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TOPIC: RRL

RRL 24 Feb 2013 10:30 #1

  • Food4Thought
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Last Edit: 24 Feb 2013 10:35 by Food4Thought.
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RRL 23 Feb 2013 22:52 #2

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Food4Thought wrote:
O/T for technicals, but I know these Guatamalan assets very well and some of the characters that are now working with them. We worked with them some years ago and it was like getting blood out of a stone.

The reservoir at the Atzam license is fractured throughout which inhibits the free flowing of oil when it is found in place.
//////////////////////////////////////////////////////////////////////////////////////////////

Hi F4T,
"fractured throughout" from a non oiley I would have thought the fractures would have helped the permeability and thus helped flow? Do you mean they are faulted throughout perhaps? Not disagreeing with you, I do hold some RRL for my sins and had thought the guatamalan play may be a nice addition, so dissapointed to hear your thoughts :( TBH I think PL intends to buy CTR and use it as the Puntland farmout vehicle.

Kind regards

c d
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RRL 21 Feb 2013 14:05 #3

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O/T for technicals, but I know these Guatamalan assets very well and some of the characters that are now working with them. We worked with them some years ago and it was like getting blood out of a stone.

The reservoir at the Atzam license is fractured throughout which inhibits the free flowing of oil when it is found in place. Guatemal is at a convergence of three tectonic plates that make any production difficult. Wells certainly won't flow without submersive pumps. The license is also some distance from (or was) the nearest marketing point which is/was Perenco pipeline.

I wouldn't bet too much on long term success here and wouldn't expect more than a few hundred bbls per day when flowing, but expect the flow to be erratic, even with pumps.

Just thought i'd give you guys a heads up, though I do intend to remain anonymous.

F4T
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RRL 20 Feb 2013 21:37 #4

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Interesting Gap up......still bullish?????
But it needs to close above the 5.5p level tomorrow or Friday....still thinking in the back of my mind to take the profit on my 3.5p top up.

hmmm
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RRL 20 Feb 2013 20:56 #5

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Yep see that now. Back to school for mr
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RRL 20 Feb 2013 20:19 #6

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Bunkerjo wrote:
Remo, is it not a shooting star on the daily ?

hi bunkerjo
100% not a shooting star on the daily.
A shooting star should have a long tail and a small body. If you look at the link below i explain how it should be. Its from the chartsview learning section ;)

www.chartsview.co.uk/learning/shooting-star.html



hope that helps
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RRL 20 Feb 2013 20:13 #7

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Remo, is it not a shooting star on the daily ?
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RRL 20 Feb 2013 13:24 #8

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There's no shooting star on the hourly.

Remo
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RRL 20 Feb 2013 12:51 #9

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Struggling to copy and paste from iPhone as wont let me select. A bit unsure now as has recovered slightly so body same size as the wick from what I can see. May all change this pm if fully recovers to close at highs
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RRL 20 Feb 2013 12:39 #10

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I only have and of day price charts....anyone with real time (proper stuff) confirm Bunkerjo's observation?
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RRL 20 Feb 2013 11:13 #11

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Can anyone else see a shooting star on the hourly - good time to take short term profits before re-entry?
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RRL 19 Feb 2013 18:10 #12

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another fab day for the Rangers.......roll on 5.2p in fact blow that...lets get back to 10p
:) :) :)

Although having said that....looking to take profit from my 3.5p portion.....it is looking a little over extended and has surprised me with this continued streak.

Lower volume today....churn ?

Golden cross, 50 and 20 D MA's looks promising but also a note of caution is entering my thoughts, with the RSI being so overbought and perhaps keep an eye out for a reversal signal....??

picasaweb.google.com/lh/photo/6TFdn1APPn...EZOI?feat=directlink
Last Edit: 19 Feb 2013 18:19 by AdeMcG.
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RRL 16 Feb 2013 12:06 #13

Another I missed during the week ...but good read on the thread!..for me above 3.75p (stops 3.5p) I'd have 5.25-6p as trading target (although I'd expect a wobble as we approach 5p...IF it retraces to lower channel then good risk/reward and time to nab a few.


rrl_2013-02-16.gif
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RRL 13 Feb 2013 14:20 #14

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RANGERES.ORDNPVDI.gif


A break above 4 as mentioned by Remo may take us atleast 4.61 but I have observed more towards 200MS which is 5.2

Cheers
Ram
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RRL 13 Feb 2013 13:37 #15

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Theres volume interest in this in the past few days. OBV is rising .
A finish above 4p should be bullish.



close up


dyor as this is a penny share
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Last Edit: 13 Feb 2013 13:39 by remo.
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RRL 13 Feb 2013 11:09 #16

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I think yesterdays close was the first close above the 50MA since 4th April 2012.

Has anyone got any short term targets for RRL?
the 200MA is currently around 5.22, but a close above 4p would be the first hurdle

Thanks
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RRL 24 Jan 2013 18:44 #17

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nice rise today...worm finally turned??

GL ALL :)
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RRL 20 Jan 2013 20:53 #18

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Agree - hurdles to cross first where I will be taking profit. I hope lol.
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RRL 20 Jan 2013 19:11 #19

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Sorry clarky - must have missed that. There was significant volume for the 3p bounce so it looks good to me. I did take a risky entry early on Friday so beware bias. Lot's of resistance ahead of course.
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RRL 20 Jan 2013 17:48 #20

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Jackozy - posted similar last week.

I think it is in a falling wedge pattern, which is often bullish. I believe 3p region could be its bottoom.


RRL_-_weekly_-_20-1-13.png



RRL_-_daily_-_20-1-13.png
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RRL 20 Jan 2013 16:10 #21

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I wonder, could there be signs of life for long suffering holders?

Bull hammer at 3p support on bullish RSI and OBV dovergences (OBV divergences are quite rare) followed by Friday's bullish engulfing candle:

RRLdaily20_01_13.gif


dl.dropbox.com/u/20815047/RRLdaily20_01_13.gif

Obviously, this is in a major downtrend and bottom fishing can be very risky. If this works out then stops could be placed below Friday's low of 3.165p.
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