Range Resources (AIM:RRL)

Range Resources is an exploration company with its principal activity directed towards finding and delineating natural resources in the oil, gas and mineral sectors in Puntland, Somalia. Puntland is believed to have all the geological requirements to become a commercial oil-producing region. Range has two Production Sharing Agreements (PSAs) for the Nogal and Darin Blocks, two particularly promising basins.

Undiscovered oil-in-place resources in the Nogal block are estimated at net 860mmbbl. A successful project in this Near Shore zone would mean that new reserves could be rapidly placed on production, largely from shore based facilities.


Fox-Davies Capital recently initiated coverage with a price target of 50p.

Each company will present for 20 minutes with 10 minutes Q&A to follow. After the presentations are complete the directors will be available to take questions during a free canapand wine reception which will be open until 9pm.





Range Resources (AIM:RRL)
Range Resources is an exploration company with its principal activity directed towards finding and delineating natural resources in the oil, gas and mineral sectors in Puntland, Somalia. Puntland is believed to have all the geological requirements to become a commercial oil-producing region. Range has two Production Sharing Agreements (PSAs) for the Nogal and Darin Blocks, two particularly promising basins. Undiscovered oil-in-place resources in the Nogal block are estimated at net 860mmbbl. A successful project in this Near Shore zone would mean that new reserves could be rapidly placed on production, largely from shore based facilities. Fox-Davies Capital recently initiated coverage with a price target of 50p.

http://www.proactiveinvestors.co.uk/eventregistration.php



Afren Plc (AIM:AFR)
Afren was founded in December 2004 by a management team including Dr Rilwanu Lukman, (Chairman), Osman Shahenshah, (Chief Executive) and Bert Cooper (Advisor to the Board), with the vision to become the premier pan African independent Exploration and Production company. Afrens Chief Operating Officer is Evert Jan Mulder, who was most recently Chief Operating Officer of Addax Petroleum, Nigerias largest independent oil producer. Since its listing, Afren has rapidly expanded its portfolio and the management team has delivered 12 assets in the Joint Development Zone of Nigeria-S Tomand Prcipe, Nigeria, Gabon, Angola, Congo Brazzaville and Ghana. In addition, Afren has built an executive and non-executive management and advisory team with broad and extensive experience in the industry, both in West Africa and internationally; in identifying and completing corporate expansion opportunities and in public company financing. Afren also looks to leverage key relationships across the region to gain preferential access to opportunities. Afren will continue to add to its diversified portfolio of near term development and high impact exploration, with the overall objective of creating substantial shareholder value.http://www.proactiveinvestors.co.uk/eventregistration.php

CBM Oil (PLUS :CBMP)

CBM Oil (PLUS:CBMP) is an oil & gas exploration company established to get finance the exploration and development opportunities of energy resource interests in the Caspian, the Black Sea and the Mediterranean., with a focus on projects in the Commonwealth of Independent States.

CBM started negotiations with Chornomornaftogaz, a subsidiary of Naftogaz Ukraine, having identified that Ukraines sector of the Black Sea could contain large oil and gas Prospects. OIn August28 September 2007, CBM and Naftogaz Ukraine Chornimornaftogaz concluded a Joint Operating Agreement for the Gordievicha exploration prospect. CBM and the Ukrainian Ministry of Fuel and Energy have also created a Working Group to oversee the joint development of the hydrocarbon fields in the Black Sea and the possibility of co-operating outside Ukraine.

The Minister of Fuel and Energy supports further cooperation between CBM in the Black Sea and joint activity by Naftogaz with CBM Oil outside the Ukraine. It is the intention of the Company to float on AIM in the first quarter February of 2008.

http://www.proactiveinvestors.co.uk/eventregistration.php

looks like an interesting meeting!

AOI is an 80% owner in the blocks with RRL/RRS owning the other 20 % seems like the drilling is getting ready to go

Thursday Nov 22 2007 Somali
Home State Profile Government Map


Ministries Links


Current issues Somali
A Delegation from Africa Oil Corporation Visits Puntland

Thursday, 22-Nov 2007

Bossaso, Puntland: Mr. Rick Schmitt President and CEO Africa Oil Corporation (formerly of CanMex Minerals Corporation) and his staff arrived at the Bossaso Airport. Accompanying Mr. Schmitt were Mr. Paul Coyer Drilling Manager and Mr. John West Geophysicist.



The Puntland Government signed a contract (Production Sharing Agreement) with the CanMex Minerals Corporation (now Africa Oil Corporation) in January 2007.


The purpose of the visit was to brief the President and Government on the drilling program and the target areas that the company is planning to drill.



During their stay in Bossaso, the delegation visited the Bossaso Port; they also assessed area roads and infrastructure.


The delegation after a day of visiting sites in Bossaso proceeded by land to the Capital of the State Garowe. Along the route to Garowe, an evaluation of the main road and all bridges was also conducted. This assessment was performed in order to determine the possible route of the drill rig to the drill area targets.



In Garowe Mr. Schmitt and Mr. Ken Watson General Manager (Africa Oil Corp) met with the President H.E. Mohamud Musse Hersi at Garowe Presidential offices. While Mr. Coyer and Mr. West continued with their assessment of roads, access to the drill site and they also visited previous drill sites in the Nugaal Region.



Puntland Government Officials attending this meeting included: the Vice President Hon. Hassan Dahir Mohamud, the speaker of the Puntland Parliament Hon. Ahmed Ali Hashi, the Minister of Finance Hon. Mohamed Ali Yusuf, Minister of Education Hon. Ahmed Said Nur, Minister of Information, Telecommunication, Culture and Tourism Hon. Abdirahman Mohamed Salah (Bangax), Acting Minister of Security Hon. Xaaji Bakiin, Islaan Ciise Islaan Mohamed (Traditional Community Elder and Sultan Mohamed Garrase (Traditional Community Elder).



The President stated, �I want to welcome you to Puntland, today you have in front of you the Government of Puntland and the Traditional Community Elders of the Nugaal Region, we are very happy that you have come to us �. Both Traditional Elders stated that they will fully support the Government in their policy of developing the State�s natural resources. Sultan Mohamed Garrase stated, �We have heard with our ears for years that there is oil here, some of us are getting old we want to see with our own eyes that it is not just a dream but it is reality that there is oil here, this will help all our people�.



Mr. Schmitt thanked the President and Community leaders for their warm welcome. Mr. Schmitt stated that African Oil Corporation has been involved in the Puntland Project for approximately nine months and in his 30 years of experience in the petroleum sector in the Middle East region he has never seen a project proceed so rapidly. Mr. Schmitt added that the company has analyzed all the data and is anticipating in drilling the target areas in the early part of 2008. Africa Oil Corporation will continue with their field work and other logistical work in Puntland.


� 2006-2007 Puntland State of Somalia

new article, CLICK HERE

Bought in on the back of below RNS..
Let's see how it goes for a while...anyone still in ?

13 October 2009

DRILLING UPDATE - SMITH #1 WELL, TEXAS

Update by Australian based oil and gas explorer Range Resources Limited (ASX:
RRS; AIM: RRL) ("Range" or "the Company") on its exploration drilling program
in the North Chapman Ranch area, Texas.

Smith #1 well, North Chapman Ranch

The exploration well Smith #1 spudded on 4 September 2009. Surface casing was
set and cemented at 1,528 ft (465m) and the well was subsequently drilled to
the intermediate casing depth of 11,352 ft (3,455m). Open hole logs were
acquired on October 9, 2009, and 9 5/8" casing set and cemented shortly
thereafter. The well is currently being prepared for drilling to the proposed
total depth of ~14,200' (4,329m).

Name of well Smith #1

Spud date 4 September 2009

Current depth ~11,334 ft (3,456m)

Proposed total depth ~14,200 ft (4,329m)

RRS beneficial 25%
interest


Figure 1: Unit Texas Rig #35 drilling ahead on Smith #1 well - please see website.

Background on North Chapman Ranch

Range holds a 25% working interest in the drilling of Smith #1 well. The well
shall be drilled to an approximate depth of 14,200 ft (4,329m) or to a depth
sufficient to test the Howell Hight formation. If successful, the Smith #1 well
could trigger significant oil and gas production and development drilling with
very attractive economics, at a time when exploration and development costs in
the US have dropped dramatically.

Range will continue to update the market on a weekly basis during its
exploration drilling program.

Bit of interest here.

Holding a few here could be worth 20p in time.

Top riser today plenty of interest and possible news from Texas/Georgia coming soon

Could be the next GKP here and valued at less than 10mill.

you must be joking when are you going to dump?

Halifax... mitzy dump....noooooooooooooo.....:)

Held since October which makes me a rich person...not that I'm selling for at least 20p.

News due from Australia Sunday night.

I am guessing the news will about Puntland.

Also, Results coming in a week for one of the test drills, seismic equipments movin into another site too, doesn't look at all bad to me, lets see how the next month goes.

I am a longterm holder and this is the beginning of the excitement.

mitzy did you dump this shooting star?

No halifax au contraire I bought a few more today..lol

So you missed the boat again.

i am in long here - this will be worth much more q2 2010 - prob 10 to 15p or more - then onwards & upwards - gl

lol halifax my average is 3p so treading water I like them so will hold lt.

Up 20% this am possibly 4p today.

Up 25% this pm expecting Texas news Friday

Up another 10% today with nws expected Friday this could go all the way.

No rns today maybe early next week.

Bought in at 4p already making a profit Looks good.

don't forget the spread, where's that news?

I'm in today too--a bit late but never mind I've a feeling there's plenty left!

Puntland Government have given approval to Afica oil to begin early 2010.

further good news

http://www.asx.com.au/asxpdf/20091221/pdf/31mvgqw9ms51vf.pdf

Just as well we had good news or the SP would've really dived!

skyhigh - not so sure - the more good news rrl gets just like gkp the lower the sp goes!!!! we need some bad newxs to get the sp up!!!!!!!!!!!!!!!!!!!! cant be doing with anymore good news!!!

madness!!!

somalia graveyard for all involved not worth even a "punt".

I'm out a one bagger for me.. gl.

mitzy so you dumped thought you were looking for 20p? keep pumping merry christmas.

theres always next year.

Buy Range Resources at 4.125p

Says James Faulkner of specialist small cap website WatsHot.com

ALL SET TO SPIKE IN 2010? www.uk-analyst.com

Share price unchanged .

http://www.svssecurities.com/SVSShowImage.aspx?pdfTitle=Range%20Resources%2027.01.10.pdf

This from another BB today.......I'm still in RRL...wtg good news and better SP level!

Investecs energy duo take aggressive weighting in US gas
By John Kenchington

Investec Asset Managements energy duo Mark Lacey and Jonathan Waghorn have adopted an aggressive weighting in US gas as they expect it to outperform oil in the next few years.
The former Goldman Sachs traders see upside of as much as 90 per cent in some of the gas stocks in their Luxembourg-based Investec Global Energy fund, as current gas prices are unsustainably low.

Mr Lacey says: We expect global gas consumption to grow at a higher rate than oil consumption over the next 10 years. Global gas consumption growth rates have been almost three times that of oil over the last 10 years.

The managers are targeting stocks such as Range Resources, the Australian small-cap oil and gas explorer, which they believe looks cheap.
http://www.ft.com/cms/s/0/f95376f2-3907-11df-8970-00144feabdc0.html

RHPS 20p share price target.

I have a position in this as well....what's hot (tip site)'s favourite stock.....god knows when they will get to drill the very promising Somalia assets...?, but the the other assets are enough to cover the sp...so the African upside is in for free....

excellent--thanks mitzy I've been holding these for a while it's nice to see some movement.

I've just bought a maiden stake here after hearing good vibes off several brokers.

looks like the frac news is out friday/monday at the latest - looks very positive is all over the other bbs.

I'm positive.

all we need is a negative....then we can charge away.....jump leads at the ready .,.

Upon well completion : a breakout into new highs just has to be on the cards, ....very volatile this sp, but a surge above 6p must be coming.

Looking good again......rise baby rise....

Going great guns here...6p plus here we come....

If the buying carries on ; there will be a shortage of stock here !.

And through the 6p barrier....

I'm still positive.

Well you need to connect the neutral and earth......

Might go past 7p the way this is going.

Trinidad acquisition now....wow !....

Great..!

lovely jubbly.,,.

Almost at 7p now....blimey !....

Kosmos oil hmmmm, this co mentioned in same breath as RRL. Anyone know about them? More than big enough to swallow RRL and they want to move back into Texan assets. Will keep my eye on the situation.

certainly an increase in buyers the last 20 mins.

well it looks good to regain at least 7p and the chart looks very pleasant if it can get over 7p, 10p short term target would be achievable.Loads of buying again.

rumours of a positive rns on Sun night in oz--great if so for Monday morning. GL all

these on fire this morning,any reason?

RRL seem to have a lot of "option" shares attached to them ?
is this a pay off for some local corrupt Minister or President.
What is the name of the beneficiary ? Shareholders should ask !

It is good if one can get a guaranteed upside and no downside -
options and warrants - watch out,
directors love to get their hands on them as well as a good salary.
Odd thing is, one can usually not buy them in the market

It is called " we don't care about our regular shareholder mugs"
lets grab what we can
I thought Somalia had no operative Gov. only pirates ?

RRL is definately not for me - what are you thinking ?

**Yep i agree rek maybe a short hold share, sell for profit soon,,, !!!

Bevly update:
TEXAS UPDATE - RUSSELL BEVLY COMMENCES PRODUCTION

Range Resources Limited ("Range" or "the Company") would like to announce that
production and sales have commenced from the Company's second well at North
Chapman Ranch, the Russell Bevly Unit #1. Less than seven weeks after
production casing was set in the well and the drilling rig released, the
Russell Bevly was turned to sales at approximately 1,000 Mcf of natural gas and
90 bbl of oil per day with approximately 8,000 psi flowing tubing pressure on a
6/64" choke from just one of four identified pay zones. The first zone placed
in production represents just 11 ft. of perforated Howell Hight formation
within total net pay thickness of approximately 130 feet.

It is anticipated that, similar to the Company's first well (Smith #1), the
well will flow naturally for a number of months before it is shut in and a
completion rig moved into place. Once the completion rig is in place, the well
will be fracture stimulated and additional pay zones added to boost rate.
Hydraulically fracturing the reservoirs creates additional permeability paths
from the reservoir to the well bore, increasing production rates from the
various pay zones, which in turn accelerates payout while improving reserve
recovery and overall economics.

The Company will continue to provide further updates on the progress of its
portfolio of assets.

It appears to me that Range Resources are primarily exploring in the USA.
It seems they only have a small interest in Puntland Somalia.
Here is something I read on the Toronto Venture Exchange about another Company.

"The way that I see it is that there will be no drilling in Puntland until there is a period of calm there. Sure the Puntland Government is the most stable in the country, but relative to what.

Problems, problems problems here. Originally there was no interest in Kenya or Ethiopia or not substantialy anyway. It was only when Somaila heated up too much for AOI and anyone else for that matter that Kenya and Ethiopia got some action.

There may be a lot of oil in Puntland and probably there is a lot of oil there, but w/o some semblance of security, there is a distinct problem.

For my bet, the Ethiopia play looks better, but even there, there is problems b/c the Somalis in the Ogaden region of Ethiopia can and have caused problems, most notably, they killed some Chinese oilfield personnel a few years ago on a rig. It will take a master deal maker for Africa Oil to get enough time to produce oil in that region.

The Lundins are very good at what they do, but Somalia is the real test of fire for them"

Invest by all means , but it is mainly USA Southern States based I understand.

Any comments

I am thinking seriously about building a position here over the next 2/3 weeks.

10 shares for a bit of a laugh is that?
or will you go for broke and buy 100?

For a 63 year old you are sometimes a very naughty boy..lol.

64 now, so will you still love me?

depends on what sort of position mitzy was thinking of.,.

in 5 years time just possibly may not be interested any more ... btw, never got your e-mail

sent two, maybe in your junk mail...... marked emu??

nope .... try to my office address; you have that but check you have the fullstop between the initial and the first letter of my surname (office addy) as without that, it just disappears into the ether .... i got the one about your disappointment with h'gate, so i wonder what happened subsequently

sp down a little today yet trade buy's double sells with a 1mil buy last thing..

On the move UP

Indicators at oversold, MACD is getting ready for divergence

3 month

News are expected........

Texas reserve report this week,

Georgia seismic and drill programe next week!

Due to the good cashflow, the price does not reflect the good EPS and undervalued PE of 2.9

Most likely due to drilling in risky areas, Georgia and Somalia, but the cash flow comes from Texas safe enough

That Atuk thread very quiet now rsi ?

Buy..buy..buy.

The B@stard " ravey" aka "SPINSTER " aka " CAT Lady" is on the prowling again with the STALKING business not RRL business

Get somebody else to F#ck you, I do not like urine smelly old ladies (1)

(1) Nothing againts old ladies

hmmm you certain have some disturbing thoughts swirling around your head !

Volume is going to be good today as there is as much volume as last friday on only 3 hours trading and more positive on a rising day.

Charting: another push and share price over the 20 days moving average, more positive signals

I am positive Master.

prowl ( "ravey" business )

To roam through stealthily, as in search of prey or plunder: prowled the alleys of the city after dark.

Looking better as it reaches 5.50 / 5.60p, so crossing UP the 20 days MA

Forging ahead 5.65 / 5.90 + 0.22p with volume 10 million in less than 2 hours

Nice upward increase today! long may it continue! staying in for more gains!

Nice movement today.

A very good day indeed, but the shares were hold back this afternoon, a bit of manipulation on the order book

Let say the volume was 14.5M buys for 13.50M sells when the price was 6.55 / 6.70p

and later at the end the volume was 25.6M buys and 19.6m sell and price 6.40 / 6.52p

I know the was delayed trades and "AT" at the wrong place, but I could see how some trades at bid side were withdrawn for no reason, but to make the bid side weaker, my conclution.

a huge volume at the end so more rise to come

Look at the buys this morning..

Isnt it good.

Did you read their announcement--oil and gas just about doubled!

Not quite double......

Oil and gas explorer Range Resources said a revised reserve report on its North Chapman Ranch field in Nueces County, Texas bumped up the commercially recoverable reserves estimate by 67%

Still negative after last weeks good news.

re - Still negative after last weeks good news.

Maybe not any more after today early marked down

From the "UPS" thread ..........

RRL 5.50p ( 5.40 / 5.60p )

Bouncing from a 61.8% fibonacci retracement this morning at 5.35p, after being well marked down on a weak order book at start, it went to 6.75p 3 weeks ago.

WATCH THIS FLY TOMOROW, news out on the ASX.
cyril

.

http://www.asx.com.au/asx/markets/equityPrices.do?by=asxCodes&asxCodes=rrs

.

Range Resources LTD
Georgian Seismic Review Results


18 November 2010


GEORGIAN ESTIMATE OF PROSPECTIVE GROSS OIL-IN-PLACE OF 2 BILLION BARRELS

Highlights:

* 68 individual structures, each containing stacked reservoirs, have been
indentified across Range's two Georgian Block's VIa and VIb;

* Independent best estimate of gross undiscovered and unrisked oil-in-place
across these identified prospects of 2.05 billion barrels (1.025b barrels
attributable to Range); and

* Six ready to drill targets identified with gross oil-in-place of 728m
barrels (Range 50% plus cost recovery).

Range Resources Limited ("Range" or "the Company") is pleased to announce the
initial results from the draft report entitled Seismic Interpretation, Field
Mapping and Evaluation of Prospective Hydrocarbon Volumes across the Company's
two Georgian blocks (Block VIa and Block VIb) completed by leading
International Oil and Gas Seismic Consultancy firm RPS Energy ("RPS").

RPS has identified a total of 68 structural culminations across the two blocks
(refer to figure 1) each of which potentially contains stacked reservoirs.
Total combined best estimate of gross unrisked oil-in-place across these 68
indentified structural culminations amounts to 2,045 million barrels. Recovery
factors for oil in place can be conservatively estimated at 30%.

Figure 1 - Prospects and Leads across Block V1a and Block VIb - please refer to
website.

Of the 68 identified prospective targets across the two blocks, 6 structures
have been prioritised as being ready for drilling. Of these 6 structures, total
gross unrisked oil-in-place has been estimated at 728 million barrels (364
million barrels attributable to Range).

A breakdown of the gross unrisked oil-in-place for these 6 `ready to drill'
prospects are as follows:

Prospect Unrisked Oil-in-Place (gross
100% basis)

Kursebi 1 (K1) 123 million barrels

Kursebi 2 (K2) 160 million barrels

Kursebi 3 (K3) 42 million barrels

Vani 1 (V1) 171 million barrels

Vani 2 (V2) 89 million barrels

Vani 3 (V3) 145 million barrels

TOTAL 728 million barrels

Figure 2 highlights a number of the prospective targets across the two blocks,
including the 6 prioritised prospects identified above.

Figure 2 - Numerous Prospects and Leads with Gross Unrisked Oil-in-Place
(MMbbls) - please refer to website.

Exploration and Production History

Oil seeps are widespread in Georgia, with exploration in the country having
commenced during the 19th century, by exploitation of the surface seeps and
shallow drilling beneath them. The first substantive discovery, the Supsa Field
near the Black Sea, was made in 1889 and still produces small amounts of oil
today.

Georgia is a reasonably well established hydrocarbon producing province with a
number of discoveries and seeps along the Greater Caucasus and Achara-Trialet
frontal folds, which are present along the northern and southern margins of the
two licenses, where there are numerous oil and gas seeps.

There have been a number small to medium discoveries to date, with the largest
being the Samgori field, which was discovered in 1974 and has produced more
than 165mmbbls to date, with an estimated 200mmbls of recoverable reserves. The
trend of oil discoveries in Georgia confirms the presence of a working
hydrocarbon system that extends from Georgia into the Black Sea.

Mobilisation / Drilling Scheduling

Range and Strait (its joint venture partner in the Georgian Blocks) are
finalising the mobilisation and drilling program and will update in due course.

Presentation

A copy of the presentation given at the Oil Barrel conference in London will be
put on the Company's website and also available on www.asx.com.au.


For and on behalf of the Board

Regards


Peter Landau
Executive Director

About time too..

worth 12p today I think.

Mitzy well done,myself took a small profit sometime ago. At a more realistic 8pish now,
only up 10% in Aussie.
cyril

Would you believe this ?..amount of oil in the ground might be huge....also this is isable.....yes....I could not believe it myself....

Might be..... the operative words.

True....quite a few assets and an income from Texas....

It maybe some >>>>>>>> Proselenes >>>>> POO

One knows when one does not hold the shares

7.25p double bottom was the low of the day

When is the first drill going to be ?

still moving ahead.

Range Resources starts work in Georgia
StockMarketWire.com
Australian oil and gas company Range Resources Limited has begun activities in the Republic of Georgia.

Range has hired Actual Geology International to carry out a 'helium' survey on the three top multi-stacked prospects identified by RPS Energy.

The prospects have estimated undiscovered oil-in-place of more than 450 mmbbls.

Results are due in January, allowing for rig mobilisation in February.

Shares were up 0.07p at 6.33p. Story provided by StockMarketWire.com