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

Some volume wouldn't go amiss!

Investors in Range Resources (RRL) have had a torrid time over the past 12 months as shares in the high profile E&P company slipped from 16p to 3.2p. However, the stock chart suggests that chief executive Peter Landau might have managed to arrest that steady decline. Positive news from operations in Trinidad and Guatemala together with signs that all might not be lost in the former Soviet state of Georgia (where a coalbed methane JV has been set up) have dragged the shares back over 5p.

Elsewhere, shares in Gulf Keystone Petroleum (GKP) have suffered so far in 2013 amid protracted ongoing litigation between the company and its former partners. Even news in February of a new discovery at its Akri-Bijeel Block in the Kurdistan did little to excite the shares. However, with signs that the court action should be coming to end fairly soon (although a judgement may take some months), the stock has begun to drift higher over the past week. Gulf Keystone has big plans to drive its massive Shaikan field into development and production this year, and step up from AIM to the Main Market.

Debt Financing and Trinidad License Extensions

10 YEAR LICENSE EXTENSIONS AND US$35M DEBT FINANCING FACILITY

Range Resources Limited ("Range" or "the Company") is pleased to
announce the following update with respect to the Company's Trinidad
operations with the following highlights:

- Morne Diablo and South Quarry licenses extended for an additional
ten year period;

- 3,000 acres added to the east of the existing Morne Diablo
license, extending current Lower Forest development trend while adding
potential for other, deeper targets;

- Enhanced Royalty reduced from previous farm out agreements - net
back increased to $40 / bbl based on 1,000 bopd increasing to $50 on 2,000
bopd; and

- Finalisation of US$35m Debt Financing Facility.

StockMarketWire.com
Range Resources said it has sold its Texas assets for a total of $30 million, with $25 million payable at closing plus $5 million in royalty payments.

Subject to final due diligence, the company is selling its interest in the North Chapman Ranch and East Clarksville fields. Closing is expected to occur in the coming weeks.

Half Yearly Report

http://www.moneyam.com/action/news/showArticle?id=4555657

Range Resources solid operational progress mentioned by Old Park Lane Captial
Posted on: Mar 15th, 2013 - 12:45 pm
http://www.directorstalk.com/range-resources-solid-operational-progress-mentioned-by-old-park-lane-captial/

Range Resources reveals rise in revenues and oil production
Fri 15 Mar 2013



LONDON (SHARECAST) - Range Resources said on Friday revenues for the last half of 2012 jumped 53 per cent on the back of increased oil production.

The oil and gas company reported revenues of $15.7m, up from $10.2m a year earlier, driven by a 60% increase in oil and liquids production to 164,693 barrels.

The group narrowed its post-tax losses by 15% to $9.6m for the period as the company announced a 29% rise in proved, provable and possible (3P) net attributable reserves across three onshore Trinidad licences.

A recent reserves report revealed a 30.5m barrels increase in total unrisked net prospective resources across the company’s licences to 40.5m barrels.

During the period, the firm’s Lower Forest development programme on the Morne
Diablo licence in Trinidad reached record peak production of 1,000 barrels of oil per day, a 120% jump since acquisition.

Strong operational performance was also achieved in prospects in Texas, Columbia, Puntland, Guatemala and Georgia.

Shares fell 6.64% to 4.22p at 11:26 Friday.

Indochine set for bonanza zone-Range Resources Ltd, Red Emperor Resource
Posted on: Mar 16th, 2013 - 6:48 amhttp://www.directorstalk.com/indochine-set-for-bonanza-zone-range-resources-ltd-red-emperor-resource/

triples24 - as i posted elsewhere ..... which bit of bugger off do you not understand? .... you and your spam are not welcome here

Dont worry cynic - Mr Tom WILSON gone so will triples 24 on Monday. :-)) (Reported to money am last night as was Tom wilson a couple of weeks ago)

What is going on with this company ? 300 workers in TT and no news, must be drinking all the profit in tea. In the 3's again, looks like the market is not buying the talk and no action.

Gone to the dogs!!

Fox-Davies Gives Range Resources (RRL:LN) Price Target of 25p

http://akgulian.com/fox-davies-gives-range-resources-rrlln-price-target-of-25p/214905/

Chuffing heck we may stand a chance yet!!!!! They did not say which year haha!! Is it worth buying more to average down or put the money in my case as I am older than you dc to funeral expenses? Oh! I won £2.60 on Tuesday night in the euromillians, 60p profit and got 3rd and 5th in the National - I wont break even but hey ho I will get something back. Sods law, I could not get the 60-1 winner. Enjoy the rest of the weekend and sunshine.

The year is perhaps out of Fox - davies hands and in ranges. ''Is it worth buying more to average down'' Again only you can decide that. I have not and for the future not putting more into this company. I'm just waiting to sell at my exit price I need. Drinks all round on your win 3m lol. Whats that word ''sunshine''? :-))

Exclusive: Breaking News Range Resources set to announce merger and placing By Tom Winnifrith — Sunday 14 April 2013


A reliable industry source tells me that AIM and ASX listed Range Resources (RRL) is in advanced stage merger discussions. The transaction proposed will resolve the issue of how it is to fund the growth of its exploration and development programme. The details are not fully known to me but I have been told that…
The merger is with Australia listed African Petroleum, one of the many ventures of serial entrepreneur and convicted heroin dealer Frank Timis. It is an all share transaction but at this stage I do not know what share of the enlarged equity Range will get.

At 3.94p Range is valued at £102 million. African is valued at £275 million at 25 Aussie cents.

British investors will remember Timis from the farce that was Regal Petroleum (RPT) but African Petroleum has a strong cash position (unlike Range) and some interesting assets in Cote D’Ivoire, Senegal, Gambia, Liberia and Sierra Leone. 

I understand that the all-paper merger will be accompanied by an institutional placing of around $25 million.






http://www.shareprophets.com/analysis/31/exclusive-breaking-news-range-resources-set-to-announce-merger-and-placing

15 April 2013


PRECAUTIONARY SUSPENSION

Range Resources Ltd ("Range" or the "Company") wishes to announce that its
shares have been placed into a precautionary suspension on the AIM market until
such time as it can issue a clarification announcement in respect of a
potential significant transaction. Range's shares have also been placed in a
trading halt on the Australian Securities Exchange.

AIM and ASX favourite Range Resources (LON:RRL) had small cap investors glued to their computer screens as it stopped shares changing hands pending the announcement of a “potential significant transaction”.

HALF YEARLY REPORT

http://www.rangeresources.com.au/framework/documents/displaydocument.asp?doc=1032

No rns today, so looks like another trade halt Thursday