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.

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