Range Resources: Could Trinidad Be The Game Changer?

15th Jul '11 by AnonymousUser3343

6 comments 19662 reads

A few months ago I covered five oil and gas stocks currently in the ‘penny share’ range that could warrant a place on the research and watch list. The five were included based on either potentially company making high impact exploration drilling and/or planned company changing production nearing. The key aim and remit for the previous article was to try and identify an O&G company who could potentially one day be the next Premier Oil (LON:PMO), Afren (LON:AFR), Dragon Oil (LON:DGO) or even Tullow Oil (LON:TLW) and who needed a slice of luck from near term activities to set them on the right path. The five stocks covered, Aminex (LON:AEX) who are currently drilling the Nyuni-2, to be followed by the Ntorya-1, San Leon Energy (LON:SLE) are about to spud the first of a 13 well 2011 programme, Ascent Resources (LON:AST) are currently drilling the Pg-10 and working to unlock one of the largest gas fields in Europe, Range Resources (LON:RRL) are involved with high impact exploration and increased production activity and Tower Resources (LON:TRP) are edging ever closer to the multi billion barrel potential structure spudding within the offshore Namibia licence, have all made good progress and are about to potentially enter a transformational period.

Among the five stocks to watch, Range Resources (LON:RRL) is currently making good strides towards the ultimate aim of being eligible for promotion to the big league, mainly based on its recent 100% acquisition of 3 producing oilfields in Trinidad and Tobago, one of the wealthiest countries in the Caribbean. Not only is Trinidad and Tobago famous for producing the gifted footballer Dwight Yorke, but it also boasts large reserves of oil and gas and has been in continuous production for over 100 years, with the current production rate standing at around 100,000bopd. Range Resources also has interests in 3 other geographical areas, namely in, Texas USA, Republic of Georgia, and Puntland Somalia. Over the next 6 months key activity is expected across the Range portfolio of assets which include a…

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unlikely2

15th Jul '11

This is totally irrelevant to Aminex.

AnonymousUser3343

unlikely2

Sorry if your upset, but it’s just a recap of the other stocks initially covered as ‘five to watch’ in the introduction/set the scene as a follow on article.

At the end of April I wrote an article based on:

Five Oil & Gas Stocks to Watch: Aminex, San Leon Energy, Ascent Resources, Range Resources & Tower Resources

http://www.stockopedia.com/content/five-oil-gas-stocks-to-watch-aminex-san-leon-energy-ascent-resources-range-resources-tower-resources-55930/

This is a follow up on that article and the remit I had set (taking one of the stocks further), following the introduction which sets the scene covering the previous stocks, RRL is pulled out in line with the article title.

Regards, Elias.

proffdude

I just have a slight problem investing in Georgia. Is this anyone else's concern?

Fangorn

17th Jul '11

Nope. I'd be far more worried about investing in Somalia.

Agami

20th Jul '11

Thank you Elias, an excellant article, and am looking forward to the Q&A session with Peter Landau.
Four questions I have are:

Will there be any news before or during the Puntland operation, considering the security and safety of the workforce there.?

Will the influx of starving refugees from neighbouring countries into Puntland effect operations ?

Is it possible by year end, that Trinidad and Texas production earnings might be enough to cover future company exploration costs ?

How quickly could a gas or oil strike in Georgia be put into production ?

Obviously you may have better questions or time constraints, all the same it'll be interesting.

23rd Jul '11

Thanks for the feedback Agami, sorry for the delayed response, just back from a family holiday, now need another to recover!

Was hoping to be able to get the Q&A up this weekend, but now looks like it will be one day next week. You have very interesting questions, which could be used next time. The questions agreed are focusing mainly on the Trinidad acquisition, but also cover all other projects, in addition to general company questions, which will hopefully make interesting reading to those familiar with and not so familiar with Range Resources alike.

Regards, Elias.

Range Resources: Could Trinidad be the Game Changer?

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