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

The year is perhaps out of Fox - davies hands and in ranges. ''Is it worth buying more to average down'' Again only you can decide that. I have not and for the future not putting more into this company. I'm just waiting to sell at my exit price I need. Drinks all round on your win 3m lol. Whats that word ''sunshine''? :-))

Exclusive: Breaking News Range Resources set to announce merger and placing By Tom Winnifrith — Sunday 14 April 2013


A reliable industry source tells me that AIM and ASX listed Range Resources (RRL) is in advanced stage merger discussions. The transaction proposed will resolve the issue of how it is to fund the growth of its exploration and development programme. The details are not fully known to me but I have been told that…
The merger is with Australia listed African Petroleum, one of the many ventures of serial entrepreneur and convicted heroin dealer Frank Timis. It is an all share transaction but at this stage I do not know what share of the enlarged equity Range will get.

At 3.94p Range is valued at £102 million. African is valued at £275 million at 25 Aussie cents.

British investors will remember Timis from the farce that was Regal Petroleum (RPT) but African Petroleum has a strong cash position (unlike Range) and some interesting assets in Cote D’Ivoire, Senegal, Gambia, Liberia and Sierra Leone. 

I understand that the all-paper merger will be accompanied by an institutional placing of around $25 million.






http://www.shareprophets.com/analysis/31/exclusive-breaking-news-range-resources-set-to-announce-merger-and-placing

15 April 2013


PRECAUTIONARY SUSPENSION

Range Resources Ltd ("Range" or the "Company") wishes to announce that its
shares have been placed into a precautionary suspension on the AIM market until
such time as it can issue a clarification announcement in respect of a
potential significant transaction. Range's shares have also been placed in a
trading halt on the Australian Securities Exchange.

AIM and ASX favourite Range Resources (LON:RRL) had small cap investors glued to their computer screens as it stopped shares changing hands pending the announcement of a “potential significant transaction”.

HALF YEARLY REPORT

http://www.rangeresources.com.au/framework/documents/displaydocument.asp?doc=1032

No rns today, so looks like another trade halt Thursday

Chuffing great - not.

Either be 2p on the next rns or erhhh ?

Hope it is not By Bys forever.....

Well lets just hope its for the best. Range looks to me to have no expertise in getting the oil out the ground. So may be we will get someone on board that does. A lot of rumours out there at the moment.

I do smell a share consolidation and a placing,may be wrong.

Dirty word to me, share consolidation as you know, however if that what it takes we shall have to take it on the chin.............

Just hope Fox Davies were aware of the latest news when they gave out the 25p future forecast ?

A very tight ship, with no leaks. Read all the boards and no one has a incline of what's going on. Looks like another day in suspension tomorrow .

Been in suspension since the 15th, Lets hope for a RNS on the ASX tonight.

I am as much a mushroom in the dark as everyone else dc. Not funny.

Will be good to be a mushroom in the light of news 3m.

Merger with International Petroleum RNS

http://www.asx.com.au/asxpdf/20130424/pdf/42ffnkf7g2kbs3.pdf

Restoration - Range Resources Limited

The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 24/04//2013 7:30am, an announcement having been made.

Ordinary shares of No Par Value, fully paid (DI) (B28QX48)(AU000000RRS3)

If you have any queries relating to the above, please contact the company's nominated adviser on +61 (0) 9480 2500.

Range Proposes to Undertake Strategic Merger

RANGE RESOURCES PROPOSES TO UNDERTAKE STRATEGIC MERGER WITH
INTERNATIONAL PETROLEUM

I see that Frank Timis is a shareholder! Not sure if that's good or bad.
"An acceptable Relationship Agreement being entered into with Mr Frank Timis, a director and the major shareholder in International Petroleum, with a current 37.7pc shareholding via Safeguard Management Limited. As a result of the proposed merger, Mr Timis would ordinarily end up with a shareholding of approximately 14% in the enlarged Range."

However, this doesn't seem such a bad deal for RRL which was going nowhere recently, though the 3:2 ratio could have been better. "The merger would be undertaken by way of Range acquiring all the issued capital of International Petroleum." I see pretty much every other b/b is now talking about a share consolidation with the shares in issue being so high, assuming the merger goes ahead. One good thing seems to be that Peter Landau is going to be pushed into the background if the merger continues. Most seem pretty unanimous in their criticism of PL's inability to move RRL in any constructive move forward and the continual erosion of the share price.