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.

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
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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