time is fast approaching for big gains

BrokermanDaniel

....finally gives the thumbs UP for RRS!

AY 28, 2011 ? 12:02 PM ↓ Jump to Comments
Range Resources. Their time is FAST approaching for big GAINS!!!

Range are Under starters orders.
We?ve had much contact here with many market-watchers and we have spoken to leading luminaries/analysts over the course of this year on Range Resources. The latest company epistle paints a vivid profitable future for the company yet Range hasn?t budged on it. The company are telling investors as candidly as possible that the future is very bright. The North Chapman Ranch fracture stimulation programme has seen a dramatic increase in oil and gas flow rates from the Russell-Bevly #1 well. Stabilised flow rates are approximately 3.5 MMcfd and 350 Bopd from one zone alone, recovery from the well once co-mingled with the other completed zones is expected to significantly exceed the budgeted 4 MMcfd and 350 Bopd for all the producing zones in the well. I would expect that the final figure from Russel-Beverly#1 to be a multipule of where they are now. The frac has been a complete success. The East Clarksville field, Ross 3H well awaits a similar fate good oil shows have already been observed once fraccing begins further increases in bopd look nailed on! Frac work is expected to begin within the next 2 weeks. Then we have Trinidad where present production is approx 600/700 bopd. Range has invested here and it is clear to all that they would not of invested if they thought that they could not substantially increase production. That?s a 100% interest.The techniques used in Texas will be applied here and that is a pointer.The company are going all in to increase bopd to 4000 barrels in Trinadad. That figure when reached will significantly add to the present cash position. In Georgia Range are targeting structures with a 2 billion barrel oip estimate.They have a 40% stake. In Puntland, Range holds a 20% stake in the highly prospective Dharoor and Nugaal valleys with the
operator and 45% interest holder, Africa Oil they are planning to drill two wells in 2011.Trinidad,Georgia,Puntland are potential game-changers that is why the company are fast-tracking their USA assets vis-avis increased production. Go through the figures here, look at the market Cap take into account the fundamentals and the COS on each and every asset,scratch your head and wonder why is this companys? sp 15P? They should begin to move upwards on news flow. It?s a matter of time just like Sefton they could explode on good news! Excellent company, well run. Their top man Peter Landau is held in respect by his contemporaries! Significantly under-value with an ever increasing USA production base that underpins the company. It is a question of time before they explode upwards .

Viva!

Dan

http://brokermandaniel.com/2011/05/28/range-resources-their-time-is-fast-approaching-for-big-gains-2/