.

3m, apart from a bit of rain and not much more than a breeze, our area has been lucky. Due to the geographical layout, we rarely get the extremes of weather that are seen elsewhere. This is Wales though, so it will be a long time before we can boast tropical weather!

Have a good weekend all.

well after watching the presentation, PL certainly suggests that TT is the flagship and so anything but a good rns will help his statement and hopefully SP move back into the double figures where it should be. Didn't get the same feeling for Putland, I think he was cautious on this one, why would he want to split this one if he feels encouraged with the results so far. Surely he would feel the SP would benefit if the results were going to be better than or met their original forecasts. Texas appears to be moving towards a sale in Q3 and yesterdays RNS didn't do any harm. Columbia, will see what they tell us about their plans for this. I think Georgia is just a waste of time and probably little will be achieved on that one. So

1. TT
2. Texas
3. Putland
4. Columbia
5. Georgia

I hope when they sell Texas, they go for the share "buy back", there are too many shares in circulation, need to buy up some of those shares and so stabalise the SP.

76m shares yesterday, surprised with so many sells but then again, a lot of buying must ahve happended when it dropped to just over 5p and so a 50%+ for them would encourage anyone to lock in the profits. PL needs to continue with the positive news and get the shares abck into doubles figures !

No ASX,closed tonight.

Remember PL purchased 5% of the Tangiers Petroleum stock. Just wonder what this holds for the future. Will more cash be placed in this company ?

Watched the Range Resources Investor Presentation, ASX Small to Mid Caps Conference in Hong Kong video again. 22 mins and 45 seconds into it answering a questionn PL - ''We would of not drilled the second well. We think stage one we need 250 million barrels of recoverable to start off with. So we would of drilled that second well if we did not think there was a com'' ( Then he stops mid sentence, perhaps a slip of the tongue. :-)) The word was going to be COMMERCIAL.


http://www.brrmedia.com/event/preview/k4xtz7wms4/98359?popup=true

Red Emperor Resources (LON:RMP) and Range Resources (LON:RRL) pushed 8% and 6% higher to 20.75p and 9.2p respectively. Both stocks have been getting attention over the last few days after saying that drilling operations on the Shabeel North well in Puntland, Somalia have commenced, adding that the planned target depth of the well is 2,400 metres and drilling is expected to take 45 to 60 days to complete. The well, the second in the current drilling campaign, is being operated by Joint Venture partner, Horn Petroleum Corp (HRN). Red Emperor holds a 20% working interest in the Dharoor and Nugaal Valley Production Sharing Agreements along with Horn and Range Resources. The Shabeel North well is targeting Upper Cretaceous Jesomma sands, which had good oil and gas shows in the Shabeel-1 well 3.5 kilometres to the south. Petrophysical analysis of downhole electrical logs in the Shabeel-1 well indicated a potential pay zone in the Jesomma of up to 12 to 20 metres with an average porosity of 18 to 20%. It is planned to bring the rig back to the Shabeel-1 location to test these sands to confirm their ability to flow oil once the drilling of the Shabeel North well is completed. Range Resources have also given the market an update that showed a significant increase in Proved [P1] and Probable [P2] reserves for the North Chapman Ranch Project, in which Range holds a 20-25% interest. Range's net attributable interest in proved reserves increased 54%-57%; Range's net attributable interest in probable reserves increased 16%-20%.



http://fox-davies.com/emails/views-from-the-trading-floor.aspx

Horn up 12.69%

Still alot of selling, surprised we stayed blue.

Good to see some of my posts here on the LSE board. :-))

Should be agood rise on the ASX tonight. Needs to catch up.

Is somebody copying them?

God help them 3m .lol They are stating they come from here. What a day with the weather. Need some more news now, thought we may have a near 10% rise today. Markets still very nervous. Looks like spain has only had the cracks papered over for now.

HiI DC
Weather fine here for 2 days now thank goodness, warm yesterday but heating on this afternoon - dry at long last. Spains wallpaper is only for now I think, will e-mail my friend who lives there and is a retired accountant and set up his own business in insolvency and ask him his views on the subject. He is so busy it is not true. He does not hold shares anywhere, he obviously has more sense hehe!! So be it I know he nearly lost all his pension funds a few years ago. RRL had a lot of repeats today in the SP so heaven knows what is going on!! Banks did not recover properly this afternoon from what they were this morning!!!! So I can make out. Anyway tomorrow is another day.

Horn ended up 7.46%

http://www.oilvoice.com/n/Horn_Petroleum_closes_15_million_private_placement/bd6840106694.aspx?__utma=159696636.838357183.1339448648.1339448648.1339448648.1&__utmb=159696636.2.10.1339448648&__utmc=159696636&__utmx=-&__utmz=159696636.1339448648.1.1.utmcsr=t.co|utmccn=(referral)|utmcmd=referral|utmcct=/lnNg4xT9&__utmv=-&__utmk=22018427

ASX did catch up, up 21.50% . Perhaps more news today.

ASX up 26.17%

COLOMBIA FARM-IN FINALISED AND NEW JOINT BROKER APPOINTED
Highlights

* Range to earn 65% (option to move to 75%) interest in the highly prospective blocks PUT-6 and PUT-7 in the Putumayo Basin in return for providing funding for the PSA work commitments (3D seismic and 2 wells)

* Additional opportunity to appraise and potentially re-enter a shut in well on Block PUT-7 which has historically reported reserves of 7.9 million barrels of oil

* 21 mapped leads across the 2 blocks to be the focus of 3D seismic programme

* The Putumayo Basin is an hydrocarbon producing region in Colombia with established infrastructure

* Appointment of GMP Securities Europe LLP as Joint Broker

http://www.moneyam.com/action/news/showArticle?id=4386495

.

""the Colombian farm-in represents a great opportunity
for Range to build its exciting oil and gas portfolio with Trinidad as the
underpin. The Putumayo Basin is a proven producing region with well-established
Companies operating in the region and our 2 blocks are some of the largest
areas on trend which haven't had any genuine exploration and development work
undertaken in recent decades. Leveraging off our significant Trinidad
operations financially, technically and logistically, Colombia further
strengthens our current and future production growth profile as we head towards
10,000 bopd by 2014."