.

50/50 as to if there is something commercial.......might not yet have reached target but must be close by now....luckily RRL have many prospects....

Your right rf the big word being COMMERCIAL.

At a guess if we look at the negative side : the sp for RRL would probably pull back to 7p.....and then I reckon over a couple of weeks then recover because less than 10p is still cheap.....if by good fortune they hit the target : well 20p should be on the cards...perhaps a lot, lot more...30p...perhaps.....now it's a gamble but with Texas, Trinidad, Georgia and a few more plus another well in Puntland and the offshore 2d and 3d to look forward to...it looks pretty good longterm....

http://dissidentnation.com/puntland-regional-politician-talks-of-oil-discovery/

May 1, 2012 18:15 — 0 Comments
Puntland Regional Politician Talks of Oil Discovery
One of our own contributors here at Dissident Nation had the opportunity this past week in Somalia to sit down with a Puntland regional leader, whose identity we will not reveal, in a small local conference, and listen to him ramble about the goings-on in Puntland, and the politico had this barrage of interesting points.


The leader, who we’ll call The Director, started on a negative note, stating his dislike of current Puntland President Abdirahman Faroole. The Director told our reporter that Faroole has concentrated his efforts on Nugaal and Bari Provinces, where oil exploration is ongoing, and told us that there is a road in the works that would connect the inland Nugaal Valley town and Puntland capital of Garowe to the seaside town of Eyl.

Security has also been ramped up in the two aforementioned oil-speculated provinces, as piracy moves south into Mudug Province, according to The Director.

The last subject he spoke of was the exploration in the Dharoor Valley. The Director told our reporter that a major reservoir of ‘good oil,’ as he described it, was discovered, and that an announcement was due soon. He went on to conclude that perceptions of Puntland and Somalia have changed, and that the big investors are ready to dive in with certainty.

As always, we take speculation, rumors, and word of mouth, even though this comes from a high-ranking Puntland official under anonymity, and we separate it from verified news reports that we’d normally classify as ‘World.’

Hirsi Fiqi, Editor

DissidentNation.com

hmmm but heard and seen it all before... Also I found interesting yesterday report was that in all other RNS they mentioned the depth that the drilling had reached but on this occasion they just mentioned what the last depth reading was.. Any views on why they didn't mention it...want to keep people guessing on progress....

Interesting, They may well be at Td and feeding us news 10 days + old. Who knows,
all guess work. We dont need anther red day though for sure. Thought the sp would certainly now be in the mid teens.

The big word still being yes they may of found black gold but is it COMMERCIAL.

Not watching today.

another point, did you note the number of updates on some of the other projects are going to be made in teh next 5-10 days which could coincide with the update on Putland. So it could be 1 explosive RNS or another cover the possible disappointment of Putland with good news from other fronts....

Just my view...

Or an explosive rns as well as Puntland. So more news not to far away pumben.

Oil and gas explorer Range Resources’ (LON:RRL) quarterly report shows the company is “making significant progress”, Old Park Lanetold clients in a note today.

After a US$42.7 million fundraising, the company has been able to progress its “highly attractive” drilling and development programme on a number of fronts in 2012, said analyst Barney Gray.

“With a raft of exciting news flow expected over the coming months, we believe that the recent weakness in the share price is unjustified,” he concluded, reiterating his ‘buy’ rating and target price of 30 pence.

The current price is 10.05 pence, down 0.20 pence.





http://www.proactiveinvestors.co.uk/columns/broker-spotlight/9197/broker-roundup-part-2-including-sound-oil-range-resources-ariana-resources-and-solomon-gold-9197.html?__utma=159696636.876792592.1331827462.1334129896.1335890006.5&__utmb=159696636.3.10.1335890006&__utmc=159696636&__utmx=-&__utmz=159696636.1335890006.5.5.utmcsr=t.co

Horn back up 6.7 %

Who be he ?

The Grand Old Duke of York :-)

LOL say no more, lets hope one day they will go up the hill to speak and not down. lol
Good one skinny.

lol .

that statue of yorkie (skinny 3497) looks a bit like michael caine or do i need to go to specsavers!!?? not many people know that!! lol

blue day here - encouraging!

Marauder resources up 20% very near to signing a psa for offshore puntland. Just hope we move like this on news.

interesting dc - we'll see tomorrow hopefully