Range Resources Limited is a dual listed (ASX:RRS; AIM:RRL) Trinidad-focused independent E&P company, with a 100% interest in three onshore production licenses, namely Beach Marcelle, South Quarry and Morne Diablo, as well as additional highly prospective exploration acreage on Guayaguayare license (farm in) and newly awarded St Mary’s licence.The Company is focused on growing its production through waterflood projects, combined with extensive shallow onshore development drilling programme.

The Company has independently assessed Proved reserves (2P) in place of 22.1 MMBO.

Range has further interests in Guatemala; Puntland, Somalia; Colombia; and Georgia.


http://www.rangeresources.co.uk/about.asp

Closed up today 13.48% at 4.80p

http://www.citation.net.au/media/articles/ASX-Announcements/20130220-Atzam-4---Probable-Reserves--188/1196564.pdf

Well done Dreamcatcher on "Giving this BB a smarter look".........Lets hope the Range SP continues its journey Northwards!

Interesting read on the Citation drilling.

GLA........Gerponville18

StockMarketWire.com
Range Resources said an independent report estimated probable reserves of 2.3 million barrels of oil in the Atzam #4 well in Guatemala.

Range's update followed its recent acquisition of a 19.9% interest in Citation Resources Ltd, and 10% at the project level.

The probable reserve at Atzam #4 excluded contributions from the lower C18 and C19 sections, due to minimal log data, with testing recommended in future wells, Range said in a statement.

It added that preparations continue for flow testing the lower C17 and upper C18 carbonate sections with an electrical submersible pump (ESP).

There were estimated flow rates of 300-400 bbl/day, with an 85-90% oil cut from the lower C17 and upper C18 carbonates with an operational ESP, based on results to date.

Further, significant moveable oil identified in electric logs in the C13 and C14 carbonates still untested.

Thanks G, the old thread was just that and out of date .

Closed up 10%

Better than in the red - still a long way to go for us. I certainly won't hold my breath and worry about capital gains tax for now. UGH! I wish.

lol

Large volume today, recovered and held up well.

Good volumes all week; best day was yesterday.

Rumours......... Citation have put a halt to any share dealing until Monday (This is not the rumour.....RNS issued by Citation this morning); the rumour is; Range to become majority shareholder = Buyout Citation. I assume this would come from the imminent sale of Texas?

So we should have some news of sorts definitely on Monday?

We have so much to look forward too from Range. This is all in my opinion of course. I hope so anyway; I have been topping up from the low 3's. I am more confident in the SP reaching 10/12p, not sure on the 25p.......Fox Davies expert analysis, not mine........I do hope I am wrong though!

GLA.........Gerponville18

Well done with that news G.

Up just under 6%

Wake me up dc please when it goes up 150% - only joking!! A young mother of three is missing and has been since yesterday morning from an area about 6 miles away from me, the police have put posters up all over the place and joe public are all out looking for her - how sad, I sincerely hope they find her alive and well.

That may be a long sleep. Thats sad 3m, fingers crossed she will be found ok.

Suspended on the 21st and a trading halt on the 25th (linked to post 12)



http://www.asx.com.au/asxpdf/20130225/pdf/42d7hgc619kdnz.pdf

http://www.asx.com.au/asxpdf/20130226/pdf/42d8lsb50x1w3z.pdf

placement
http://www.asx.com.au/asxpdf/20130226/pdf/42d8ltyyrqmm8r.pdf

Petrotrin expects increased oil production in 2013 – Breaking News – Trinidad and Tobago
26th Feb
http://www.directorstalk.com/petrotrin-expects-increased-oil-production-in-2013-breaking-news-trinidad-and-tobago/

Range Resources investing US$70-US$100 mill in T&T

http://www.guardian.co.tt/business-guardian/2013-02-27/range-resources-investing-us70-us100-mill-tt

The young mum of three was found dead yesterday morning in a field - post natal depression - how tragic!!!! Very sad around this area at the moment, although I did not know her it is still horrible to think that such a young life 31yrs. has ended up that way leaving a 3 month old baby and two little boys plus her husband, family and friends. God love them all, that is all I can say. It makes all of our troubles seem like little ones.

Sorry to hear that sad news 3m.