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

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

Range Resources Tading Halt

Share Trading Update

Further to the Company's announcement released today regarding the voluntary
suspension on ASX, Range confirms that share trading on AIM will be unaffected.

As previously announced, the Company is in the process of appointing two
Australian resident directors to replace the two that resigned from the Board
recently, as part of the requirement under Australian Law and ASX rules.

The Company requested the voluntary suspension on ASX to be in place until it releases
an announcement regarding the new appointments, and expects to make the
announcement before the commencement of trading on Monday, 30 June 2014.

The ASX announcement can be accessed at:
http://www.rangeresources.co.uk/framework/documents/displaydocument.asp?doc=1227.

Range Resources' new management team is 'new beginning' for company

By Sarah Lowther

June 30 2014, 12:53pm



Rory Scott Russell, CEO of AIM and ASX-listed Range Resources (LON:RRL; ASX:RRS) tells Proactive Investors the new management team is the start of 'a new beginning for the company'.

He says investors can look forward to upcoming announcements around funding in Trinidad, divestment of assets and reshaping the company's portfolio to complete the journey the company started with its new strategy.




http://www.proactiveinvestors.co.uk/companies/stocktube/2912/range-resources-new-management-team-is-new-beginning-for-company-2912.html

Wowzers - will we still be alive when they come into fruition??????

Fresh start! A new company presentation.

Posted on 1 July 2014 by Malcy

Range Resources

I had a long meeting with Range last Friday, I wanted to catch up after so many announcements and to ensure that my positive stance on the shares was justified. Also I notice that the company has done a team interview on Proactive Investors, has a conference call scheduled for this morning ( I listened, it was professional) and is presenting at the Oil Barrel conference tomorrow. The confidence that is shown by the management, specifically Rory Scott Russell the CEO, is indicative of how much progress the team has made in a few short months.

When I met Rory for the first time he had only been on board for seven weeks and the scale of the problem was daunting, it should not be underestimated quite how much has been achieved in such a short space of time. I don’t intend to go into detail again, it is all with hindsight obvious, but clearing the debt, the deals with Land Ocean and Abraham and the concentration on Trinidad have set the company up well, new, high quality management is already in place and the goons who got them into this mess should be history. I was lucky to find such a recovery when I did, since the first recommendation the shares have already tripled, the blog now calls it ‘doing a Range’ which is fun. I would finally say that when I first put the shares on the buy list there was an inevitable caveat in the risk factor of it not working, I now feel that I can say that the risk factor has gone to a large degree and that my next target of 5p is very achievable, I hope to be at Oil Barrel tomorrow so see you there.
- See more at: http://www.malcysblog.com/#sthash.aYqxNknY.dpuf


http://www.malcysblog.com/

Cantor Fitzgerald Buy 1.93 1.86 - 3.70 Initiates/Starts

2p beckons.

Range Resources rated 'buy' as Cantor Fitzgerald begins coverage

By Ian Lyall

July 02 2014, 11:58am
Efforts are focused on production in Trinidad, and in particular doubling output there by the end of the year to 1,000 barrels a day, rather than chasing more speculative targets.
Efforts are focused on production in Trinidad, and in particular doubling output there by the end of the year to 1,000 barrels a day, rather than chasing more speculative targets.


Cantor Fitzgerald has started coverage of Range Resources (LON:RRL, ASX:RRS) with a ‘buy’ recommendation and 3.7p a share price target.

The valuation just under double the current share price, which itself is up around 180% in the last three months.

Analysts Emily Ashford is a fan of the new strategy mapped out by chief executive Rory Scott Russell.

He and his team’s efforts are focused on production in Trinidad, and in particular doubling output there by the end of the year to 1,000 barrels a day, rather than chasing more speculative targets.

The group plans to exit the US, Georgia and possibly Colombia.

Ashford is also impressed by its alliance with LandOcean, one of China’s largest oil services company.

LandOcean introduced Range to a new institutional shareholder, which subscribed to US$12mln of shares that allowed the AIM and ASX listed group wipe out its debts.

“With a strengthened core management team, reshaped portfolio, a new strategic alliance and refinanced debt, we believe Range has a revitalised and sensible strategy for shareholder value creation,” the Cantor analyst said in a note to clients.

At 11.55am, the stock was changing hands for 1.98p for a rise of 7%.

2.05p on the offer.

It would read better 20.5p on offer. :-))

free stock charts from uk.advfn.com

DC - true!