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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

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""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."

Hi Niceonecyril, sorry to butt in here on this thread, I was interested in your thoughts on Magp I know you like your small/medium size oil companies.

ULB

Great news today, all for the future. Don't think the drop is due to the news not being liked by the market, but more traders looking for short term profits and jumping ship today. We have had a very good rise over the last 3/4 trading days. TT and Puntland news to come and lets hope TT gives us back what the sp has lost today.

Hot, sunny day in the Vale of Clwyd, pity the same can't be said for RRL! :o)

How far are you from them poor flooded people in Wales kim.Cloudy horrible day in the SE. Thursday looks good, then down hill fast.

''Development of the blocks will be funded through existing funds and cashflow''.

No fund raising then, so even better news.

Has anyone got any thoughts about Traders Own for dealing?

http://www.tradersown.co.uk/

I've opened an account and at £6 per trades looks like a good deal. I was wondering if any of you have looked into this.

shareCruiser , I tend to deal through the Halifax. Tradersown was incorporated in 2010
being a 2 year old company. They are FSA backed. My only thought would be in a busy selling or buying period how would they cope compared to the big boys, they may well match them. In my view only, you can only give them a go and increase your transactions with them over a period of time if you are happy with the service provided.

Range Resources (LON:RRL) slipped 8% to 8.35p during early trading after the company said it has entered into an economic participation agreement with Petro Caribbean Resources Limited, under which the company will earn a 65% economic interest in Blocks PUT-6 and PUT-7 located in Colombia in return for funding the commitments under the Production Sharing Agreement with the National Hydrocarbons Agency of Colombia. Has option to move to 75% interest. To provide funding for 3D seismic and two wells. Joint venture partners to review opportunity to appraise and potentially re-enter a shut in well on Block PUT-7. Plans to re-enter the well late 2012.



Read more: http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_Nostra_Terra_Oil_Gas_Range_Resources_and_TomCo_Energy/b21d0134a47a.aspx#ixzz1xc0mXhfY

http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_Nostra_Terra_Oil_Gas_Range_Resources_and_TomCo_Energy/b21d0134a47a.aspx

DC, I am about 70 miles away from the flooded area. Very little chance of flooding in my house fortunately (unless the pipes burst!). It is a nasty experience for those involved.

Sounds like you live in a tree house kim. :-))rrl on the ASX down 7.41%

Thanks DC

I dyd a trade when there was high volume with Halifax. I was refused first time but tried immediatly after and succeeded. Halifax is good for me as I do little trading and no annual charge.

I've just check Halifax and they charge £11.95 per trade.

I'll give Traders Own a go at £6 per trade. I'm switching all my investments (not a lot) from SelfTrade. I hope it works out.

Let us know how it goes SC. Horn down 6.67%

ouch Horn down 10.29%

Good rise on the ASX for RRL up 8.33%

Maybe the LSE should have a price enquiry as to why these went up on the AXS haha!! Not funny DC, only joking. Peed completely off, probably just like yourself.