.

WARNING! Please do not open my last post, I cannot confirm it but there may be a possible virus attached.

Kim I cannot get the 'Something for the weekend' up just get cannot display the web page.

3m, I think it is a technical glitch caused by my finger and thumb clumsiness! I thought it may be a virus because I cannot edit the post but it seems to be clear.

Try this!:-
http://sunatimes.com/view.php?id=1711

http://sunatimes.com/view.php?id=1711

That's better!

Kim - you have a superfluous less than sign, slash, "a", more than sign at the end of your post 2823!

Thanks Kim I typed it in and got it. mmmmm!!!!!!

Skinny, I know, I have not been able able to amend it so I have asked MAM to delete it!

Glad you found it 3M!

These DODGY people that come on this site. Very DODGY that kimoldfield . :-))
Go out shopping for the morning and he wrecks the rrl site wow.

3 monkies I would not trust him. :-))

picture of a load of scrap metal ? LOL

kim- Thanks for the link. The ISA will be maxed out next week!

http://www.investorschronicle.co.uk/2012/02/24/shares/news-and-analysis/the-oil-and-gas-wells-to-watch-Onkox5M4wFLu1Jbvxp3TDO/article.html

Thanks to Big Gib loves alot of black 28 another of PLs emails interesting





I won't bore you with all the details but below is a few questions I asked RRL Chief PL with his answers which as usual most of which are straight to the point.

BG Alot of questions going around as to how your only around 1300m depth after 37 days??? Yet you still expect to reach TD by end of Q1.

PL Remember it's fully cased and, as we go deeper the hole gets a lot narrower.

BG Are you hopeful of reaching TD by the end of Q1?

PL Yep

BG With regards to comments within yesterday's RNS it mentioned testing equipment. I have also seen someone mentioning production testing equipment.

Will this testing equipment be used to test something we have already drilled through above 1300m?

PL Can't answer that ( nearly had him!!!)

BG If our next 2 target payzones hold HC would you expect TD to slip slightly maybe into early Q2 as it seems we have slowed since reaching 1300m hence the need for testing equipment? If HC of sorts are encountered within our next target areas then surely we will slip due to further testing this payzone.

PL We have not yet hit our primary or secondary target zones yet - couldn't think of a better reason for time slippage.

Good answer on the last one.

By the sounds of it they think we are on schedule due to the deeper we go the narrower we need to drill not due to fact that we will be drilling through saturated fully loaded HC soaked sandstone.

All they are not even at their primary and secondary target yet. What does that mean????

Anyway just thought I would share with you guys. Another 4-6 weeks and we will know all we need to know

Very interesting -

http://www.guardian.co.uk/world/2012/feb/25/britain-oil-dash-somalia

The best bit from the above post reads -

Britain is not the only country looking to develop Somalia's vast natural resources. Last month oil exploration began in Puntland by the Canadian company Africa Oil, the first drilling in Somalia for 21 years. Hashi, who sealed the Africa Oil deal, said the first oil was expected to be extracted within the next "20 to 30 days".

The company estimates there could be up to 4bn barrels (about $500bn worth at today's prices) in its two drilling plots. Other surveys indicate that Puntland province alone has the potential to yield 10bn barrels, placing it among the top 20 countries holding oil. Chinese and US firms are among those understood to have also voiced interest about the potential for oil now that, for the first time in 20 years, the country is safe enough to drill.

Yet it is the extent of oil deposits beneath the Indian Ocean that is most exciting Somali officials. One said the potential was comparable to that of Kuwait, which has more than 100bn barrels of proven oil reserves. If true, the deposits would eclipse Nigeria's reserves – 37.2bn barrels – and make Somalia the seventh largest oil-rich nation.

The state-owned China National Offshore Oil Corporation has tried to acquire an interest in Somalia's reserves. Senior officials from the Somali transitional government are adamant that the imminent extraction of oil in Puntland next month would kickstart a scramble from the multinationals.

From 11
http://www.guardian.co.uk/world/2012/feb/25/somalia-alshabaab-oil-west

From the above statement -

They expect the oil to flow within weeks. Coming from two miles underground, the crude should reach the arid plains of Puntland in the north-east corner of Somalia by April.

This has been played down by Range, if Puntland Land is a success ( without the huge ocean, we may have a 20% free carry) then this dwarfs any thing we have including TT. It will be a case of prove the oil up. Dont think it will be long before we hear from the Chinease or Americans in a bidding war.The Chinease are after the ocean now.