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World Stocks

Range Resources

Quarterly out

(ASX:RRS / AIM:RRL / PINK:RGRLF & RGRYY)
Informed Discussion. No ramping. No deramping.

Quarterly out

Post Tue Jul 31, 2018 7:10 am

On asx. Shite.

No extra drills till the end of the year despite the rns in may. Another range own goal.
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Razzledazzle
 
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Re: Quarterly out

Post Tue Jul 31, 2018 7:45 am

Why don't you post a link or something instead of your usual chucking your toys out of the pram diatribe? It's very tiresome....
Wiggy
 
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Re: Quarterly out

Post Tue Jul 31, 2018 7:52 am

Link to Quarterly's for anyone interested

https://www.asx.com.au/asx/statistics/a ... D&period=W

GLA
NDT
NoDubaiTax
 
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Location: Dubai

Re: Quarterly out

Post Tue Jul 31, 2018 8:32 am

Right some positives =

cash on hand = $8.3mil (inc placing proceeds)....so exceeds what I thought we had around $5.5mil inc placing proceeds.

daily productions exceeds 800bopd....albeit on the flip worrying that daily average production for quarter was 663bopd....but they gave a good explanation as to the cause.....doesn't matter , as long as 800+ is maintained now

50+ workovers done - that's pretty good , so peeps didn't sit on their backsides!

Operating Netback from Trinidad operations of US$12/bbl; --- first I have seen this published but bodes well in current oil price scenario
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Invester_Tester
 
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Re: Quarterly out

Post Tue Jul 31, 2018 8:50 am

That 8.3m includes the cash we handed back to LO, given the parlous state of the company finances I think we can whistle for that.
Estimated cash outflow for the next quarter is 4.8, let’s be generous and say receipts are 3m, that leaves us in the region of 3-3.5m cash left at the end of next quarter.

Another placing coming
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boobs
 
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Re: Quarterly out

Post Tue Jul 31, 2018 9:49 am

So is the accelerated drilling plan review now not happening??
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Razzledazzle
 
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Re: Quarterly out

Post Tue Jul 31, 2018 9:55 am

On 24.05 range advised:

As previously announced, the Company was looking to drill a minimum of two developments wells in
Trinidad this year. The Company is currently reviewing an accelerated and increased development
drilling work programme to continue its production growth and minimise anticipated fluctuation in
production rates. Further details will be provided to shareholders once the review has been completed.'
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Razzledazzle
 
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Re: Quarterly out

Post Tue Jul 31, 2018 9:56 am

Or we the section about the new 'tool' the update.... Pushed back to 2019??
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Razzledazzle
 
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Re: Quarterly out

Post Tue Jul 31, 2018 10:14 am

Legacy Issues in Columbia Successfully Resolved
Didn't we tank on news of the Colombian issue when released,will we expect an upside swing now that its sorted?
Sileakhunt
 
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Re: Quarterly out

Post Tue Jul 31, 2018 10:22 am

the Colombia news was released a while back and the SP didn't budge
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boobs
 
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Re: Quarterly out

Post Tue Jul 31, 2018 2:31 pm

Cautious malcy....longer comment on his blog..

Overall I am prepared to give Range the benefit of the doubt, just. With things going better than expected in Indonesia and Colombia to all extents wrapped up the company have a relatively solid base to work from but need to ensure that what happened last week was a one-off….
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Momo
 
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Location: Relax nothing yet...

Re: Quarterly out

Post Tue Jul 31, 2018 7:34 pm

Well that's buggered that then. It's happened again today.
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ErraticPhil
 
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Location: In the land of snap, crackle and POP

Re: Quarterly out

Post Tue Jul 31, 2018 7:56 pm

Phil,

Forgive me if I’m being thick here....what has happened again today ?

Cheers
rasclaat bambaclaat
 
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Re: Quarterly out

Post Tue Jul 31, 2018 8:17 pm

An unexpected shafting. Average bopd down 9 percent on last quarter despite hitting over 800 in may.

Accelerated drilling plan shelved but no statement of the fact... Just wet farted as usual.

Waterflood, the great hope got 1 paragraph. Another wet fart.

No detailed standalone TT update for months, no we know why.
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Razzledazzle
 
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Re: Quarterly out

Post Wed Aug 01, 2018 6:29 am

I am sure it will all workout. So much in our favour. I am hoping for a dividend from these one day (might be a year or so down the line). I shall keep topping up where I can
Lewisyfawr
 
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Re: Quarterly out

Post Wed Aug 01, 2018 9:26 am

The best thing about the quarterlies, and after all the years of shaftings suffered, the placing was because our friends Petro cant flog the oil quick enough at a little over 800bopd. Couldn't script that if you tried with this company. The infrastructure being put in place doesn't sound like we can really go mental in getting oil out of the ground either even if it were possible

Like Loadsa, i agree the figures don't add up on incoming v outgoings - and with a next quarter spend of $4.8m its going to take some time. There's little short term news to bounce this
Juicebox
 
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Re: Quarterly out

Post Thu Aug 02, 2018 7:46 pm

Has anybody emailed Eva for an explanation?
Lewisyfawr
 
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Re: Quarterly out

Post Tue Aug 07, 2018 7:55 pm

Feck off weasel.
Wiggy
 
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Re: Quarterly out

Post Wed Aug 08, 2018 6:37 am

Charming!!
Lewisyfawr
 
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Re: Quarterly out

Post Thu Aug 09, 2018 10:10 pm

Did anyone get a response from the charming Eva?
Lewisyfawr
 
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