Cookie Policy

This page would like to place cookies on your computer to help us make this website serve you better
Accept cookies
 Cookie Policy

Welcome, Guest
Username: Password: Remember me
Forgot your password? Forgot your username? Create an account
Threaded Indented

TOPIC: RRL

RRL 24 Feb 2013 10:30 #1

  • Food4Thought
  • Food4Thought's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 521
  • Thank you received: 1019
  • Karma: 24
.
Last Edit: 24 Feb 2013 10:35 by Food4Thought.
The administrator has disabled public write access.
The following user(s) said Thank You: crossed digits

RRL 23 Feb 2013 22:52 #2

  • crossed digits
  • crossed digits's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 6
  • Thank you received: 10
  • Karma: 1
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
The administrator has disabled public write access.
The following user(s) said Thank You: WisdomSeeker

RRL 21 Feb 2013 14:05 #3

  • Food4Thought
  • Food4Thought's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 521
  • Thank you received: 1019
  • Karma: 24
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
The administrator has disabled public write access.
The following user(s) said Thank You: Lowema, Moiz, jonamacg83, crossed digits

RRL 20 Feb 2013 21:37 #4

  • AdeMcG
  • AdeMcG's Avatar
  • NOW ONLINE
  • Junior Boarder
  • Posts: 191
  • Thank you received: 183
  • Karma: 6
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
The administrator has disabled public write access.

RRL 20 Feb 2013 20:56 #5

  • Bunkerjo
  • Bunkerjo's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 19
  • Thank you received: 2
  • Karma: 1
Yep see that now. Back to school for mr
The administrator has disabled public write access.

RRL 20 Feb 2013 20:19 #6

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3137
  • Thank you received: 5606
  • Karma: 113
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
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: AdeMcG, Bunkerjo, Moiz

RRL 20 Feb 2013 20:13 #7

  • Bunkerjo
  • Bunkerjo's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 19
  • Thank you received: 2
  • Karma: 1
Remo, is it not a shooting star on the daily ?
The administrator has disabled public write access.

RRL 20 Feb 2013 13:24 #8

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3137
  • Thank you received: 5606
  • Karma: 113


There's no shooting star on the hourly.

Remo
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.

RRL 20 Feb 2013 12:51 #9

  • Bunkerjo
  • Bunkerjo's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 19
  • Thank you received: 2
  • Karma: 1
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
The administrator has disabled public write access.

RRL 20 Feb 2013 12:39 #10

  • AdeMcG
  • AdeMcG's Avatar
  • NOW ONLINE
  • Junior Boarder
  • Posts: 191
  • Thank you received: 183
  • Karma: 6
I only have and of day price charts....anyone with real time (proper stuff) confirm Bunkerjo's observation?
The administrator has disabled public write access.

RRL 20 Feb 2013 11:13 #11

  • Bunkerjo
  • Bunkerjo's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 19
  • Thank you received: 2
  • Karma: 1
Can anyone else see a shooting star on the hourly - good time to take short term profits before re-entry?
The administrator has disabled public write access.

RRL 19 Feb 2013 18:10 #12

  • AdeMcG
  • AdeMcG's Avatar
  • NOW ONLINE
  • Junior Boarder
  • Posts: 191
  • Thank you received: 183
  • Karma: 6
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.
The administrator has disabled public write access.
The following user(s) said Thank You: ronnie

RRL 16 Feb 2013 12:06 #13

  • Tradesmarter
  • Tradesmarter's Avatar
  • OFFLINE
  • Junior Boarder
  • chartsview@yahoo.co.uk
  • Posts: 157
  • Thank you received: 413
  • Karma: 25
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
The administrator has disabled public write access.

RRL 13 Feb 2013 14:20 #14

  • ramu2211
  • ramu2211's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 44
  • Thank you received: 61
  • Karma: 3
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
The administrator has disabled public write access.
The following user(s) said Thank You: remo, AdeMcG, CT79

RRL 13 Feb 2013 13:37 #15

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3137
  • Thank you received: 5606
  • Karma: 113
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
Information Purposes Only, Do Your Own Research
remo
Last Edit: 13 Feb 2013 13:39 by remo.
The administrator has disabled public write access.
The following user(s) said Thank You: CT79, Jackozy

RRL 13 Feb 2013 11:09 #16

  • CT79
  • CT79's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 91
  • Thank you received: 348
  • Karma: 12
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
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Tradesmarter, Jackozy

RRL 24 Jan 2013 18:44 #17

  • AdeMcG
  • AdeMcG's Avatar
  • NOW ONLINE
  • Junior Boarder
  • Posts: 191
  • Thank you received: 183
  • Karma: 6
nice rise today...worm finally turned??

GL ALL :)
The administrator has disabled public write access.

RRL 20 Jan 2013 20:53 #18

  • gclark25
  • gclark25's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 198
  • Thank you received: 267
  • Karma: 10
Agree - hurdles to cross first where I will be taking profit. I hope lol.
The administrator has disabled public write access.

RRL 20 Jan 2013 19:11 #19

  • Jackozy
  • Jackozy's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 896
  • Thank you received: 2325
  • Karma: 49
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.
The administrator has disabled public write access.

RRL 20 Jan 2013 17:48 #20

  • gclark25
  • gclark25's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 198
  • Thank you received: 267
  • Karma: 10
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
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Rossymc, Tradesmarter, Jackozy, Wreckless Eric

RRL 20 Jan 2013 16:10 #21

  • Jackozy
  • Jackozy's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 896
  • Thank you received: 2325
  • Karma: 49
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.
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Mark PB, CT79
Threaded Indented
Moderators: remo

Time to create page: 0.084 seconds