.

I was positive way back Chris. If it goes tits up so be it. It would be unfair for me to name the oil companies that I feel have a huge following, but I cannot see why.
Perhaps thats why you think I am invested in rrl. I take advice and decide myself.
Are you not positive in what you have invested in. Im not out for it to be share of the year. Investing in an oil company is a gamble more then say Tesco.I am not that way inclined, if it does make it great. Im not going to ram it down your throat and say i told you so.

chirs i am in large rrl
potential upside is huge
forget my riddles straight talking and STRAIGHT to the traders
i sit there daily
up there back passage we are in
gla
and i will back allll up

Ok fair play, goodnight mate.

this is citi group back to help
ALWAYS THERE a one off

http://www.youtube.com/watch?v=CTdR6BrRvX8&feature=related

RRL held on the ASX

RRL UP 2.56% ON THE ASX

not just range big interest
rrl will be a buy out

gl

http://en.wikipedia.org/wiki/Oil_exploration_in_Puntland

still worth a spot imo
then move on to trin and georg plus teaxas at cetera

We need news first. Great for tomorrow.

24 August 2011 | By Henry Brennan

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.The undervaluation of the oil companies cannot continue for much longer, according to the Junior Oils Trust.




Angelos Damaskos
The recent weaknesses in the global markets, including the free-fall in August have contributed to the dislocation of share prices from the price of oil.

Companies are therefore undervalued, and this dislocation cannot continue for long, says Angelos Damaskos, the fund advisor for the Junior Oils Trust.


Having positioned the portfolio defensively since the beginning of the year, taking out significant cash positions alongside a 14% weighting to corporate bonds, the fund is moving back into equities to take advantage of what is being seen as a strong buying opportunity

dc
it is happeing
take care

here is my best extract
easy cash

Range Resources purchases exploration rightsRange Resources purchased 50.1% of Consort Private's exclusive rights to the Dharoor and Nogal blocks on October 5, 2005 in exchange for $2,500,000 USD in cash, 17 monthly payments of $200,000 USD, 85,000,000 shares of Range Resources stock and a further 85,000,000 stock options.[4] In June 2006 the remaining 49.9% was purchased from Consort Private with the key assistance of Sir Sam Jonah, who became the non-executive chairman of Range[5]

The deal had several terms, which hinged on certain conditions:

6 month exclusive option to acquire Consorts interest on the terms set out below with an option fee of 100,000,000 listed Range shares (RRS) and 50,000,000 stock options (RRSO) payable subject to any necessary shareholder approvals;
750,000,000 Range ordinary fully paid shares, 375,000,000 stock options (unlisted, $0.05 USD, expiring October 1, 2010) and $10,000,000 USD conditional on shareholder approval and the completion of a minimum $25,000,000 USD capital raising;
A further payment of 750,000,000 Range ordinary fully paid shares, 375,000,000 stock options (unlisted, $0.05 USD, expiring October 1, 2010) and $20,000,000 USD conditional on shareholder approval and upon completion of the first hydrocarbon well drilled in Puntland;
2.5% net royalty on the Puntland Projects;
Range Resources issued a press release the same day stating that the TFG had signed off on the deal. The Prime Minister of the TFG, Ali Mohamed Gedi, fired back less than a week later on October 16, 2005, refuting this claim in a letter to the Australian Stock Exchange, where Range Resources is traded.

On November 2, 2005, Ali Mohamed Gedi finally accepted an "amendment of contract" between Puntland and Range, removing the last legal hurdle between Range and exploration. Range Resources does not have agreement from the traditional leaders and the civil society organizations of the SSC regions - where most of the oil prospecting is taking place. From a legal standpoint, it does not appear to need it.[citation needed]

[edit] CriticismThe manner in which Puntland and their partners (Range Resources LTD, Canmex/African Oil Corp and other linked parties) have explored for minerals, oil and gas in the Dharoor and Nugaal valley has drawn criticism both within Puntland, Somalia and in the diaspora. Somalia is a patchwork of overlapping administrations, clans and traditional authorities, which in Puntland includes the Transitional Government, the Puntland Government, various traditional Harti clan leaders, and individual loyalties to a particular warlord or business leader. The President of Puntland has chosen to place himself above all these other authorities within Puntland, and critics claim the oil, mineral and gas exploration in Puntland has become an engine empowering conflict and war in northern Somalia. Since exploration began, this has spawned Puntland's war with Somaliland, Maakhir's purported break with Puntland, Somaliland's war with Maakhir, gun-battles outside of the Puntland State legislature, and a great deal of political uncertainty.[citation needed]

The Northern Somali Unionist Movement (NSUM), a Somali organization of unclear size or influence, claiming members and supporters from Sool, Sanaag and Cayn regions in the northern regions of Somalia, which are thought to contain some of Somalia's most promising geology oil wise, has issued a warning[6] to mineral and oil companies that they view their agreements with the Puntland and Transitional governments to be illegitimate and non-binding.

[edit] Exploration problems and political instabilityOn February 26, 2006 the Puntland Parliament faced a confidence vote on President Hersi's Council of Ministers. Heated argument and disputes in the parliament turned ugly, and by the next day at least three armed men were reported dead near Garowe's Parliament House.[citation needed] The Puntland minister of planning and international cooperation, a key player in the negotiations with Consort Private and chief opponent of Range Resources/Africa Oil Corp. deal, Dr. Abdirahman Farole,

[edit] Canmex/Africa Oil Corp. gets involvedA Memorandum Of Understanding (MOU) signed on October 10 2006 between Canmex Minerals, Range and Puntland granted Canmex an 80% interest in the "licenses and operatorship" of the Dharoor and Nogal blocks, contingent upon:

Canmex to pay to Range a signing bonus in the aggregate amount of $5,000,000 USD within 10 days of signing the agreement[7]
The financial commitment over an initial four year period of $50,000,000 USD in exploration expenditures; and
The payment to Range of an additional $3,500,000 USD upon commencement of commercial production
With the signing bonus paid, and with approval of the Puntland parliament, Range, Puntland and Canmex hammered out a Production Sharing Agreement on January 23, 2007, that confirmed the terms of the MOU signed in October.[8]

In order to meet their financial obligations, Canmex sold 4,000,000 common shares in a non-brokered private placement in order to raise $20,000,000 USD.[9]

Canmex officially renamed itself Africa Oil Corp. (AOI.V) on August 20, 2007.

Thanks gibby

dc you are welcome
rrl coming good
historic a few years
but hey hoe we are in now

gibby great. A lot buying on RMP today, long hold of sp.

Either you guys are on drugs or I am looking at the wrong graph, 'cos (sadly) the trend is till down, so your efforts to boost the sp are falling on stony ground.

No i am not on drugs?

Ah, wrong graph then? ;o)

Harry this is why i invest in rrl. From a top poster on interactive investo ii. I pedro
thank you. I would tell you why, but someone would tell me i am talking cr-p. So other investors are thinking the same. Time will tell






Why Invest in Range Resources? iPedro 35




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Trinidad Company-Making Asset
-----------------------------------------------

No investment made in the last 5 years
Currently only exploiting 5% of the 2P reserves.
4000+ bopd is forecast over the next 3 years just from identified 2P reserves (21-well drilling program).
20m identified prospective resources.
13 seismic-mapped Herrera prospects starting this year - each one est. 20-120m OIP.
Altogether over 250 identified, fully-funded, drillable targets over the next 4 years.
Range owns the entire oil production infrastructure and staff, so no reliance on:
JV partners like Africa Oil
Drilling subcontractors
Rig Infrastructure, equipment, casing, etc
Workshops
Trinidad was bought for $60m - Currently worth 140m
Range owns 100% of the Trinidad licence - repeat this to yourself as required


Initial 21-well drilling program of shallow well production over the identified 2P reserves of the Forest and Cruse formations will be the cash underpin that will steadily increase until Q1 2012. Considerable further upside lies in the 20m prospective reserves, plus 13 deeper (about 3500 metres), Herrera formation drills to start in October.

In 2012, perhaps (no solid plans as yet), drilling of deeper Upper Cretaceous formation that is believed to contain billions of barrels of the stuff. Imagine getting a sniff of (100% of) that. Trinidad lies in the Eastern Venezuela basins that contain the largest containment of oil in the world. The Orinoco-Heavy-Oil-Belt contains over a trillion barrels of OIP.

http://geomarkresearch.com/res/Regional%20Studies%20Proposals/South%20America/Venezuela%20Oil%20Study.pdf


Georgia
------------

Currently waiting in anticipation of an SP-boosting find of over 100m bbls of OIP.

http://www.rangeresources.com.au/operations/georgia/


Puntland
--------------

Further mind-numbing possibilities of over 2bn bbls OIP from 2 wells over the next 12 to 18 months, starting Q4 2011.



So there it is. I haven't mentioned Texas, but you'll find out about that one as you DYOR.
Current share price is underpinned by Texas and Trinidad assets alone, with room for considerable upward movement upon hitting the bigger stuff.

Why not get in now and wait for the magic to happen?

In answer to the last paragraph, because with all the JV's, exploration, drilling, potential, anticipation etc etc the sp continues to decline. The stock market is littered with small companies who have 'Further mind-numbing possibilities', but never seem to achieve them. As previously posted, I have a small stake here, but this is turning out to be yet another VOG, SEY, GOO, AST, JLP, OXS, PCI, DES.........very disappointing so far, but my own fault for listening to the hype which hints at jam tomorrow (actually 4 years away in some instances).
And just to add a personal comment on Trinidad. If you have ever been there you will understand that it is a very corrupt and lawless environment. It may seem to be a tropical paradise, but organised crime and political ineptitude is the reality and I imagine it is a very tricky place for outsiders to do business.