.

Looks like Range has been let off the lead. :-))

The talk and I do stress Talk is a 400mtr column of oil in the first 1200 mtrs drilled.
All talk and I await the company annoucement. I think this is down to the sudden rise after dinner. This could result in 5b recoverable.

If anything of that nature is discovered : RRL would be above 50p and RMP 100p....it would be as stunning as GKP.....

Agree rf, Just put it on here so investors could see, as I say perhaps why the sudden
rush. Again some have put it down to the euro situation settling. I have heard all working on the rig have had mobile phones etc confiscated BUT it only takes one for a leak. Like I say take it with a pinch of salt until an official announcement.

Thanks to NISZCZU on ii

First of all there is a difference between oil column and net payzone:

"Oil/Gas Column: In a well, a continuous vertical section of rocks
saturated with oil and/or natural gas,
comprising both reservoir and non-reservoir rocks. "

"Net pay: Part of the oil column, comprising only the interval or the
sum of intervals of reservoir rocks
saturated by oil and/or gas. It is defined by criteria such as
porosity, permeability and minimum hydrocarbon
saturation. "

Probably 400m from RUM refers to oil column which is in line with thickness of expected JESOMMA interval.
Other rumours gives 55m net pay which is 165 feets - only slightly above high end of HORN CPR estimations.

Excellent result!

Result??

Whilst it may be proven to be true, RRL leaks like a sieve, it's just a rumour.

But ramp away, I took a position the day I asked you when TD was expected.

Evening ptholden, The sp did suddenly take off this aft. Good to see you in here.
No doubt there will be more rumours as we proceed.

RRL up on the ASX up 6.45% - $0.165 = 11.26 pence

Good to see this share correcting and rising to the value it should be.

http://www.proactiveinvestors.co.uk/columns/fox-davies-capital/8295/

Edit 2723 - true at that time, sp ended flat.

Today is 27 days from the day the Shabeel -1 well in the Dharoor block in Somalia Puntland was spudded.
The Namak hvani well /Kursebi 6 prospect is due early to mid Feb, with a target depth of 3500 mtrs. Should be news next week.
We are waiting for a lot of news and I think this will be released to drive the sp upwards into the higher teens + in my view for a drawdown for a purchase in Colombia.
Range holds a 5% holding of the shares in Tangiers petroleum and do not think we have heard the last here yet.

Looks like they needed another tin of pineapples to complete the cake. :-))
Perhaps PL made it. Must say I like the spudceremony, with the lettering getting smaller as it goes across the cake.

Not quite Cake Boss standard but like the spud itself, it's a start.

http://www.rangeresources.com.au/fileadmin/user_upload/research_Reports/lloydsEJ_feb12.pdf

Does anyone know when these start to trade on the usa exchange.

I think about 2.00 p.m. DC

Hi 3 monkies, I know I read these were going to start to trade in the usa and some of our aim stock was being transferred, which will help us. Just was not sure when?

There is another Range resources in the usa that a lot of investors get confused with.

Oh sorry, I've got it wrong then - nothing new in my life. At least they are up a little so far today!!! Ssssh don't speak too soon.