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

As an investment its a sell.

Range wishes to provide the following update on the Company's corporate and operational activities:
http://www.moneyam.com/action/news/showArticle?id=4795549

Guatemala Update
Range 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:

- Atzam #5 well has been successfully drilled to its planned total depth of 4,025 feet intersecting the lower C18, C19 and Coban D reservoir sections on structure

- Material oil and gas shows continually generated at surface from drilling final carbonate sections despite heavy mud weight used (9.5lbs) to maintain good hole condition

- Atzam #5 well is confirmed at TD structurally high to Atzam #4 (~66 feet) and Atzam #2 (~320 feet)

- Atzam #2 recorded initial flow rates in excess of 1,000 bopd from the primary C18, C19 and Coban D carbonate sections

- Electric logging suite to be run from 3,600 feet to 4,025 feet to evaluate primary carbonate reservoir sections - due to commence within 24 hours

- Flow testing program to start immediately following Schlumberger analysis on full suite of electric logs across all carbonate reservoir sections identified in Atzam #5

- Results of Schlumberger detailed logging evaluation expected within 7 days

- Interpretation by the Operator of initial logs run down to upper C18 carbonate sections at 3,600 feet indicated multiple potential pay zones starting from the C13 carbonates

- Logging indicates highly fractured potential reservoir sections- fracturing in carbonates normally provides assistance to flow rates

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

Turning upwards time to buy..?

This from II earlier - Range's lack of quarterlies overshadows Guatemala success

StockMarketWire.com
Range Resources said, given its focus on Trinidad, it has made a strategic decision for a partial withdrawal from Colombia and has relinquished its investment obligations on PUT-7 block in the Putumayo Basin in Colombia.

"Therefore, Range will not be pursuing the option to earn into this block," the company said.

Range's exit from PUT-7 block doesn't affect its position with regards to the farm-in arrangements in relation to PUT-6 block or to the $3.48 million performance bond that it holds over PUT-6.

The Company is currently reviewing its options with regards to PUT-6 and will update the market accordingly in due course.

US$12 Million Financing Secured

US$12 Million Financing Secured
Range is pleased to announce that it has entered into a Subscription Agreement with Abraham Ltd, a Hong Kong based private institutional investor (the "Investor"). Under the terms of the Subscription Agreement, the Investor will subscribe US$12 million in cash and will be issued with Ordinary Fully Paid Shares of the Company ("Share" or "Shares") at a price of £0.01 per Share (the "Subscription"), representing a premium of approximately 49% to the mid market share price at the close of business on
AIM on 14 May 2014 (being the business day immediately prior to this announcement).

At current exchange rates, the Subscription will be for approximately £7.1 million and will result in the issue of approximately 712 million Shares. The Subscription is in two tranches and the number of shares in each tranche will be dependent solely on the exchange rate between GBP and USD at the time of completion. Upon completion of the two tranche Subscription, and subject to shareholder approval, the Investor is expected to hold approximately 15% of the enlarged share capital of the Company.

The funds will be used to repay existing debt, including convertible instruments that have diluted the Company's equity over recent months. As announced on 30 April 2014, the Company's total debt at that date was approximately US$10.5 million. The remainder of proceeds of the Subscription will be used for general working capital of the Company.

Appointment of Chief Financial Officer


Range is pleased to announce with immediate effect the appointment of Mr. Nick
Beattie as Chief Financial Officer ("CFO"), to be based in London.

Nick Beattie, aged 40, has over twenty years of experience in finance working
with a range of international banks. Most recently Nick was a Managing
Director in the BNP Paribas Upstream Oil and Gas team in London where he was
responsible for leading the bank relationships with UK focused independent E&P
companies. He has approximately ten years' experience specifically financing
the E&P sector and whilst at BNP Paribas, Nick structured and led numerous
reserve based loans, development financings and other debt facilities. Prior
to working with BNP Paribas, Nick worked as a Director within the Oil and Gas
finance team at Fortis Bank covering Europe, Middle East and Africa and in a
variety of roles with National Australia Bank Group. Nick is an Associate
Member of the Association of Corporate Treasurers and a Fellow of the Chartered
Institute of Bankers in Scotland.

US$12 Million Financing Update

PRNW



29 May 2014

ASX Code: RRS and AIM Code: RRL

Range ResourcesLimited

("Range" or "the Company")

US$12 Million Financing Update

Range is pleased to confirm that, further to the previously announced US$12
million financing with Abraham Ltd (the Investor) (see announcement on 15 May
2014), the full Subscription proceeds of US$12 million have been received by
the Company.

As per the terms of the Subscription Agreement, the Investor will now be issued
with Ordinary Fully Paid Shares of the Company (Share or Shares) in two equal
tranches. In each tranche, the Shares will be subscribed at a price of £0.01
per share, representing a premium of approximately 49% to the mid market share
price at the close of business on AIM on 14 May 2014.

Based on the applicable exchange rate for the first tranche of US$6 million,
the Investor will subscribe for 356,188,780 Shares which will be issued on or
around 28 May 2014 and admission to trading on AIM is expected on or around 6
June 2014.

The second tranche of Shares is subject to shareholder approval. The US$6
million will be repayable to the Investor if Range shareholder approval is not
obtained within 60 days of the date of signing the Subscription Agreement for
the issue of the second tranche of shares and for the warrants (as set out on
the announcement on 15 May 2014). The Company will provide details of the
upcoming General Meeting via a separate announcement.

Upon completion of the two tranche Subscription, and subject to shareholder
approval, the Investor is expected to hold approximately 15% of the enlarged
share capital of the Company.

The funds will be used to repay existing debt and for general working capital
of the Company. Further details on debt repayment will be provided in due
course.

Terms used in this announcement shall have the same meanings given to them in
the announcement on 15 May 2014.

Clarification to the announcement released on 27 May 2014

The Company notes an administrative error in the announcement released on 27
May 2014 `Issue of Shares'. The conversion price of 67,666,667 Ordinary Fully
Paid Shares pursuant to the conversion of debt is $0.01 per share and not
$0.001 per share as previously stated.

Yours faithfully


Rory Scott Russell

What happened to Peter L., his name is never mentioned these days? Think we have still a long wait on this one dc.

Trouble is, the squillion shares now in issue.

He is still in the back ground 3m. He should be gone. A share consolidation in the future perhaps. A good run needed from Trini and some good hype with Puntland and the sp may advance. I did say may.

You know I do not like share consolidations dc - you naughty boy. It will take more than a share consolidation. We pay our money and take the chance, hope you are okay, weather awful for the end of may but that is England. Potatoes doing better than rrl - ha! ha!

Lol 3monkies.

Change of Advisor

Range is pleased to announce that it has appointed Cantor Fitzgerald Europe as
its Nominated Adviser and Joint Broker with immediate effect. GMP Europe will
continue to act as the Company's Joint Broker.

Maybe Range should start digging for potatoes then 3M!

They might be better at it kim.

Beaufort Securities -


Range Resources (LON:RRL)

Further to its announcement on 15th May 2014, Range Resources announced successful securing of a US$12m subscription proceeds from Abraham Ltd. In return, Abraham Ltd would be issued 356.2 million fully paid shares of £0.01 each, totalling US$6m, in the first tranche of placing. These shares are expected to start trading on the AIM from 6th June 2014. The second tranche of share issue at £0.01 each would be subject to shareholder approval, failure to which would lead to repayment of the remaining US$6m to Abraham Ltd. Range intends to utilise the funds for repayment of its existing debt and for the general working capital requirements. The stock climbed 8.5% in yesterday’s trade.

Our view: This latest round of successful funding, for up to US$12m, is in addition to the recent placing of 25 million shares at US$0.01 per share. These funds are likely to bolster the progress of the company’s ongoing work programme. The recent appointment of Mr. Nick Beattie, with over 20 years of experience in finance and prior exposure to the oil & gas industry, as the new Chief Financial Officer (CFO) also bodes well for Range. Meanwhile, with the farm-in agreement with Niko Resources and clearances for several drilling operations at the Beach Marcelle project, Range continues to develop onshore Trinidad oil assets. Last month, the company had also entered into a memorandum of understanding (MoU) with China’s LandOcean Energy Services for the development of international oil and gas projects. Considering these positives and the ongoing fiscal incentives in Trinidad and Tobago, we maintain a Speculative Buy rating on the stock.