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World Stocks

Range Resources

RNS Q&A out

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

RNS Q&A out

Post Fri Aug 17, 2018 4:56 pm

FUBAR@Birth
 
Posts: 930
Joined: Mar 2012

Re: RNS Q&A out

Post Fri Aug 17, 2018 5:31 pm

Well done to whoever raised the Qs. Regards the dilution job, in simple terms, we were desperate, you bin rinsed.
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ErraticPhil
 
Posts: 1263
Joined: Mar 2012
Location: In the land of snap, crackle and POP

Re: RNS Q&A out

Post Fri Aug 17, 2018 5:52 pm

They seem to be constantly hammering the storage problems/Petrotrin purchasing policy. It therefore stands to reason that they cannot increase production above 750-600 bopd without building extra storage and until the storage is operational all production figures are worthless. Indeed it would appear that we cannot exceed 800 bopd until the new tank is up and running.
It seems to be the excuse, sorry , reason for all of the delays that are production related.
Nedkellylandau
 
Posts: 1976
Joined: Mar 2013
Location: Lost on the Range

Re: RNS Q&A out

Post Fri Aug 17, 2018 10:58 pm

Agree Ned to some extent albeit clearly the wells need constant attention due to drop off, at least the BM wells seem to perform better

My concern is actually Petrotrin itself, it seems in chaos and doesn’t look like sorting itself out anytime soon. TT Govt are trying to wash their hands off it after all the corruption scandal and saying sort yourselves out, whilst internally they are ripping each apart and clearly power struggles going on. Meanwhile the countries oil industry stagnates whilst Govt desperately need revenue and increased production.

Hoping they get their shit together soon which could be good for Range if they start looking to boost production and need drilling and workovers increased.
FUBAR@Birth
 
Posts: 930
Joined: Mar 2012

Re: RNS Q&A out

Post Tue Aug 21, 2018 12:22 pm

Buckz
 
Posts: 191
Joined: Mar 2012

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