.

A few more metres to go then and a few more patience required.

hmmmmmm - Lets see what the market thinks of this Thursday.

hmmmm indeed. Gosh we are up late tonight, are you mixing the paint for the etching?

lol 3m.

'Attempts to sample formation fluids using a wireline formation tester were not successful'..... Could well be a red day Thursday.

Thanks to kiama123 from 11





We have not drilled or tested our primary or secondary targets yet!!! That is we're they expect oil!!!

It's a very good sign to have a working system in place and the fact they already have oil shows is very encouraging.

Up, down or sideways tomorrow it really doesn't matter... This stock and rmp are being played to gain stock....

It's getting ever nearer to the main zones and is getting very exciting

Like others have said we must be 10 days or so behind the real drilling depths!!

K

I agree with the above the drill is 10+ days ahead of what we are being fed.

Stop worrying DC I am only a woman as we know or at least I know but feels like good vibes to me. (Hope my vibes are correct). See what tomorrow brings must get some sleep.

Your right 3m, most chat on the boards seem happy with the news. Bed time.

Sounds like an AEX rns to me "we have potential net pay" and then later "......but we could not recover any fluids from it - lets test later on (eg after we try to find something more exciting so you will forget this potentially not really net pay) but for now hey, we have potential net pay....................".

Call me a cynic....... ;)

Up 5.56% on the ASX

http://www.rangeresources.com.au/fileadmin/user_upload/asx/RRS_Announcement_Puntland_Drilling_Update_01.pdf

Up a little.

http://www.google.co.uk/finance?q=ASX:RRS

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Trinidad Update.

Looks good the TT update, suspect this was put out to back up the first news incase
it was not taken to well.

Every cloud has a silver lining so or they say.

We have a TT update 3 days after the mailing should of gone out in the states. No news on this yet ?

Posted this posters comments over the months (pearlexporter) seem balanced

Pearlexporter


Ok, so having fully digested the HRN release I was about to write a very long-ated post about the value and the excitement that this RNS has given me. HOWEVER, looking through the +10 posts, 'several' excellent posts have already fully explained the upside and euphoria that this release signified. A bonus pay section at the top, nearly 700M of 'potential' payzones and we're not even 'officially' even at our first target (note the apostrophes over the word officially). This was more than I personally expected from the RNS and has left me incredibly excited for the next 2 weeks or so ahead.

Trinidad - well, all wells continue to produce above expectation quantities. A little slow, but don't forget these wells are merely the foreplay to the real meal of the Herreras and UC. Walter knows this acreage like no other and has had a 100% success rate since RRL acquired these licences. I stand by my comments some weeks ago, Trinidad alone, especially when we get a little deeper, has the potential alone on the next 12 months of being worth towards the $1B figure....

All good campers. Of course the markets will play with weak holders. Strong holders and those that understand the real detail in this RNS will be adding to the extreme today. I am more confident than ever as to how this will turn out.... A blue finish??? It really wouldn't surprise me today - we have a bonus payzone and masses of other leads before we even reach the main targets. Oh, and just to be predictable, the current SP is worth nowhere near the current value of our P1s in Trinidad and Texas so you really can't lose at these levels... )

A massive buy from me....

Does the drill bit need a sharpen, going to be mid may at this rate.

http://minesite.com/media/pub/var/release_downloadable_file/37169.pdf




Range Resources (LON:RRL) slipped 3% during early trading after the company provided an update on
drilling operations on the Shabeel well in Puntland, Somalia which is being drilled by its Joint Venture
Operator, Horn Petroleum Corp. ("Horn"). The Shabeel well is currently at a depth of 2703 metres and the
setting of the 9 5/8" casing has just been completed. The well drilled through primarily tight limestones and
shales of Lower Tertiary to Upper Cretaceous age and encountered a 355 metre section of Upper Cretaceous
sands and shales of the Tisje / Jesomma Formations at a depth of approximately 1660 metres. The sands in
this interval exhibited both oil and gas shows and petrophysical analysis of downhole electrical logs indicates
a potential pay zone of between 12 and 20 metres in the section. Attempts to sample formation fluids using a
wireline formation tester were not successful and thus the zone will require cased hole testing to confirm
whether they are oil bearing. At a depth of 2015 metres, a thick section of tight limestone and shales was
encountered and extended to the present depth of 2703 metres. This is believed to correspond to the Upper
Cretaceous Gumburo Formation. The forward plan on the well will be to drill ahead to the originally planned
depth of 3800 metres to evaluate the primary and secondary reservoir targets in the Lower Cretaceous and
Jurassic intervals equivalent to the main productive section seen in the analogous fields in Yemen. A testing
programme including the zones of interest seen to date and any deeper potential pay zones identified will be
agreed with partners at that time. Upon completion of this well, the Company plans to move the rig to the
Shabeel North location on which construction is nearing completion.
Horn's President and CEO, David Grellman, commented "We are encouraged by the results to date and
pleased that we have confirmed the presence of an active petroleum system in the Dharoor Valley. We look
forward to drilling ahead into the primary objectives of the well and hope to confirm the shallow prospective
zones by testing in the near future."