.

Charting is also positive the rise from bottom with volume on the 16th then retracement and finally today bounce back with volume again

From British bulls tonight .............
BUY CONFIRMED

RRL 9.5250 +0.6800 +7.69%

Candlestick Analysis
Todays Candlestick Patterns:
White Candlestick

Our system posted a BUY CONFIRMED today.

BUY-IF is confirmed by a white candlestick with a higher open.

Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a BUY-IF confirmation but today it is. The market opened with a gap up and the days activity resulted in a close higher than the open. This is a valid confirmation criterion. The market is now ready for a bullish move.

http://newsstore.fairfax.com.au/apps/viewDocument.ac?sy=tpl_nws&ss=TPL&docID=GCA01233142RRS&backTo=http://www.tradingroom.com.au/apps/qt/quote.ac?code=rrs

http://www.asx.com.au/asxpdf/20111026/pdf/4220nx553dbfwg.pdf

Noting post 2307, shades of truth. Despite Marauders Ceo's claims they have signed a JV, this just isn't true, yet, which is what I was alluding to last night.

And here it is :-

Range Resources LTD
ASX Price Query

26 October 2011


Via e-lodgement


RE: PRICE QUERY


Range Resources Limited ("Range" or the "Company") wishes to announce that in
response to a query from the Australian Stock Exchange ("ASX") that:

1. The Company notes that it is aware of chat room speculation regarding
completed deals involving offshore Puntland and an eastern portion of the
Nugal Valley, Puntland with a TSX listed vehicle.

2. The potential deals whilst at an advanced documentation stage, are not
completed and not material until such time as a number of key conditions,
approvals and agreements are finalised and obtained.

3. As shareholders are aware, the Company is actively exploiting all four of
its project areas with development drilling and updated reserve reporting
in Texas and Trinidad, key VSP and coring test work at the 1,550m at the
Georgian - Mukhiani 1 Well and mobilisation activities in Puntland.

4. A comprehensive update will be released at the end of the week once all
material information is received.


For and on behalf of the Board

Regards
Peter Landau
Executive Director

Investors waiting for the news due.

should finish today strong - nice and blue here and volumes increasing

My view is if Georgia is bad news (i do say if) there should be other news to balance
the news. Good to see 10p

wash your mouth out dc - did i hear you say the word 'bad' lol!!! i personally think this is going to be good news not just because i am in but because this is a known area - add that to all the other potentials and rrl can only add up to one thing - kerrrrrrrrrrrchinnnnnnnnnnnngggggggggggggggggggggggggggggggggg!!

expect to see more blue here today - i would not want to be out of rrl tonight!!!!!

and volumes very high here right now - strong orders flying in

All good stuff, as they say.

oh yessssss

20M + today so far and volumes on a steady rising curve

yeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

i would not wanna be outta rrl tonite :-)))))))))))))))

Not entirely sure what to expect from the promised RNS tomorrow. I'd guess that Georgia will not have reached TD, assuming they are still drilling and therefore no bad news to come from that direction just yet.

I would expect encouraging news from Texas and Trinidad.

Not much to report from Puntland, although spudding of the well can't be far away so possibly a Africa Oil have set a date.

Overall, I'm guessing more positive than negative and should see the SP continue to recover.

Probably wide of the mark, but good luck to holders :-)

ptholden, I think you are about right. TT flow rates,I hope are very good. As you say lets hope you are wide of the mark and news comes in even better.

yes good summary - good should out weigh the bad imo and more blue hopefully
have a good evening all

In auction.

RNS not available here yet

Company Upate.

COMPANY UPDATE

Range Resources Limited ("Range" or "the Company") is pleased to announce the
following updates with respect to the Company's assets. Given the need for
regulatory sign off in Trinidad a more comprehensive update will be provided
next week.

North Chapman Ranch - Texas

Drilling is progressing ahead of schedule on the Company's Smith #2 development
well in North Chapman Ranch. The well is currently drilling ahead at a depth of
approximately 10,500 ft. with Range and its partners having logged a
significant show in the Manley section (at 10,000 ft), possibly representing
another productive interval, in addition to the expected primary field pay
zones. It is expected that the well will reach an intermediate pipe point in
the coming days, at which time it will be logged to this intermediate depth and
9 5/8" casing run before drilling ahead to total well depth of 14,000 ft.

Georgia

Following the completion of the Vertical Seismic Profiling ("VSP") on the
Mukhiani Well, the Company commenced to flow test two zones of interest whilst
waiting for VSP interpretation results. The first test (open hole flow test) at
720m - 768m did not flow as of this morning GMT. The second test (perforation
formation flow test at 330 - 370m) will now be undertaken. The Company will
provide an update as to the VSP interpretation results and second flow test
next week based on current schedules.

The VSP interpretation results will confirm whether or not the current zone of
hard rock that the well has reached is basement rock or a volcanic overthrust.
This current depth is significantly shallower than the initially planned total
depth (of approximately 3,500 m) to the primary objective based on surface
seismic interpretation. If the VSP interpretation confirms the rock encountered
is indeed basement, drilling will not continue with preparations to commence
for the drilling of the second exploration well, the Kursebi 2, while if it
indicates it is a volcanic overthrust, a decision will be made whether to
proceed drilling after reassessing the likely lithography and target potential.

Trinidad

On the basis of recent drilling results, together with extensive engineering
studies of its mature oil fields in Trinidad, Range Resources Ltd is pleased to
announce that it expects to release details of an upward revision of its Proved
(P1) Reserves in Trinidad next week. The revised reserve estimates have been
calculated and the details will be released once the announcement has been
approved by the Trinidadian regulatory authority. The upward revisions follow
better than expected drilling results from the Company's initial 2011 drilling
program, along with recently completed engineering studies of secondary
recovery potential in the Beach Marcelle Block. The engineering review,
performed by the Company's Dallas-based reserve auditor Forrest A. Garb &
Associates, confirmed that significant volumes of crude remain in the Beach
Marcelle field that can be produced using standard secondary recovery
techniques such as water flooding.

Market not impressed for some reason? Maybe Georgia.

Gerogia defintely, high risk that could be a blow out or is going to lead to a delay. Texas is slow only glimmer of positive is Trinidad but how much of an increase, who knows. When was the last positive RNS from Range ! BTW I hold these so not happy with the price drop, decison time !

drat - missed the sub 9p opportunity!!! still seems to be slipping back again?