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.

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