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

Company Update

Range is pleased to provide a Company update with the following highlights:

* As a result of the recent debt repayment, the total outstanding debt of the
Company is forecast to reduce from $US10.5 million (as reported on 30 April
2014) to approximately GBP 75,000 by the end of June 2014.

* The Company's equity interest in Citation Resources Limited (ASX: CTR) has
reduced to 6.67%. Following this change, Range will have a direct and
indirect interest of approximately 24% in the Guatemalan Project
(previously 32%).

Debt Repayment

Following completion of US$12 million financing (see Announcement on 29 May
2014), Range utilised the funds to repay the Company's debt and is pleased to
provide details on its debt repayment progress.

The Company has agreed to pay a total of approximately US$7.4 million to repay
outstanding debt with Platinum Partners, Yorkville and a syndicate of
Australian investors, out of which US$6.7 million has already been paid with a
remaining final payment of approximately US$0.7 million to be paid to the
Australian syndicate prior to 30 June 2014.

The remaining lenders, Hudson Bay and a US based institutional investor, which
had outstanding loans of AU$250,000 and GBP 210,000 respectively, continue to
be repaid through the conversion into equity rather than cash, as permitted
under their respective loan agreements. As a result, the AU$250,000 loan with
the US based institutional investor has been fully repaid and converted into
27,777,777 shares. The outstanding GBP 210,000 loan with Hudson Bay Master Fund
was partially converted (through the issuance of 23,333,334 shares and
11,666,667 unlisted options - please refer to Issue of Shares at the end of
this announcement). The current outstanding loan balance with Hudson Bay Master
Fund is GBP 75,000 and this loan expires on 13 September 2015.

The total remaining outstanding Company debt has therefore reduced from $US10.5
million (as reported on 30 April 2014) to approximately GBP 75,000 after final
payment of approximately US$0.7 million to be paid to the Australian syndicate
prior to 30 June 2014.

As part of the original debt agreement, Platinum Partners held 100 million
Range shares along with 100 million shares Range held in Citation Resources
Limited (ASX: CTR), as collateral for the loan. Range has agreed with Platinum
Partners that the lender is not required to return to the Company these shares,
as part of the loan settlement. This arrangement has, therefore, allowed the
Company to fully repay the loan for a reduced cash payment and provides the
Company with additional liquidity to fund its Trinidad commitments and for
on-going general working capital.

Interest in Citation Resources Limited

As a result of the transactions detailed above, the Company's equity interest
in Citation Resources Limited (ASX: CTR) which holds interest in the Guatemalan
Project has reduced to 6.67%. A Form 604 - Notice of Change of Interest of
Substantial Holder advising of the change in shareholding has been lodged with
the Australian Securities Exchange today.

Range retains its 20% interest in Latin American Resources, which holds an 80–
100% interest in the Guatemalan Project.

Following this change in Citation Resources Limited shareholding, Range will
have a direct and indirect interest of approximately 24% in the Guatemalan
Project (previously 32%).

Commenting on today's announcement, Rory Scott Russell, CEO, said:

"We are pleased to have reached agreements with our various lenders to repay
the expensive corporate debt which has diluted the Company's equity over recent
months. The Company has been able to achieve these repayments as a result of
the US$12 million equity financing which completed last week. The agreements
reached allow the company to maximise its cash position to fund development
work on its core Trinidad assets as well as retain cash for other corporate
purposes. Substantially removing this expensive and dilutionary debt is an
important step as we continue to focus on our operational and long term
financing objectives."

more.....

Meet Range Resources’ new CEO

if you didn’t take the opportunity it might never come again


http://www.trinidadexpress.com/business-magazine/Meet-Range-Resources-new-CEO-261756371.html

Back above the 200ma for now.

showing green shoots. :-))

The skys the limit.

Only just a tad overbought then :O) Question is will I be alive when it gets back to 9p?

New Range buyers 'will do very well'


Tue, 10th June 2014 - 12:17

http://www.iii.co.uk/tv/episode/new-range-buyers-will-do-very-well

Be hard to do any worse DC :O)

lol . I thought you were going to say what about the old timers.

Changes to the Board of Directors

PRNW



13 June 2014

ASX Code: RRS and AIM Code: RRL

Range Resources Limited

("Range" or "the Company")

Changes to the Board of Directors

As part of a corporate restructuring initiative, Range announces the
resignation of Mr. Peter Landau and Mr. Anthony Eastman from the Board of
Directors, effective immediately.

The Board has initiated a recruitment process for two Australian Directors to
replace the outgoing Directors, as required by the listing rules of the
Australian Stock Exchange.

Commenting on today's announcement, Sir Samuel Jonah, Chairman, said:

"I would like to thank Peter and Anthony for their dedication and contribution
to the Company. On behalf of the Board, I wish them all the best in the future.

I am also extremely pleased that Range now has a new executive team with a very
focused strategy to increase production from Trinidad, rationalise the
portfolio and create value for its shareholders."

Yours faithfully


Sir Samuel Jonah

Chairman

At long last PL being replaced. The sp may well make grounds now. :-))

The pay zone - Range Resources (LON:RRL) – 2 cheers hooray…

Having not touched this stock for years I seem to be writing about it a lot at the moment but only as announcements are coming thick and fast. It is tempting to say that this one is the best of them all but clearly sorting out the debt and so on does take precedence. Having said that I am sure that the cheers from the Range shareholders will be louder than on Coca cabaña beach last night as two directors associated with the past have left the company, my BUY recommendation remains bang on target as the new brooms continue to sweep.

Might we get some straight talking now? :o)

Lol.

Very good skinny!

Trinidad Operations Update and Increase in Reserves

Range is pleased to provide an update on its Trinidad operations
with the following highlights:

- Operations continue without any significant Health, Safety,
Security and the Environment (HSSE) incidents.

- Production has increased by 18% from the previously reported 533
barrels of oil per day ("bopd") (see announcement on 22 April 2014) to 630
bopd.

- The increase in production is primarily due to excellent results
at the South Quarry QU 452 development well. The well is producing at a
stabilised rate of 70 bopd of very light 470 API oil on a 5/32" choke.

- The well was drilled to a depth of 1,945 ft., and a 17 ft.
section perforated between 1,702-1,730 ft.

- QU 452 is the first development well to be drilled in the South
Quarry licence since 2007. This successful outstep development well confirms
the extension of the shallow producing trend and is expected to result in
additional development drilling targets and an increase to the Company's
proved reserves (additional to the increase in proved reserves mentioned
below).

- Four of the fleet of six drilling rigs are fully operational:

- Rigs 1 and 5 are engaged in development work in the Morne Diablo licence.

- Rig 6 is engaged in workover operations also at Morne Diablo.

- Given encouraging results from South Quarry QU 452 well, the Company is
currently evaluating the possibility of moving rig 8 to South Quarry licence
to drill additional development targets and expedite the drilling programme.

- The remaining rigs 2 & 7 are undergoing maintenance.

- The Company is finalising the location of the first planned well
on the Guayaguayare block with JV Partner Niko Resources, and will update the
market on further progress via separate announcements.

Increase in Reserves

Range is pleased to announce an independently audited increase in
reserves attributed to the Company's onshore Beach Marcelle, Morne Diablo and
South Quarry licences in Trinidad.

The Company's total 2P reserves have increased by over 9% from the
previously reported 20.2 MMbbl to 22.1 MMbbl. These reserve increases are a
result of the Company's ongoing development drilling programme and consequent
update to development schemes in Trinidad during the period. During the period
the Company produced 1.2 MMbbl of oil from its three fields.

The updated independent reserves report was completed by Forrest A.
Garb & Associates, Inc. ("FGA") with the reserve volumetrics used in the
report effective January 1, 2014 and prepared in accordance with SEC
Regulation S–X and with the guidelines of the Society of Petroleum
Engineers.


more....

Atzam 5 Well Update

Range Resources Limited

("Range" or "the Company")

Atzam #5 Well Update

Range notes the announcement released by Citation Resources Limited (ASX:CTR)
on the Guatemalan Project.

Investors are encouraged to read the full announcement, which can be accessed
at: http://www.citation.net.au/media/articles/ASX-Announcements/
20140617-Atzam-5-Update-and-Appendix-3B-298/Atzam-5-Update-and-Appendix-3B.pdf.

Range has a direct and indirect 24% interest in the Guatemalan Project.

Trinidad Approves New Positive Fiscal Incentives

Trinidad Approves New Positive Fiscal Incentives

Range is pleased to confirm that, further to announcement of 16 September 2013,
the Government of Trinidad and Tobago has approved and adopted the proposed
budget incentives for oil and gas companies introduced by the Minister of
Finance and Economy of Trinidad and Tobago in the 2014 Budget Statement. These
newly proposed budget incentives, which especially reward companies with
accelerated development and exploration programmes including Range, are
expected to have a significant positive impact on the Company's cash flows and
returns from its ongoing production growth. These changes will be effective
retrospectively from January 1, 2014.

Commenting on today's announcement, Rory Scott Russell, CEO, said:

"Range is fully committed to growing its business in Trinidad and we are
therefore delighted with the ratification of these new positive fiscal
incentives. Operating in a favourable economic environment will bring
significant benefits to the Company as we continue to increase production and
unlock value from our core development assets in Trinidad."

The key changes to the fiscal regime that impact Range can be found in the
table at the end of this announcement.


more..

I guess the market were thinking progress was a lot further on, hence perhaps the 11% fall today.



Atzam 5 Well Update

PRNW



17 June 2014

ASX Code: RRS and AIM Code: RRL

Range Resources Limited

("Range" or "the Company")

Atzam #5 Well Update

Range notes the announcement released by Citation Resources Limited (ASX:CTR)
on the Guatemalan Project.

Investors are encouraged to read the full announcement, which can be accessed
at: http://www.citation.net.au/media/articles/ASX-Announcements/
20140617-Atzam-5-Update-and-Appendix-3B-298/Atzam-5-Update-and-Appendix-3B.pdf.

Range has a direct and indirect 24% interest in the Guatemalan Project.


Yours faithfully


Rory Scott Russell
Chief Executive Officer