Range Resources Share Discussion Threads

[davethechef] 18/5/2010 08:19

Communication from this co is tops, puts a fair few of other aim tiddlers to shame; as if they have something to hide.

[maxmarilli] 18/5/2010 08:16

Morning all,we should get to target by first week of june....looks very good(consider that is faster to drill in dry and warm condition than in winter)....let`s hope by then OZ will have let go many more shares to AIM....the only thing dragging weight on share price is the negativity from there!

[california joe] 18/5/2010 08:06

18 May 2010

Company Announcements

Australian Securities Exchange
Exchange Plaza
2 The Esplanade
PERTH WA 6000

By E-lodgment

TEXAS UPDATE -RUSSELL BEVLY #1 APPRAISAL WELL

Range Resources Limited ("Range" or "the Company") would like to announce an
update on the Russell Bevly #1 appraisal well as part of the North Chapman
Ranch Joint Venture's multi-well program in Texas.

The appraisal well Russell Bevly #1 spudded on May 9, 2010 and is progressing
as follows:

Name of well Russell Bevly #1

Spud date 09 May 2010

Current depth of well 4,304 ft (1,312m)

Target depth of well 14,000 ft (4,268m)

RRS beneficial interest 20%

The projected total depth of the well is 14,000 ft. (4,268m), and located
approximately 1,900 ft. (570m) north-northwest of the Smith #1. Range holds a
20% working interest in the well, which has an estimated dry hole cost of
$US3.8m (Range share US$760,000 which was pre-paid).

Range will provide regular updates on the progress on the drilling of the
Russell-Bevly well.

For and on behalf of the Board

Regards

Peter Landau
Executive Director

[hardassets57] 18/5/2010 08:02

see for yourselves..

[fairdeal2008] 18/5/2010 07:59

Drilling progress to be announced here shortly is superb. Should start to move again shortly.

[fairdeal2008] 18/5/2010 07:58

No shrule means abode reader, which really is rubbish, adobe reader on the other hand is great!!

;-)

[hardassets57] 18/5/2010 07:58

or are you turning your nose up at the 60% drop in RRSO compared with 25% on RRS??

[dr jekyll] 18/5/2010 07:57

Cheers California Joe and good luck with this investment.

[hardassets57] 18/5/2010 07:57

dont you mean adobe reader?

[hardassets57] 18/5/2010 07:51

Good volumes on RRSO and price now starting to rise. Understandably thats the more popular trade and seems to be the leading indicator on ASX.

RRS will no doubt follow as the arbitrage trade between the two makes it worth while.

Warrants have come back considerably more than the share price so far more margin for traders. now, its starting to move the other way, I expect RRSO to drive RRS - Hopefully RRL will be ahead of the game as usual!

[barongboy] 18/5/2010 04:12

As you say,good progress,aprox 2 weeks to go then.Fingers crossed

[notarealdr] 18/5/2010 03:40

Texas Russell-Bevly #1 update here -

Good progress being made.

[alistair4444] 18/5/2010 01:22

"Companies are also prospecting for oil in Ethiopia, Democratic Republic of Congo, Eritrea and parts of Somalia. East Africa is the new west Africa in terms of oil exploration, according to industry leaders.

"Why is everyone in east Africa? Because it's underdeveloped," said Rob Shepherd, finance director of Dominion Petroleum. "What we find exciting is that people are moving away from the traditional areas like Angola and Nigeria and they are chasing the geology in east Africa."



East Africa Conference well attended

[california joe] 17/5/2010 19:01

Dr. J, it was I who emailed you regarding your problem and the settlement of it :O)

[hardassets57] 17/5/2010 18:08

this is the link... wouldnt cut & paste copyright material myself. Then again neither would I buy a dvd from a man outside Bermondsey market.

[topicel] 17/5/2010 17:28

Is Mr. Eastman mute then? Or just along for moral support. Lol.

All good positives as we've come to expect from PL. Thanks for reproducing here.

Topicel

[sagem] 17/5/2010 16:35

Well at last more buys than sells.....JUST

[sagem] 17/5/2010 13:30

Yes...its about time we had a tick up to give us back some confidence.....the oil and gas potential is huge going forward so we need a lot more buys which is just starting to happen

[davethechef] 17/5/2010 11:32

There's been some good buying today, particularly in the last hour, inc on plus
no surprise we're back to level; should see some blue by end of day.

[tushface] 17/5/2010 10:43

I now have 740,000 of these, the Oilbarrel article gives a great overview. Texas provides revenue and locks in value from these levels. If Georgia goes to plan it will provide a nice kicker as a wealth maker - in for nothing at these prices.

and Puntland is the mad punt......... a wild card lottery ticket to the moon!!

very happy to add and wait for news.....