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Range Resources boosted by Trinidad and Texas wells
By Darshini Shah | Fri, 30/12/2011 - 10:20

Range Resources (RRL) on Friday announced that not only had it successfully drilled and logged the QUN118ST development well on the Morne Diablo concession in Trinidad, but that the surface casing was also successfully set on the Albrecht #1 appraisal well on the company's North Chapman Ranch Project in Texas.

The QUN 118ST well, which is currently being completed for initial production from natural pressure, logged more than 200 feet of gross oil pay in the shallow Forrest formation. The company expects this to further extend the existing field area to the north and east.

Initial production from the well is expected to commence within the next week, with exploratory drilling for deeper targets programmed for 2012. This is one of Range’s three production areas in onshore Trinidad.

Additionally, the Albrecht #1 appraisal well is currently being drilled ahead at a depth of 7,900 feet with a target depth of 14,500 feet. 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," the company statement read.

Shares in the exploration and production company soared almost 5% on the news.

http://www.presstv.ir/detail/217273.html

RRL up 12% on the ASX

Yes dreamcatcher lets see if we get a rise like that??.. And a HNY to all..

Happy new year grannyboy and all rangers.

happy NY all

rrl :-)))

No movement on the ASX

interesting cheers dc - wonder if we will follow the same or continue blue??

or the third option red

Down 7.14% on the ASX

well not a bad day considering - just need the news and i would not want to be out of rrl when that happens!! :-)))

Tend to like giving news out on Fridays??..

up 3.85% on the ASX

Tangiers petroleum admission to the aim is going to be on the 3rd Feb 2012.-The market capitalization on Admission is expected to be approximately A$64 million. (TPET)
Range hold 5% of the shares.

Texas and Corporate Update.


06 January 2012

The Manager

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

By e-lodgement

TEXAS & CORPORATE UPDATE

Texas

Range Resources Limited ("Range" or "the Company") is pleased to announce that
the Albrecht #1 Appraisal well on the Company's North Chapman Ranch Project in
Texas is currently drilling ahead at a depth of 9,150 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.

maybe a little blue here today - cob + circa 10%???

maybe not though!!! looks like another red day!!

http://www.proactiveinvestors.co.uk/companies/news/37553/range-resources-set-for-a155-mln-injection-from-exercise-of-options-update-37553.html

I see we get a mention here

, under deal of the year.http://www.quotedcompanyawards.com/GTQCA/shortlist.thtml

Thanks to chris toon on int ii, other posters have had the same reply. An email to pl and reply -


Hi All,
Please see email below received from PL.
I feel quite embarrassed with his answer but i suppose the question had to be asked!


=========

Peter Landau peter@okapventures.com
2:56 AM (8 hours ago)

Please chris - can someone show you where such bullshit emanates from - honestly - our sole aim is to maximise shareholder value - no games , no hidden agendas or secret deals

On puntland I am heading over there next week for spudding ceremony so hopefully will be announcing in the next 5-10 days

Thanks p

From: chris hamon [mailto:chrishamon70@gmail.com]
Sent: Saturday, January 07, 2012 11:29 PM
To: Peter Landau
Subject: FOR THE ATTENTION OF MR P LANDAU


Dear Peter,

I was wondering if us as shareholders could have your comments on the below rumour

"PL will sell all Range assets in 1 transaction, at same stage soon after 1st July 2012. There is a pre-agreed sale price (not as high as we would've liked, perhaps no more than $1 per share). Therefore PL and those institutions involved need to control the news and Mcap.

In exchange for PL shafting us all, he gets to accept an offered for a position on the board (approx $5m P/A) along with a lathe number of shares and options in a $30+ company.

Fethering his own nest"

Also, could you please advise when we should be getting news on Punland, either good or bad.

Thank you

CHRIS