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Interview with Peter Landau - Executive Director.

http://www.rangeresources.com.au/MiningMaven-Interview-with-Peter-Landau.101.0.html

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Market Opening times over the holiday period :

Friday 24 December 2010 Markets close from 12.30
Monday 27 December 2010* Closed all day
Tuesday 28 December 2010* Closed all day
Wednesday 29 December 2010 Normal business day
Thursday 30 December 2010 Normal business day
Friday 31 December 2010 Markets close from 12.30
Monday 3 January 2011* Closed all day
Tuesday 4 January 2011 Normal business day

Possible news flow in Q1


January 2011

East Cotton Valley Spud
Monitor/Range Trinidad deal completion
Puntland PSA extension
Georgia CPR
Georgia Helium results
NCR 3rd well Spud


February 2011

Georgia Mobilisation and spud (but maybe March)
NCR Total Depth


March 2011

Georgia 1st drill results late in the month.
Puntland Mobilisation



A very exciting Q1 indeed.

Yes i'm looking forward to some exciting times, helps to rid oneself of winter blues......

This one will be exciting in Q1, thats for sure GB.

http://uk-analyst.com/shop/page-article/action-article.show/id-130009689

The 12 Tips of Christmas - Part 2

Over the Christmas period UK-Analyst brings together 12 of the UK's foremost investment experts to give their top t1ps for 2011. In part two we present...

Buy Range Resources at 7.125p says James Faulkner of WatsHot.com

Range Resources (RRL) - Take a punt on Puntland

Being the editor of WatsHot.com I am prone to taking a punt on some of the more exotic plays on the market. Although shares in Range Resources have risen by more than 100% since I first tipped them back in January 2010, I believe they still look great value and they might - just might - yield some big surprises for investors in 2011.

Underwriting the investment case is a strong and growing production business, which it has put together through some savvy deal-making. Range holds a 25% interest in the initial Smith #1 well and 20% interest in further wells on the North Chapman Ranch project, Texas. The project area encompasses approximately 1,680 acres in one of the most prolific oil and gas producing trends in the State of Texas. Drilling of the first well has resulted in a commercial discovery with independently assessed gross recoverable reserves in place of 240 billion cubic feet of natural gas, 18 million barrels of oil and 17 million barrels of natural gas liquids. Range added to its acreage in Texas in June through the purchase of a 13.56% leasehold interest in 1,570 acres encompassing a recent oil discovery in Red River County, for $0.254 million.

An independent report later that month estimated total gross commercially recove rable Reserves (1P, 2P and 3P) at 5.4 million barrels of oil (attributable to Range - 0.7 million barrels), with Range's interest valued on a discounted cash flow basis (using a 10% discount rate) at $18 million. In July the company followed up with the acquisition of a 10% interest in producing fields in Trinidad, where it believes it can quickly ramp up production to 3,500 barrels of oil per day from the current rate of 700 barrels of oil per day. Upcoming newsflow for 2011 includes fracture stimulating of the Russell Bevly well and a 3-4 well drilling programme on North Chapman, as well as the commencement of production ramp-up in Trinidad.

Whilst the production business provides the backbone of the valuation, it is the exploration side that could really set things alight in 2011. The firm has a 20% stake in the Nogal Basin and Darin Basin Blocks in Puntland, Somalia. Just one of the two blocks is purported to contain between 2.2 billion and 10.4 billion boe (barrels of oil equivalent), and there is every reason to believe the other basin offers similar prospects. Range was recently given the go-ahead by the Puntland administration, with the drilling of the first exploration well by its farm-in partner Africa Oil scheduled before the end of Q2 2011. Notably, Range is free carried until Africa Oil has spent the $50 million earmarked for exploration. Even modest drilling success in Puntland could see Range shares rocket.

Further upside potential rests with its acreage in the Republic of Georgia, where seismic results produced a prospective es timate of total oil-in-place of 2.05 billion barrels (1.025 billion barrels attributable to Range), across 68 individual structures. Rig mobilisation is due in February.

With plenty to look forward to in the New Year, the shares rate a speculative buy, at 7.125p.

Bit of strength again today.

Coulld be the new XEL....if I can put it that way......I'm expecting the sp to go ballistic at some stage during 2011.....whether it will do or not we shall see....

Very nice rise today, good buying volume..

Yep, good strong close.

Strong opening.....much to come from this one in 2011....

And do not forget, you can put RRL into an ISA, as its dual listed AIM/ASX.

http://www.smallcapnews.co.uk/article/Oil_Gas_RoundUp_2010_North_and_South_America/8727.aspx


.........Range Resources (RRL) has been building momentum all year principally by bringing two wells into production at the North Chapman Ranch field in Texas and publising an independent report which attributed 2P reserves of 19.6 bcf of gas and 1.5 million barrels of oil to Range Resources' share of the wells. Also, in November Range Resources disclosed that in the Republic of Georgia, seismic data has thrown up 68 indiviual structures with an estimated gross oil in place prospective resource of two billion barrels. Six of these structures are considered ready to drill and Range anticipates a rig will be mobilised in February 2011. Range has a 50% interest in the Georgian licences. The share price has responded accordingly rising from 2.97 pence in January to finish the year on 8 pence. ...........


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Worth a read :

http://www.ibtimes.com/articles/96738/20110102/oil-natural-gas-crude-futures-2011-outlook.htm

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Ticking up nicely in Oz at the moment, 8.5p equiv.

Hopefully will get off to a good start over here...

Yep, its off to a very strong start, as expected.

Yes Prose most of my holdings blue.. with luck stay that way!!!!

I think this might be a star of 2011.....right way of doing things.....earnings in a stable country (USA)...with incredible high risk, high reward in far flung countries,.. but if it goes pearshaped.... can always fall back on their reliable assets....impressive.....

Yes RF that makes it a share to be in!!!!!!