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Range Resources Ltd - One for 2011 (RRL)     

Proselenes - 10 Dec 2010 13:31

.

dreamcatcher - 17 Nov 2011 21:23 - 2367 of 5221

Well over due an update now ?

PL I see has promised an update for Friday, I await and see. As we have missed updates he has promised before.

dreamcatcher - 17 Nov 2011 23:21 - 2368 of 5221





October 21, 2011 22:13 ET

Marauder Resources East Coast Inc. Announces Execution of Memorandum of Understanding


CALGARY, ALBERTA--(Marketwire - Oct. 21, 2011) - Marauder Resources East Coast Inc. (the "Company") (TSX VENTURE:MES) is pleased to announce that the Company has executed a Memorandum of Understanding with the government of an African country for three highly prospective oil exploration blocks, totalling approximately 60,000 km2.

mnamreh - 18 Nov 2011 07:44 - 2369 of 5221

.

required field - 18 Nov 2011 08:08 - 2370 of 5221

Not a bad update...looks like the Trinidad investment is better than forecast...

mnamreh - 18 Nov 2011 08:13 - 2371 of 5221

.

gibby - 18 Nov 2011 08:58 - 2372 of 5221

good steady news - no complaints

Chris Carson - 18 Nov 2011 09:09 - 2373 of 5221

Yet!! :O)

mnamreh - 18 Nov 2011 09:20 - 2374 of 5221

.

Chris Carson - 18 Nov 2011 09:39 - 2375 of 5221

Chart.aspx?Provider=EODIntra&Code=RRL&Si

Sorry m not my intention, looking at the above chart I cannot get to excited and be glued to sp when there is volume of over 25 mill and it rises a fraction of a penny. I own a few of these @ 9.5 (occassionally I think I must have been pissed at the time) but I accept this is a long term investment. :O)

mnamreh - 18 Nov 2011 09:48 - 2376 of 5221

.

Chris Carson - 18 Nov 2011 09:56 - 2377 of 5221

M - Ditto

dreamcatcher - 18 Nov 2011 14:27 - 2378 of 5221

Friday 18 November, 2011Range Resources LTD
490% P1 Reserve Upgrade in Trinidad & Opera...

18 November 2011


The Manager
Company Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge Street
Sydney NSW 2000


By e-lodgement

490% P1 RESERVE UPGRADE IN TRINIDAD AND OPERATIONAL UPDATE

HIGHLIGHTS

* Increase in Proved (P1) Reserves in Trinidad by 490% from 2.6 Mmbbls to
15.4 Mmbbls

* The 12.8 Mmbbls increase in Proved (P1) Reserves has independent valuation
(PV10) of approximately US$ 290MM

* Proposed production program (from new reserves) of 1m-1.5m bbls per year
for a minimum of 8 years

Range Resources Limited ("Range" or "the Company") is pleased to announce that
under the Beach Marcelle Incremental Production Service Contract ("IPSC"), its
wholly owned subsidiary Los Bajos Oil Limited has with Petrotrin established P1
reserves of 12.8 million barrels of oil based on extensive independent
engineering studies of its mature oil fields in Trinidad. It should be noted
that under the IPSC, in ground reserves belong to Petrotrin. The reserves are
then able to be economically developed and exploited by the Contract partner
pursuant to an agreed work program.

This increase in reserves follows the recently completed engineering studies of
secondary recovery potential in the Company's Beach Marcelle Block. Range,
through its wholly owned subsidiary Los Bajos Oil Limited will seek all
necessary approvals to commence development in early 2012 and commit to a $12m
development program over the next 12-18 months.

The engineering review, performed by the Company's Dallas-based reserve auditor
Forrest A. Garb & Associates ("Forrest Garb"), confirmed that significant
volumes of crude remain in the Beach Marcelle field that are expected to be
recoverable using standard secondary recovery techniques such as water
flooding. The water flood program has been engineered to produce approximately
1m to 1.5m barrels per year for the first 8 years following initial production
and has an attributable valuation of approximately US$290MM (PV10) as
determined by Forest Garb taking into account all relevant project economics
(capital and operating expenditure, production taxes and royalties, and a US$85
per barrel WTI crude oil price).

Range Resources Managing Director Peter Landau commented "we are extremely
delighted with the addition of around 13 million barrels of recoverable oil to
the Trinidad Project. Adding 1 - 1.5m barrels per year of production for the
first 8 years, whilst not impacting on our other production and exploration
initiatives already in place is a significant boost to the Range portfolio.

The development programme to bring these reserves into production will be a key
near term focus for Range. This Project will result in the creation of
significant local work opportunities and skills development."

"It should also be noted that these new proven (P1) reserves are in addition to
the previously reported P1-P3 reserves and Prospective Resources inventory that
Range currently holds on its Trinidad assets, hence the enormous significance
and value that these reserves on the Beach Marcelle Block represent".

Texas - North Chapman Ranch

Range and its partners are drilling ahead at approximately 12,700 ft. in the
Smith #2 well in North Chapman Ranch, after successfully setting intermediate
casing at 11,300 ft. Prior to reaching casing point, two zones of interest were
identified that may be tested at a later date. TD for the well is 14,000 ft. If
successful the Smith #2 well would increase Proved Reserves, production, and
cash flow from the field.

In addition to the Smith #2 well, site preparation is underway at the Albrecht
#1 well location. The Albrecht well is intended to more fully appraise the
North Chapman Ranch field, while testing additional, shallower objectives. The
well is expected to spud immediately after operations have been completed on
the Smith #2 well.

Texas - East Texas Cotton Valley

In the Company's East Texas Cotton Valley prospect, testing continues on the
Ross 3H horizontal well, as individual zones are perforated and swabbed in to
check fluid content prior to any hydraulic fracturing. The Ross 3H well was
drilled to a total measured depth of 8,500 ft. and showed good evidence of
reservoir quality rock and oil saturation while drilling.

Georgia

Operations are currently suspended on the Mukhiani well with the rig on standby
with a skeleton crew as the Company awaits final technical analysis on the
well. The Company will provide an update as to the results as soon as they are
finalised, which is expected shortly. If a decision to move is made, it is
expected the second well in the Georgian exploration program will spud within a
4-6 week period.

Puntland

Joint venture operator Horn Petroleum continues with significant set up
operations for the initial well in the proposed two well programme in Puntland
and remains on track for spudding later this year.


Yours faithfully


Peter Landau
Executive Director

Ends

grannyboy - 18 Nov 2011 16:08 - 2379 of 5221

dc, yes very impressive upgrade and still plenty to come from T&T:: "It should also be noted that these new proven (P1) reserves are in addition to the previously reported P1-P3 reserves and Prospective Resources inventory".. Shame the markets arn't allowing the s/p to reflect this news..

dreamcatcher - 18 Nov 2011 16:22 - 2380 of 5221

Yep god news gb, hold and wait me.

dreamcatcher - 18 Nov 2011 18:34 - 2381 of 5221

I am waiting for the TT Herrera wells of 20 to 120 mmbbls, 12 or 13 of them.







skinny - 28 Nov 2011 07:44 - 2382 of 5221

OPERATIONS UPDATE

Range Resources Limited ("Range" or "the Company") is pleased to announce the
following operations update with respect to the Company's interests in Georgia,
Texas and Puntland. A Trinidad operational update will be released once
necessary regulatory approval is received which is anticipated later this week.

Georgia

The re-interpretation of the seismic supported by the Mukhiani-1 Vertical
Seismic Profile ("VSP") results indicates that the well encountered previously
unrecognized faults which led to possible basement being encountered far
earlier than predicted. New fault trap and stratigraphic trapping potential has
been identified in the vicinity of the well and based on these findings, Range
and its partners have the option to side-track and test these targets. However,
the Company and its partners have decided that, based on its exploration
schedule and the availability of the drilling rig, it will continue on the next
proposed Kursebi well.

As a result, Range will suspend the well and move the rig to the next proposed
well site. The Kursebi well is targeting separate geological structures from
the Vani area, with the Kursebi target having been identified using different
seismic lines for interpretation purposes. With additional seismic planned for
Block VIb in Q2 next year, the Company has decided also to complete a further
seismic tie in line over Mukhiani-1 to assist with the proposed side-track well
to be completed in the second half of 2012 along with a well on Block VIb in Q1
2013.

Texas - North Chapman Ranch

Drilling continues at 13,800ft on the Smith #2 well with a proposed target
depth of 14,500 ft. Good hydrocarbons shows have been recorded in the objective
Howell Hight section which will be flow tested following TD. Upon the
successful completion of the Smith #2 well, the rig is will move directly to
the Albrecht #1 well site, with site construction having been recently
completed in readiness to receive the rig. At this stage the Smith #2 has
performed in line with Company expectations for the development well.


Puntland

In Puntland, Horn Petroleum Corp. ("Horn") is currently in final preparations
to commence a two well drilling campaign in the Dharoor Valley Block, with the
first well (Shabeel-1) planned to spud in December 2011. Drilling locations
have been selected over two robust prospects targeting gross best estimated
prospective resources of over 300 million barrels each, based on internal
operator estimates.

Horn has completed sourcing drilling related materials and the majority of
materials are on site or on route to the drilling site. Site preparation
including the drill site, air strip and ingress route construction have been
completed. Water wells are currently being drilled to provide source water for
drilling operations.

Shareholder Presentation Evening

Range Resources will be hosting a London presentation evening on Monday, 5th
December at 6.00pm to update shareholders on current activities and the work
program for 2012.

Attendance is by registration only as venue location size is limited. Please
email events@okapventures.co.uk for RSVP and details.

skinny - 28 Nov 2011 12:28 - 2383 of 5221

In auction. +9.4%

skinny - 30 Nov 2011 09:07 - 2384 of 5221

Results of AGM

skinny - 01 Dec 2011 07:23 - 2385 of 5221

Letter to Option Holders.

dreamcatcher - 06 Dec 2011 16:31 - 2386 of 5221

Company Presentation
PRNW



6 December 2011

The Manager

Company Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge Street
Sydney NSW 2000

By e-lodgement

INVESTOR PRESENTATION

Range Resources Limited ("Range" or "the Company") is pleased to advise that a
copy of the investor presentation recently given in the UK is available on the
Company's website and also the ASX website - www.asx.com.au

Yours faithfully

Peter Landau

Executive Director

ABN 88 002 522 009
www.rangeresources.com.au


ABN 88 002 522 009
www.rangeresources.com.au


London

Suite 1A, Prince's House, 38 Jermyn Street,
London SW1 6DN

t: +44 (0)207 025 7040, f: +44 207 287 8028

Australia

Ground Floor, 1 Havelock Street,
West Perth WA 6005, Australia

t: +61 8 9488 5220, f: +61 8 9324 2400

e: admin@rangeresources.com.au



END
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