.

Happy late christmas and a happy early new year gibby. Hope you had a good xmas.
Any thoughts for jan - Day traders seem at the moment to trade out any rise before it
even gets a start? Just looking at a whole page of blue and sp barely moved. Just shows the scale of the loss from the 24p to the current 8p.

lol dc thanks for the weather forecast :-)))

and thanks - happy late christmas to you also and atvb for 2012 - i had a bit of a too good xmas but sober now lol!! i know what you mean ref day traders - i do believe 24p will be back but just not sure when!! depends on the news i suppose as usual - rrl did not perform sp wise as expected imo - similar to rrr and a few others - i am in the process of freeing up some cash to buy but after recent performance in no hurry at the moment to buy any more - sitting on the sidelines waiting for more weakness if it happens

btw htt :-)))) lol
gl

Snap gibby, just a bit frustrating to have money here since last xmas, with no gain and to be able to
Book a holiday and got the spending money from hot tuna this morning. Going to be a long term hold to gain the true value. Just would be good to see it back to 24p in the
next few (3 or less) months and build from there.

The company would perhaps do well to scrap the divi and do a share buy back, when the company sell the proved up (p1) assets. Thats later in 2012. Read a George Soros
article on this and it can put an instant 5% to !0% on the sp. If done for the right reason is a good idea, not so good for the wrong reason.

Was that you gibby 5 million purchased at 4.30pm :-))))))


16:29 8.23p 5,000,000 £411,410 Buy O

RRL down 10% on the ASX

glad to hear you also made on htt dc - good stuff

yeah i had a spare few quid and thought 5M - why not lol!! seriously though i think that was probably a sell hence sp reversing

not good ref asx - holding back here for the moment - long term will be fine but could see more reverse here short term as peeps looking for short term wins elsewhere imo - if rrl dips below 7p again that would be good enough for me to buy more regardless - we'll see i suppose - rmp intersting also at the moment again

Morning gibby, Also need horn to announce the spud in Puntland. Needs the big boys to get their feet back under the desks next week .

aftrnoon dc & agreed - i had some spare cash this morning but today for me it was rrl or rrr for my longer term strategies - i bought more rrr instead as i feel maybe some more southerly here more so than rrr - however long term this and rmp excellent prospects - january onwards should be interesting

Afternoon gibby, dont forget the ftse comp while you are sober,guess you were not on your previous guesses. :-)))))))))))))))))

Just would be good for rrl to hold its gains.

hi dc - lol yes the ftse comp - i will have a serious stab at that previous guesses a tad wild!!! i hope rrl do hold but if it doesnt will be ready to swoop for more - next year will be very interesting many things we have all been waiting for will be resolved either way - hang on to your hats!!! :-)))

yeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa!

Games play by MM's today. Share ops should be out the way by the 31st and all the big boys filled, then we should start the move north.

Looking forward to 2012 gibby.

.

Trinidad & Texas Update
PRNW
30 December 2011 The Manager Company Announcements Australian Securities Exchange Limited Level 6, 20 Bridge Street Sydney NSW 2000 By e-lodgement TEXAS & TRINIDAD UPDATE Trinidad Range Resources Limited ("Range" or "the Company") is pleased to announce that it has successfully drilled and logged the QUN118ST development well on the Morne Diablo concession in Trinidad. The QUN 118ST logged more than 200 ft. of gross oil pay in the shallow Forrest formation, further extending the existing field area to the north and east. The well is currently being completed for initial production from natural pressure, which is expected to commence within the next week. The Company operates three production areas onshore Trinidad, where it continues to develop existing reserves, extend producing trends, and exploit marginal producing properties. Exploratory drilling for deeper targets is programmed for 2012, following reprocessing and interpretation of the Company's 3D seismic database, which is scheduled to be completed next month. Texas The Company would also like to announce that the surface casing was successfully set on the Albrecht #1 appraisal well on the Company's North Chapman Ranch Project in Texas and recommenced drilling and is currently drilling ahead at a depth of 7,900 ft. with a target depth of 14,500 ft. The Albrecht # 1 appraisal well marks another milestone in the Company's onshore Texas drilling program, as if successful, it is anticipated to prove up reserves in the South East portion of the North Chapman Ranch license area, and support a re-classification of current Possible (P3) reserves into the Probable (P2) and Proved (P1) categories. Following on from the Albrecht #1 well, the joint venture has the option to continue with the development of the field with a possible four-well program in 2012 under discussion among the joint venture partners. Yours faithfully Peter Landau Executive Director Contacts Range Resources Limited Peter Landau Tel : +61 (8) 8 9488 5220 Em: plandau@rangeresources.com.au Australia London PPR Tavistock Communications David Tasker Ed Portman/Paul Youens Tel: +61 (8) 9388 0944 Tel: + 44 (0) 20 7920 3150 Em: david.tasker@ppr.com.au Em: eportman@tavistock.co.uk RFC Corporate Finance (Nominated Advisor) Old Park Lane Capital (Joint Broker) Stuart Laing Michael Parnes Tel: +61 (8) 9480 2500 Tel: +44 (0) 207 493 8188 Panmure Gordon (Joint Broker) Katherine Roe / Brett Jacobs Tel: +44 (0) 207 459 3600 Range Background Range Resources Limited is a dual listed (ASX: RRS; AIM: RRL) oil & gas exploration company with oil & gas interests in the frontier state of Puntland, Somalia, the Republic of Georgia, Texas, USA and Trinidad. * In Trinidad Range recently completed the acquisition of a 100% interest in holding companies with three onshore production licenses and fully operational drilling subsidiary. Independently assessed gross recoverable 1P reserves in place of 15.4 MMbls (on a mean 100% basis) with 19.6 MMbls recoverable 3P reserves with an additional 20 MMbls of prospective resources. * In the Republic of Georgia, Range holds a 40% farm-in interest in onshore blocks VIa and VIb, covering approx. 7,000sq.km. Currently, Range has recently completed a 410km 2D seismic program with independent consultants RPS Energy identifying 68 potential structures containing an estimated 2 billion barrels of undiscovered oil-in-place (on a mean 100% basis) with the first (Mukhiani-1) of two exploration wells having spudded in July in 2011 - Re-interpreted seismic supported by the Mukhiani-1 VSP new fault trap and stratigraphic trapping potential with the possibility of a side track well to be drilled post additional seismic in 2H 2012. * In Puntland, Range holds a 20% working interest in two licences encompassing the highly prospective Dharoor and Nugaal valleys with the operator and 45% interest holder, Africa Oil Corp (TSXV: AOI) planning to commence the two well programme in 2011 (targeting (on a mean 100% basis) 300mmbls and 375mmbbls of best estimate Prospective Resources) following the recent awarding of the rig contract. Site construction complete in readiness for spudding first well late December 2011. * Range holds a 25% interest in the initial Smith #1 well and 20% interest in further wells on the North Chapman Ranch project, Texas. The project area encompasses approximately 1,680 acres in one of the most prolific oil and gas producing trends in the State of Texas. Drilling of the first well has resulted in a commercial discovery with independently assessed gross recoverable reserves in place (on a mean 100% basis) of 242 Bcf of natural gas, 15 mmbbls of oil and 19 mmbbls of natural gas liquids. * Range holds a 21.75% interest in the East Texas Cotton Valley Prospect in Red River County, Texas, USA, where the prospect's project area encompasses approximately 1,570 acres encompassing a recent oil discovery. Independently assessed gross recoverable reserves in place (on a mean 100% basis) of 3.3mmbbls of oil. The reserves estimates for the 3 Trinidad blocks and update reserves estimates for the North Chapman Ranch Project and East Texas Cotton Valley referred above have been formulated by Forrest A. Garb & Associates, Inc. (FGA). FGA is an international petroleum engineering and geologic consulting firm staffed by experienced engineers and geologists. Collectively FGA staff has more than a century of worldwide experience. FGA have consented in writing to the reference to them in this announcement and to the estimates of oil and natural gas liquids provided. The definitions for oil and gas reserves are in accordance with SEC Regulation SX an in accordance with the guidelines of the Society of Petroleum Engineers ("SPE"). The SPE Reserve definitions can be found on the SPE website at spe.org. RPS Group is an International Petroleum Consulting Firm with offices worldwide, who specialise in the evaluation of resources, and have consented to the information with regards to the Company's Georgian interests in the form and context that they appear. These estimates were formulated in accordance with the guidelines of the Society of Petroleum Engineers ("SPE"). The prospective resource estimates for the two Dharoor Valley prospects are internal estimates reported by Africa Oil Corp, the operator of the joint venture, which are based on volumetric and related assessments by Gaffney, Cline & Associates. In granting its consent to the public disclosure of this press release with respect to the Company's Trinidad operations, Petrotrin makes no representation or warranty as to the adequacy or accuracy of its contents and disclaims any liability that may arise because of reliance on it. SPE Definitions for Proved, Probable, Possible Reserves and Prospective Resources Proved Reserves are those quantities of petroleum, which by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be commercially recoverable, from a given date forward, from known reservoirs and under defined economic conditions, operating methods, and government regulations. Probable Reserves are those additional Reserves which analysis of geoscience and engineering data indicate are less likely to be recovered than Proved Reserves but more certain to be recovered than Possible Reserves. Possible Reserves are those additional reserves which analysis of geoscience and engineering data indicate are less likely to be recoverable than Probable Reserves. Prospective Resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective Resources have both an associated chance of discovery and a chance of development. Prospective Resources are further subdivided in accordance with the level of certainty associated with recoverable estimates assumingtheir discovery and development and may be sub-classified based on project maturity. 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

A bit easier on the eye :-

30 December 2011

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

By e-lodgement

TEXAS & TRINIDAD UPDATE

Trinidad

Range Resources Limited ("Range" or "the Company") is pleased to announce that
it has successfully drilled and logged the QUN118ST development well on the
Morne Diablo concession in Trinidad. The QUN 118ST logged more than 200 ft. of
gross oil pay in the shallow Forrest formation, further extending the existing
field area to the north and east. The well is currently being completed for
initial production from natural pressure, which is expected to commence within
the next week.

The Company operates three production areas onshore Trinidad, where it
continues to develop existing reserves, extend producing trends, and exploit
marginal producing properties.

Exploratory drilling for deeper targets is programmed for 2012, following
reprocessing and interpretation of the Company's 3D seismic database, which is
scheduled to be completed next month.

Texas

The Company would also like to announce that the surface casing was
successfully set on the Albrecht #1 appraisal well on the Company's North
Chapman Ranch Project in Texas and recommenced drilling and is currently
drilling ahead at a depth of 7,900 ft. with a target depth of 14,500 ft.

The Albrecht # 1 appraisal well marks another milestone in the Company's
onshore Texas drilling program, as if successful, it is anticipated to prove up
reserves in the South East portion of the North Chapman Ranch license area, and
support a re-classification of current Possible (P3) reserves into the Probable
(P2) and Proved (P1) categories.

Following on from the Albrecht #1 well, the joint venture has the option to
continue with the development of the field with a possible four-well program in
2012 under discussion among the joint venture partners.

this is good news for 2012

Lets hope we all score in 2012

Arhh great news no sp movement????????????????

.