.

/

I'm up 50% in less than a week.

It is on brokermans blog again but I cannot for some reason open all of it up!!!!!!!! More or less saying people in the city are getting aware of these and the news coming out in April. Good stuff.

yep heard the same in the city
another blue day ahead!!!
asx ended 15% up after strong day last night
more kerrrrrrrrrrrrrrrrrrrrrrrrrrchiiiiiiiiiiiinnnnnnnnnnnnnnnnnnnnnnnnnnggggggggggggggggggggggggggg here!

yeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Bought these last year for 4p and not selling to at least 150p in a years time.

Sp is just roaring away, no stopping it at the moment, perhaps might level out around the upper twenties but who knows ?

With this , BAO and TRP....just fab....

Just wondering when the person who bought 2,000,000 last Thursday is going to sell unless I've missed it!!!! Wish it had been me.

We are going to need tea shirts with "I love oil minnows" on it with a nice looking woman in the backround.... ......

nasdaq - if you read my posts - I still have 25% of my original holding - and am quite happy with that!

roll on luch time rush and post 2pm again today - also for those who missed it............

28/2 RNS - Range has applied for admission of the new shares to trading on the ASX and AIM

markets. The shares are expected to be admitted to trading on AIM on or around

4 March 2011.

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

wongaaaaaaaaaaaaaaaaaaaaaaaaaaaaarooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo

Don't want to be a spoilsport but have decided to take a few profits as we have had a tremendous run on the stock......might not be the best timing but just had to bank a few....

Someone saw the share price moving lower and sold ........ to take a few profits

I have not yet

the volume is 51M so far, so something is going on

i would not sell just yet imo!! - take a look screen shot - 50p on the ask - LOL

http://www.screencast.com/users/thedude2011/folders/Jing/media/29bb554a-1002-44c9-96a8-94c11e3eaad1

personally i expect this to reach 27 to 30p today then settle

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa....................... echo!!

You might be right but if you adopt that attitude with every share you will end up missing some profits but with this one who knows ?....anyone any idea what the market cap is now ?.....will keep the rest ahead of the Georgian drilling campaign.

understood - and in most shares i agree - lock in profits - but i have been in rrl since sub 4p very confident there is more today - be surprised if not - if not today another day at worst!
i might be wrong but pl mentioned a price of 50p before the year out in an interview which i believe is 600M value - should check that as i havent time at the mo. - so much news to come here and it is rumoured a 30p t/o approach was rejected only recently - gl

nearly lunch time..................

then 2pm.....................

Do you not think it will dip tomorrow with new shares??? bound to a bit but how much is anybodies guess, may bounce quite quick. Maybe worth selling a few last thing today? any views??.,.

not necssarily....


______________________________________________________________

1. Georgia - 2bn OIP over 68 targets. True, but consider that (i) this is based on seismic from 410km against a total licence area of 7000km (ii) the top 7 ready-to-drill prospects are estimated to hold 730m barrels (iii) the first two targets have been dramatically de-risked by a helium survey conducted by AGI, which points to such targets being oil and gas bearing, respectively (iv) we will (ultimately) hold 60% of the liences, comprised of 40% held directly in RRL and 20% held through our interests in Strait (we have an option to acquire 50% of Strait's shares pursuant to a share swap on the completion of two wells or a commercial discovery, if earlier) and (iv) we will have a (minimum) 50% interest in a large adjacent block in Georgia (Block VIII), which has just been awarded to Strait.

2. Puntland - we have a 20% interest in the Dharoor and Nugal licences, with two wells required to be spudded this year under the terms of the PSA which was agreed early this year. First target is estimated to be in the region of 1bn barrels (200m net to RRL). Rumours are that a drilling contract has been awarded and that mobilisation activity has commenced.

3. Texas - varying interests (20% to 25% in already producing wells). Plans to ramp up production are underway. 2 of 4 payzones in one well have just been fracced (stabilised flow rates yet to be announced) with the frac crew returning shortly to complete the remaining zones. Scope to ramp up production and increase cash-flow here.

4. Trinidad & Tobago - HOA completed some time ago, with a 10% interest to be acquired in a producing company which owns its own rig. Plans to similarly ramp up production and target the deeper Herrera formations in the licence, which can be achieved using company owned rig. Pete Landau has openly expressed a desire to increase our exposure here. Monitor's own deal to acquire 90% of SOCA (the T&T company) recently cratered, which could create an opening for RRL. Again, the rumours are that we will be taking a higher percentage.

5. Columbia - again, the rumour mill suggests that RRL are interested in snapping up certain assets in Columbia (as reported in Evening Standard - http://www.thisislondon.co.uk/markets/article-23928088-takeover-rumours-make-a-splash-in-water-sector.do). Mark Patterson is a key player within the Range ranks and has links with existing E&P players involved in Columbia (which would appear to add credibility to the rumour).

6. Timing - as fate would have it, RRL will shortly embark upon two company-making campaigns in Georgia and Puntland. Clearly a lot of this will provide a short term floor to the share price before intial drilling results begin to filter through.


yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa