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Range Resources Ltd - One for 2011 (RRL)     

Proselenes - 10 Dec 2010 13:31

.

dreamcatcher - 09 Mar 2012 07:08 - 2991 of 5221

With Greece out the way, lets hope 13p does as well.

dreamcatcher - 09 Mar 2012 07:49 - 2992 of 5221

North Chapman Ranch Update
PRNW


9 March 2012

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

By e-lodgement

NORTH CHAPMAN RANCH UPDATE

Range Resources Limited ("Range" or "the Company") is pleased to announce
further success in the appraisal and development of the North Chapman Ranch
Field in Texas (Range 20-25% interest), with the successful drilling of the
Smith #2 and Albrecht #1 wells.

Initial gross flow rates from the uppermost pay zone, which is one of four
principal pay zones, in the Smith #2 well reached more than 3.0 MMcfd & 125
Bopd, with more than 7500 psi flowing casing pressure on a 10/64" choke. Work
is being conducted now to remove all of the plugs below the upper pay zone and
combine the remaining lower pay zones to achieve maximum rate and recovery.

The Smith #2 well was drilled approximately 1,350 ft. southeast of the Smith #1
discovery well, further extending the Company's Proved Reserves in that
direction.

The Smith #2 was followed immediately by the Albrecht #1, drilled more than
1,500 ft. southeast of the Smith #2. The Albrecht #1 confirmed the presence of
the Howell Hight reservoir in that area and is also expected to add significant
Proved Reserves to the Company's portfolio.

With four wells now drilled in the field, Range estimates that over 80% of the
structural closure at the Howell Hight reservoir falls into the Proved and
Probable (2P) category. Work is currently underway to revise the reserve
estimates at North Chapman Ranch, and is expected to be finalized once The
Albrecht #1 well comes online. The Albrecht well is scheduled for completion
and fracture stimulation within the next 4-6 weeks.

Once the Smith #2 and Albrecht #1 wells are both online, Range estimates that
its net production and cash flow from the project will increase by more than
200% over current levels.

Yours faithfully

Peter Landau


dreamcatcher - 09 Mar 2012 07:50 - 2993 of 5221

Good news, lets hope it reflects today. :-))

skinny - 09 Mar 2012 07:51 - 2994 of 5221

Superfluous!

dreamcatcher - 09 Mar 2012 07:57 - 2995 of 5221

Whats that mean. :-))

dreamcatcher - 09 Mar 2012 07:57 - 2996 of 5221

Sound like a new toothpaste. lol

skinny - 09 Mar 2012 07:59 - 2997 of 5221

I duplicated your post 2992 - so I've removed it as its superfluous!

dreamcatcher - 09 Mar 2012 08:00 - 2998 of 5221

You should not of gone off for a cuppa, you got to be faster next time. :-))

dreamcatcher - 09 Mar 2012 08:22 - 2999 of 5221

Not even up 1% wow

dreamcatcher - 09 Mar 2012 08:27 - 3000 of 5221

The hot money seems to be going into RMP.

required field - 09 Mar 2012 09:21 - 3001 of 5221

Naaaahhhh.....RRL is the one to be in....I'm in both but due to risk more in Range Resources than the Red Emperor....

dreamcatcher - 09 Mar 2012 13:03 - 3002 of 5221

Not good for range holders, money pouring into RMP.

required field - 09 Mar 2012 13:08 - 3003 of 5221

Are you in this one ?.....I would have thought that it was the most sensible of the two....am in both.....

dreamcatcher - 09 Mar 2012 13:12 - 3004 of 5221

I Will just check. No . With all the posting Ive done over the last year, you bet I am.
Range will have its day. Could only be a week or so from the next pay zone. :-))

required field - 09 Mar 2012 13:17 - 3005 of 5221

Fingers crossed...would be fantastic for us if this comes right !....

dreamcatcher - 09 Mar 2012 13:18 - 3006 of 5221

Just would of been nice to see this with a steady rise. If we hit it looks like BOOOOOOOOOOOOOOOOM

dreamcatcher - 09 Mar 2012 13:22 - 3007 of 5221

Range not moving :-((

required field - 09 Mar 2012 13:24 - 3008 of 5221

It will sooner or later....we are a long way from even the first well being completed...months to go yet....boy !...wait till the herd get going on this....
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