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.

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.