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

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

And down it goes. More Jam tomorrow.

Quarterly Activities Report and Appendix 5B

http://www.moneyam.com/action/news/showArticle?id=4697437

Range Prepares for Seismic in Puntland

Monday, November 4, 2013


http://www.petroleumafrica.com/range-prepares-for-seismic-in-puntland

More excitement on the way DC?! :o)

Lol, kim is that what you call it.

Haha! Maybe it will be more cr*p then?!

lols kim! but agreed

gl

could they go sub 1p.

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:

- Construction of the Atzam #5 drilling location has been completed and the
well conductor casing is now set down to 100 feet

- The Harold Lee 500 drilling rig is being mobilized to location and will be
drilling ahead towards initial reservoir targets in next few days

- Drilling schedule for Atzam #5 is 40 days to total depth target of 4,100
feet

- Primary reservoir targets are the C17, C18 and C19 carbonate sections

- Atzam #5 well to target the same carbonate reservoirs as Atzam #4 production
well - 2.3m barrels of 2P reserves which excludes the C18 and C19 carbonates

- Atzam #4 production continues on a highly restricted choke (12/64 inch),
with no water production to date

- Significant exploration potential on Atzam Oil Field - 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.

Why don t they rename this company FFS? Thats what comes to mind every time I read their c**p [sorry - press/RNS releases]. LOL :))

Lol!

Trinidad update:

http://www.moneyam.com/action/news/showArticle?id=4712651

more jam tomorrow - maybe they should rename rrl hartleys or Robinsons or something similar - red again

bit of a mini bounce by the looks....

StockMarketWire.com
Range Resources Limited said the farm-in agreement has now been formally executed with Niko Resources Ltd, the Canadian exploration and development company, regarding the Guayaguayare block in Trinidad.

Range would increase its Trinidad footprint by 280,000 gross acres through the formal execution of a farm-in with Niko Resources. The Farm-in provides Range with broad exposure to both onshore and offshore potential with excellent synergies between Range's three existing blocks and the Guayaguayare block.

The farm-in agreement was subject to final regulatory approval.

Under the terms, Range would earn 50% of Niko's existing interests in the deep and shallow rights covering both onshore and offshore areas.

The consortium would drill two onshore wells: one shallow onshore well to a maximum of 5,000 ft., and one deep onshore well to a minimum of 5,000 ft.

The two onshore wells would test approximately 22% of the prospective resource estimate with the wells to be drilled in the vicinity of the Beach Marcelle Field.

The Beach field itself has produced over 30 MMbo to date. In the event of a discovery from either of the two initial wells, the consortium will then look to drill an initial appraisal well. The first well is targeted to spud in early 2014.