Ranger Energy Services Inc (RNGR) Options

RNGR .04(3) x .07(1). Got 15K avgd @ .056. MMs ran from .05 ASK

o Working on financing and acquisitions.
o CEO/assocs have put $600K+ into the company.
o 3 to 6 month timetable to close acquisitions then PRs
o Future estimated annual profit of $4,000,000
o Future estimated EPS of 4M/20M = .20 cents x 10 = $2 stock
o The company used $9M CASH to acquire BumGarner oil & gas rights
o CEO has2/3rds of the shares, converted BumGarner to RNGR.
o Company has 4.3M shares bought at $2 a share
o CEO is a HIGHLY motivated primary share holder
o Tradeable float TINY, 500K to 900K per CEO and filings
o Company has issued approx 99% of auth shares.
o CEO would be most hurt by dilution
o Low production costs yielding a 50% profit
o Some oil wells yield Natural Gas as well, win / win scenario
o Working on acquisitions of active wells as well
o No web site, to follow after wells are flowing
o CEO and associates have $600,000 INVESTED in the company
o CEO said when they have good news will be agressive with PRs
o CEO said would release a PR in conjunction with SEC 8Ks
o CEO answers the phone at 8:10 AM EST in St Pete, Florida
o CEO deferring about 50% of salary at current time

I talked with Charles Masters/CEO Tue & Wed at 8:10 AM EST.
727-381-4904 St Pete, Florida.

Yesterday I went for 17K at .05 and got TWO 5K fills:
Trades and Level II. 10K of 17.6K Filled at .05 cents
NITE .02 x .05 -> .03 x .08 on 5K fill
HILL .03 x .05 -> .04 x .07 on 5K fill
SCHB .04 x .06 -> .04 x .20 NEXT up at .06 and RAN HARD

RANGER INDUSTRIES - Nasdaq OTC BB: RNGR

Time & Sales most recent
Rec. Time Action Price Volume Exch.
1:38:30 PM Trade 0.05 5000
1:38:02 PM Ask 0.07 5000
1:38:02 PM Trade 0.05 5000

L2 After: RNGR - RANGER INDS INC Company Profile
LastSale: 0.05
BestBid: 0.04 Best BidDepth: 15000
BestAsk: 0.07 Best AskDepth: 5000

MPID Bid Size Ask Size U O/C
CARR 0.04 5000 0.32 5000 O
SCHB 0.04 5000 0.2 5000 O
HILL 0.04 5000 0.07 5000 O
NITE 0.03 5000 0.08 5000 O
FRAN 0.01 5000 0.1 5000 O
GVRC 0.01 5000 2 500 O
MHMY 0.01 5000 2.01 500 O
WELS - 0 - 0 O

L2 Before:
RNGR - RANGER INDS INC Company Profile

LastSale: -
BestBid: 0.04 Best BidDepth: 10000
BestAsk: 0.05 Best AskDepth: 10000

MPID Bid Size Ask Size U O/C
CARR 0.04 5000 0.32 5000 O
SCHB 0.04 5000 0.06 5000 O
HILL 0.03 5000 0.05 5000 O
NITE 0.02 5000 0.05 5000 O
FRAN 0.01 5000 0.1 5000 O
GVRC 0.01 5000 2 500 O
MHMY 0.01 5000 2.01 500 O
WELS - 0 - 0 O
http://www.gonow.com/filing.php?repo=tenk&ipage=2086050&doc=1&total=52&back=2
________________________________________________________________
o State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date (March 26, 2003) 15,610,463
shares. Common Stock, $0.0l par value
________________________________________________________________
o On May 8, 2000, an order of the United States Bankruptcy Court became final
and non-appealable which authorized the trustee of the product liability trust
(i) to obtain insurance covering claims made against the product liability
trust, and (ii) after paying $1,156,000 for the insurance premiums, to make a
cash distribution to Ranger of all of the remaining funds in the product
liability trust other than $600,000 which remained in the product liability
trust to pay the administrative expenses of the product liability trust. The net
distribution was made in May 2000 and Ranger received $11,002,632.
________________________________________________________________
o Charles G. Masters, the principal shareholder of Bumgarner, acquired 11,401,000 shares of Ranger common stock (including 400,000 shares held through a trust of which he is the trustee);
o George Ruppell 1,000,000 shares
o Robert Sherman Jent, Director, Secretary 100,000 shares
________________________________________________________________
4. Oil and gas properties (continued):

The standardized measure of discounted future net cash flows is computed by
applying prices of oil and gas ($25/bbl and $3.50/mcf, respectively, with
no escalation) to the estimated future production of proved oil and gas
reserves, less estimated future expenditures (based on year-end costs) to
be incurred in developing and producing the proved reserves, less estimated
future income tax expenses (based on year-end statutory tax rates, with
consideration of future tax rates already legislated) to be incurred on
pretax net cash flows less tax basis of the properties and available
credits, and assuming continuation of existing economic conditions. The
estimated future net cash flows are then discounted using a rate of 10% a
year to reflect the estimated timing of the future cash flows.

Oil Gas
(MBbls) (MMcf)
------- ------
Beginning of year:
Proved, developed reserves - -
======== ========
Proved, undeveloped reserves 232 2,801
======== ========

End of year:
Proved, developed reserves - -
======== ========
Proved, undeveloped reserves 232 2,801
======== ========

Standardized measure of discounted future net cash flows at December 31,
2002:

Henryetta
------------
Future cash inflows $ 11,599,427
Future production costs ( 391,300)
Future development costs ( 394,810)
Future income tax expenses ( 3,676,528)
------------

Future net cash flows 7,136,789
10% annual discount for estimated timing
of cash flows ( 1,699,042)
------------

Standardized measures of discounted future net
cash flows relating to proved oil and gas
reserves at beginning and end of period $ 5,437,747
============

Ranger share of Henryetta JV at 74.415% (net after taxes) $ 4,046,499
________________________________________________________________
http://table.finance.yahoo.com/d?a=0&b=01&c=2000&d=4&e=28&f=2003&g=d&s=r...
May-27-03 0.05 0.05 0.05 0.05 10,000 0.05

May-15-03 0.05 0.05 0.05 0.05 100 0.05
May-01-03 0.04 0.04 0.04 0.04 300 0.04
Apr-15-03 0.04 0.04 0.04 0.04 100 0.04
Apr-14-03 0.04 0.04 0.04 0.04 100 0.04
Mar-27-03 0.04 0.04 0.04 0.04 200 0.04
Dec-26-02 0.04 0.04 0.04 0.04 200 0.04
Dec-13-02 0.04 0.04 0.04 0.04 5,000 0.04
Dec-09-02 0.04 0.04 0.04 0.04 1,000 0.04
Dec-02-02 0.04 0.04 0.04 0.04 100 0.04
Nov-21-02 0.04 0.04 0.04 0.04 500 0.04
Nov-19-02 0.03 0.03 0.03 0.03 6,000 0.03
Nov-14-02 0.04 0.04 0.04 0.04 2,000 0.04
Nov-04-02 0.05 0.05 0.05 0.05 10,000 0.05

Oct-25-02 0.10 0.10 0.07 0.07 35,000 0.07
Oct-15-02 0.10 0.10 0.10 0.10 3,200 0.10
Oct-11-02 0.15 0.15 0.10 0.10 5,200 0.10
Sep-30-02 0.10 0.10 0.10 0.10 200 0.10
Aug-26-02 0.10 0.10 0.10 0.10 1,300 0.10
Aug-21-02 0.10 0.10 0.10 0.10 200 0.10
Aug-07-02 0.10 0.10 0.10 0.10 200 0.10
Jul-25-02 0.10 0.10 0.10 0.10 200 0.10
Jun-26-02 0.11 0.11 0.11 0.11 1,100 0.11
Jun-25-02 0.11 0.11 0.11 0.11 3,000 0.11
Jun-14-02 0.11 0.11 0.11 0.11 200 0.11
Jun-10-02 0.11 0.11 0.11 0.11 13,200 0.11
Jun-07-02 0.11 0.11 0.11 0.11 400 0.11
Jun-05-02 0.16 0.16 0.16 0.16 2,000 0.16
May-22-02 0.15 0.15 0.15 0.15 5,000 0.15
May-03-02 0.15 0.15 0.15 0.15 400 0.15
Apr-15-02 0.15 0.15 0.15 0.15 100 0.15
Mar-25-02 0.15 0.15 0.15 0.15 600 0.15
Mar-22-02 0.15 0.15 0.15 0.15 900 0.15
Mar-18-02 0.15 0.15 0.15 0.15 600 0.15
Feb-20-02 0.15 0.15 0.15 0.15 300 0.15
Feb-11-02 0.15 0.15 0.15 0.15 500 0.15
Feb-08-02 0.15 0.15 0.15 0.15 100 0.15
Jan-16-02 0.15 0.15 0.15 0.15 400 0.15
Jan-08-02 0.15 0.15 0.15 0.15 4,800 0.15
Dec-21-01 0.15 0.15 0.15 0.15 400 0.15
Dec-19-01 0.15 0.15 0.15 0.15 400 0.15
Dec-18-01 0.20 0.20 0.20 0.20 1,200 0.20
Dec-06-01 0.15 0.15 0.15 0.15 200 0.15
Dec-04-01 0.15 0.15 0.15 0.15 15,000 0.15
Dec-03-01 0.15 0.15 0.15 0.15 2,000 0.15
Nov-29-01 0.15 0.15 0.15 0.15 500 0.15
Oct-25-01 0.20 0.20 0.20 0.20 4,100 0.20
Oct-04-01 0.15 0.15 0.15 0.15 1,000 0.15
Sep-24-01 0.15 0.15 0.15 0.15 1,500 0.15
Sep-19-01 0.20 0.20 0.19 0.19 28,000 0.19
Sep-07-01 0.20 0.20 0.20 0.20 300 0.20
Sep-05-01 0.22 0.22 0.22 0.22 6,000 0.22
Aug-31-01 0.25 0.25 0.25 0.25 10,100 0.25
Aug-24-01 0.26 0.30 0.26 0.30 10,600 0.30
Aug-22-01 0.29 0.29 0.29 0.29 5,000 0.29
Aug-21-01 0.36 0.36 0.31 0.33 22,100 0.33
Aug-20-01 0.35 0.45 0.35 0.45 30,400 0.45
Aug-08-01 0.30 0.30 0.30 0.30 1,100 0.30
Aug-02-01 0.30 0.30 0.30 0.30 800 0.30
Jun-26-01 0.35 0.35 0.35 0.35 1,900 0.35
Jun-20-01 0.30 0.30 0.30 0.30 100 0.30
Jun-18-01 0.30 0.30 0.30 0.30 7,700 0.30
May-23-01 0.40 0.40 0.40 0.40 1,000 0.40
May-21-01 0.40 0.40 0.40 0.40 1,000 0.40
May-18-01 0.40 0.40 0.40 0.40 2,000 0.40
May-01-01 0.40 0.40 0.40 0.40 200 0.40
Apr-25-01 0.30 0.30 0.30 0.30 4,600 0.30
Apr-23-01 0.42 0.42 0.30 0.30 21,000 0.30
Apr-19-01 0.37 0.37 0.37 0.37 400 0.37
Apr-11-01 0.37 0.37 0.37 0.37 100 0.37
Apr-04-01 0.38 0.38 0.38 0.38 1,000 0.38
Mar-23-01 0.38 0.38 0.38 0.38 400 0.38
Mar-22-01 0.38 0.38 0.38 0.38 1,000 0.38
Mar-20-01 0.38 0.38 0.38 0.38 1,000 0.38
Mar-19-01 0.47 0.47 0.47 0.47 2,900 0.47
Mar-14-01 0.38 0.38 0.38 0.38 400 0.38
Mar-12-01 0.41 0.56 0.38 0.38 10,800 0.38
Mar-07-01 0.41 0.41 0.41 0.41 1,700 0.41
Mar-06-01 0.41 0.41 0.41 0.41 200 0.41
Mar-01-01 0.56 0.56 0.56 0.56 900 0.56
Feb-28-01 0.50 0.56 0.50 0.56 12,800 0.56
Feb-23-01 0.72 0.72 0.72 0.72 700 0.72
Feb-21-01 0.62 0.62 0.52 0.56 22,000 0.56
Feb-20-01 0.66 0.66 0.62 0.62 11,800 0.62
Feb-16-01 0.66 0.66 0.66 0.66 2,200 0.66
Feb-15-01 0.75 0.75 0.66 0.66 2,100 0.66
Feb-14-01 1.19 1.19 0.62 0.62 60,400 0.62
Feb-13-01 1.25 1.25 1.19 1.19 1,700 1.19
Feb-07-01 1.31 1.31 1.25 1.25 4,600 1.25
Feb-06-01 1.88 1.88 1.31 1.31 18,500 1.31
Jan-29-01 1.81 1.95 1.81 1.95 14,100 1.95
Jan-25-01 1.94 1.94 1.94 1.94 400 1.94
Jan-24-01 1.91 1.91 1.81 1.81 51,500 1.81
Jan-23-01 1.69 1.69 1.69 1.69 200 1.69
Jan-22-01 1.69 1.69 1.69 1.69 500 1.69
Jan-19-01 1.75 1.75 1.75 1.75 15,000 1.75
Jan-18-01 1.78 1.78 1.78 1.78 1,000 1.78
Jan-17-01 1.69 1.69 1.69 1.69 300 1.69
Jan-16-01 1.69 1.69 1.69 1.69 1,500 1.69
Jan-12-01 1.69 1.69 1.69 1.69 100 1.69
Jan-09-01 1.78 1.78 1.72 1.75 51,500 1.75
Jan-08-01 1.81 1.81 1.78 1.78 13,100 1.78
Jan-04-01 1.84 1.84 1.84 1.84 16,500 1.84
Jan-02-01 1.88 1.89 1.81 1.81 16,000 1.81
Dec-29-00 1.88 1.88 1.84 1.84 29,100 1.84
Dec-28-00 1.75 1.88 1.75 1.88 8,600 1.88
Dec-27-00 1.69 1.75 1.69 1.75 5,100 1.75
Dec-26-00 1.59 1.69 1.59 1.69 17,400 1.69
Dec-22-00 1.50 1.53 1.50 1.53 6,900 1.53
Dec-21-00 1.50 1.50 1.50 1.50 14,100 1.50
Dec-20-00 1.50 1.53 1.50 1.50 43,200 1.50
Dec-19-00 1.53 1.53 1.50 1.50 10,700 1.50
Dec-13-00 1.53 1.53 1.53 1.53 8,500 1.53
Dec-07-00 1.56 1.56 1.56 1.56 200 1.56
Dec-05-00 1.56 1.56 1.56 1.56 1,500 1.56
Dec-04-00 1.50 1.50 1.50 1.50 100 1.50
Nov-30-00 1.53 1.53 1.50 1.53 2,900 1.53
Nov-29-00 1.50 1.50 1.44 1.44 5,300 1.44
Nov-28-00 1.50 1.50 1.50 1.50 13,400 1.50
Nov-27-00 1.33 1.33 1.33 1.33 4,400 1.33
Nov-24-00 1.50 1.50 1.31 1.41 17,500 1.41
Nov-22-00 1.50 1.50 1.50 1.50 8,000 1.50
Nov-21-00 1.50 1.50 1.50 1.50 4,000 1.50
Nov-15-00 1.50 1.50 1.50 1.50 4,000 1.50
Nov-13-00 1.50 1.50 1.50 1.50 9,200 1.50
Nov-10-00 1.50 1.50 1.50 1.50 14,200 1.50
Nov-09-00 1.50 1.50 1.50 1.50 3,100 1.50
Nov-03-00 1.50 1.50 1.50 1.50 400 1.50
Oct-31-00 1.50 1.50 1.50 1.50 6,200 1.50
Oct-30-00 1.50 1.50 1.50 1.50 400 1.50
Oct-27-00 1.50 1.50 1.50 1.50 4,500 1.50
Oct-25-00 1.50 1.50 1.50 1.50 15,200 1.50
Oct-19-00 1.50 1.50 1.50 1.50 2,000 1.50
Oct-18-00 1.59 1.59 1.59 1.59 500 1.59
Oct-17-00 1.53 1.53 1.50 1.53 4,900 1.53
Oct-16-00 1.56 1.59 1.56 1.59 5,500 1.59
Oct-13-00 1.50 1.50 1.50 1.50 2,900 1.50
Oct-06-00 1.50 1.50 1.50 1.50 4,900 1.50
Oct-02-00 1.47 1.50 1.47 1.50 8,300 1.50
Sep-29-00 1.50 1.50 1.44 1.47 40,000 1.47
Sep-28-00 1.44 1.44 1.44 1.44 500 1.44
Sep-26-00 1.44 1.44 1.44 1.44 100 1.44
Sep-25-00 1.44 1.44 1.44 1.44 200 1.44
Sep-20-00 1.44 1.44 1.44 1.44 7,000 1.44
Sep-19-00 1.44 1.44 1.44 1.44 14,500 1.44
Sep-15-00 1.50 1.50 1.41 1.47 21,000 1.47
Sep-13-00 1.47 1.50 1.47 1.50 18,000 1.50
Sep-06-00 1.53 1.53 1.47 1.47 20,200 1.47
Sep-01-00 1.56 1.56 1.56 1.56 5,000 1.56
Aug-31-00 1.50 1.59 1.47 1.59 17,300 1.59
Aug-29-00 1.56 1.59 1.53 1.53 38,800 1.53
Aug-25-00 1.56 1.56 1.56 1.56 15,000 1.56
Aug-24-00 1.56 1.56 1.56 1.56 33,600 1.56
Aug-23-00 1.56 1.56 1.56 1.56 24,100 1.56
Aug-11-00 1.56 1.56 1.56 1.56 1,000 1.56
Aug-10-00 1.56 1.56 1.56 1.56 500 1.56
Aug-09-00 1.56 1.56 1.56 1.56 200 1.56
Aug-07-00 1.56 1.56 1.56 1.56 600 1.56
Aug-01-00 1.56 1.56 1.56 1.56 1,000 1.56
Jul-27-00 1.56 1.56 1.56 1.56 700 1.56
Jul-25-00 1.56 1.56 1.56 1.56 100 1.56
Jul-21-00 1.56 1.56 1.56 1.56 1,000 1.56
Jul-17-00 1.56 1.56 1.56 1.56 200 1.56
Jul-10-00 1.56 1.56 1.56 1.56 300 1.56
Jul-07-00 1.56 1.56 1.56 1.56 47,100 1.56
Jun-28-00 1.56 1.56 1.56 1.56 300 1.56
Jun-22-00 1.53 1.53 1.53 1.53 5,000 1.53
Jun-21-00 1.53 1.53 1.53 1.53 100 1.53
Jun-14-00 1.53 1.62 1.53 1.56 3,800 1.56
Jun-13-00 1.56 1.56 1.56 1.56 5,000 1.56
Jun-05-00 1.53 1.53 1.53 1.53 5,000 1.53
Jun-02-00 1.53 1.53 1.53 1.53 1,600 1.53
Jun-01-00 1.53 1.53 1.53 1.53 900 1.53
May-31-00 1.53 1.53 1.53 1.53 6,000 1.53
May-30-00 1.50 1.53 1.50 1.53 18,800 1.53
May-25-00 1.50 1.50 1.50 1.50 1,000 1.50
May-24-00 1.31 1.31 1.31 1.31 200 1.31
May-23-00 1.38 1.38 1.38 1.38 1,600 1.38
May-22-00 1.44 1.44 1.44 1.44 5,500 1.44
May-19-00 1.44 1.44 1.44 1.44 100 1.44
May-18-00 1.50 1.50 1.50 1.50 4,000 1.50
May-17-00 1.50 1.50 1.50 1.50 100 1.50
May-11-00 1.50 1.50 1.50 1.50 1,000 1.50
May-10-00 1.31 1.62 1.31 1.50 5,500 1.50
May-09-00 1.19 1.19 1.19 1.19 200 1.19
May-08-00 1.25 1.38 1.25 1.25 5,700 1.25
May-04-00 1.50 1.50 1.50 1.50 1,600 1.50
May-02-00 1.31 1.31 1.31 1.31 100 1.31
May-01-00 1.50 1.50 1.38 1.38 8,400 1.38
Apr-25-00 1.59 1.59 1.50 1.59 5,200 1.59