Range Resources Limited is a dual listed (ASX:RRS; AIM:RRL) Trinidad-focused independent E&P company, with a 100% interest in three onshore production licenses, namely Beach Marcelle, South Quarry and Morne Diablo, as well as additional highly prospective exploration acreage on Guayaguayare license (farm in) and newly awarded St Mary’s licence.The Company is focused on growing its production through waterflood projects, combined with extensive shallow onshore development drilling programme.

The Company has independently assessed Proved reserves (2P) in place of 22.1 MMBO.

Range has further interests in Guatemala; Puntland, Somalia; Colombia; and Georgia.


http://www.rangeresources.co.uk/about.asp

Range Resources: Trinidad news is 'unambiguously' positive, says OPL
By Giles Gwinnett September 16 2013, 11:41am 'After a long period of production decline in Trinidad, there has been a substantial expansion of E&P activity in Trinidad in recent years and this is expected to continue as the government improves the fiscal terms available to companies investing in upstream oil and gas activities,' says analyst Barney Gray, who rates Range a 'buy'."After a long period of production decline in Trinidad, there has been a substantial expansion of E&P activity in Trinidad in recent years and this is expected to continue as the government improves the fiscal terms available to companies investing in upstream oil and gas activities," says analyst Barney Gray, who rates Range a 'buy'.

Range Resources (LON:RRL, ASX:RRS) is in a "strong position" to benefit from the improving fiscal landscape for oil and gas firms in Trinidad and Tobago over the next three years, reckons broker Old Park Lane.

It comes after a budget statement on September 9, which revealed measures specifically rewarding those firms with accelerated exploration and development programmes.

Under the proposals, companies will be able to recover 100% of their exploration costs during the first year from 2014 to 2017.

From 2018, they will be able to recover 50% of their exploration costs in the first year, 30% in the second and 20% in the third.

For development work, the proposed incentives allow for 50% recovery of cost in the first year, 30% in the second and 20% in the third compared to the current system which mirrors recovery for exploration costs.

"After a long period of production decline in Trinidad, there has been a substantial expansion of E&P activity in Trinidad in recent years and this is expected to continue as the government improves the fiscal terms available to companies investing in upstream oil and gas activities," says analyst Barney Gray, who rates Range a 'buy'.

"Range is still awaiting completion of the sale of its Texas assets for which the company has received a $1mln non-refundable deposit and has extended the deadline for the completion of the deal.

"The company will update the market when the balance of the funds has been received. Meanwhile, the news from Trinidad is unambiguously positive and Range is in a strong position to benefit from the improving fiscal environment over the next three years."

Trinidad and Texas Update

http://www.moneyam.com/action/news/showArticle?id=4668477

Range Resources welcomes new Trinidad tax breaks
By Proactive Investors September 16 2013, 8:51am The reforms provide tax incentives for the oil and gas sectorThe reforms provide tax incentives for the oil and gas sector

Range Resources (LON:RRL, ASX:RRS) is poised to benefit from proposed new fiscal incentives introduced by the Trinidad and Tobago government that reward companies with accelerated development and exploration programmes.

The reforms provide incentives to companies that invest in exploration and production, ensuring the oil and gas upstream sector becomes more competitive with higher activity levels.

“We welcome these further incentives proposed by the Minister, which certainly encourage increased development and exploration activities for the upstream companies operating in Trinidad, and in turn further accelerate the production growth in Trinidad,” executive director Peter Landau said.

“Range will be poised to take full advantage of these incentives, as it looks to accelerate both its development and production activities on the existing reserves, along with its exciting intensive exploration programme both internally and in partnership with Niko Resources.”

The new incentives allow for further accelerated capital deductions than the past.

Under the proposed incentives, companies will be able to recover 100% of their exploration costs during the first year from 2014 to 2017.

From 2018, they will be able to recover 50% of their exploration costs in the first year, 30% in the second and 20% in the third.

This compares with the current initial allowance of 20% for tangible and 10% for intangible assets and annual allowance of 20% of cost less IA for tangible and 20% of residual for intangible assets.

For development work, the proposed incentives allow for 50% recovery of cost in the first year, 30% in the second and 20% in the third compared to the current system which mirrors recovery for exploration costs.

Companies will also be able to recover all of their costs for workovers and qualifying sidetracks during the first year.

In addition to these capital allowance proposals, the investment tax credit (being 20% of capital expenditure) against the Special Petroleum Tax is now able to be carried forward into the subsequent year, where previously it was only able to be claimed in the year expenditure was incurred.

Further to its previous announcements, whilst the purchaser of its Texas assets continues to indicate that it is proceeding to complete settlement of the acquisition, Range is still awaiting receipt of the final consideration for the sale of its Texan assets.

Range has agreed to extend the settlement deadline and will update the market when funds are received.

Done wonders for the sp!

In the 1's soon. Ring up PL and tell him its not the first company to ''0'' .Real shareholder value, I feel privileged holding these.

Ah! We are indeed privileged. Erm, hang on a mo, just looking up privileged in the dictionary. Oh! What? I thought it meant ripped off! :o)

One day these will come good, I just hope I am not asleep on that one day! ;o)

lol

P.L. has taken the privileged P more like it!!!

Target price: 11.0p/A$0.17

http://www.directorstalk.com/wp-content/uploads/2013/09/RRL-16-09-13.pdf

Annual Financial Report

http://www.moneyam.com/action/news/showArticle?id=4676651

sp approaching "rock bottom"?

Great - one lesson learned sell, whenst in profit and not hang on.

Nothing new, continued hot air ! Nothing being concluded, embarrassing !

Guatemala Update
Range Resources Limited ("Range" or "the Company") would like to draw attention to the announcement released today by Citation Resources Limited (ASX:CTR) with respect to the Company's interest in Guatemala with the following highlights:

- Latin American Resources (the operator) recently completed its second oil
sales contract and delivery of over 3,500 barrels to Perenco Guatemala;

- Total sales exceeding of 9,000 barrels completed during August and
September;

- Net revenue received approximately $65/ barrel;

- Atzam #4 well on continuous production throughout September - strong well
head pressure maintained +300 psi on highly restricted choke (12/64 inch), still no water production;

- Atzam #5 well drilling to commence in October- unseasonal heavy rainfall in
September has delayed drilling pad construction and spudding of well;

- 20mmbbl 2C contingent resource estimate under review following Atzam #4
success; and

- Significant exploration upside at Atzam - unexplored salt dome and anticline
structures to be evaluated and tested in 2014.

Range has a direct and indirect 32% interest in the Guatemalan Project.

50% since the start of the year..Down.

Could these go sub 1p..?

So basically junk stock? What a hopeless company. Never delivered. Jam tomorrow and of course, tomorrow never comes!

StockMarketWire.com
Range Resources is considering a range of corporate alternatives to its proposed merger with International Petroleum.

This follows International Petroleum entering into two binding conditional terms sheets for the sale of its assets in Kazakhstan and Russia for US$60m.

Range announced the proposed merger with International Petroleum in April. Range said this was likely to be conducted as an off-market takeover offer by Range to International Petroleum shareholders.

In conjunction with the proposed merger Range has advanced US$8m in secured loan financing to International Petroleum.

Range said that while the sale process for the Russian assets was known to and supported by the Range board, the final terms of the proposed transaction, and the sale of the Kazakhstan assets have only now been defined.

It adds: "As a result of clarity on the sale of these assets, the likely proceeds from this sale and the associated shift in focus of International Petroleum to its African assets, Range will now identify and consider a range of corporate alternatives to the original merger proposal, which may or may not include a merger of the two companies - albeit on terms to be renegotiated."

StockMarketWire.com
Range Resources Limited notes the announcement by Citation Resources Limited today regarding its interest in Guatemala. Range has a direct and indirect 32% interest in the Guatemalan Project.

The highlights are as follows:

- Atzam #5 development well to spud in November - construction of drilling location significantly advanced after heavy late season rains during September and early October

- Atzam #4 continues on production - strong flow rates and well head pressure maintained (250-300 psi) on highly restricted choke (12/64 inch), with no water production to date

- New sales contract for 1,500 barrels completed with Perenco Guatemala

- Total sales exceeding of 13,000 barrels completed since August

- Revenue netbacks received of approximately $60 per barrel

- 20mmbbl 2C contingent resource estimate under review following Atzam #4 success

- Material exploration upside at Atzam - unexplored salt dome and anticline structures to be evaluated and tested in 2014

- Planning for Tortugas Salt Dome re-entry operations on 63-4 and 63-5 wells are advancing with the Operator and relevant service providers.

Annual Report and Notice of Meeting

Comapny Update