.

Mr dreamcatcher

Am a little behind on things but what is your view as blunt as you can make it.

markymar, This company has been very disappointing to date, hence the sp.
Projects are running so far behind what was believed by me when I invested here.
The future looks good with the likes of TT with the deeper drills. As long as Range
stick to the time scales for the future projects. Colombia looks good as well. All a little way off at this time.
My concerns at the moment is how well this share consolidation/buy back will go.
In the QA today it states it could be 10 for 1 to 20 for 1.
The company are aware there are to many shares making it a penny share, open to shorters etc. Also the American institutions may buy in with a higher sp, PL has said.
As at today Puntland is the important news waiting on the second drill. (due any day)
If the wells are commercial, Puntland will be made a separate identity by Range. Shares will be given to Range shareholders for this new identity. This is due to Punland sort of taking over and none of the other assets being truly valued.
Its going to be 2/3 years perhaps before investors see value in range, if they achieve what they have stated. The company has been way over ambitious with its time frames for projects, hence a lot of investors moving on.
If Puntland comes in, this will be a good start for the company to recover.
May carry on the drift down , sp wise without news. Poor news on Puntland, well it does not need saying as you know with BOR..Still like Tangiers petroleum, just a shame it was issued so early on the aim without much news given to date. News must be due.Hope that helps mm

thanx,good summary

18 July 2012

Red Emperor Resources NL

("Red Emperor" or the "Company")

Shabeel North Drilling Update

Red Emperor Resources NL (ASX | AIM: RMP) is pleased to advise that the Shabeel
North well currently being drilled in Puntland by joint venture partner and
operator, Horn Petroleum Corp (TSX: HRN), is at a current depth of 1,967meters
and has penetrated a 50 meter gross section of upper Jesomma sands with oil
shows. An open hole drill stem test is currently underway to determine if this
zone is oil or water bearing and should be concluded within the next 24 to 48
hours. Regardless of the result of this test, the well will continue to drill
to the base of the Jesomma sands to evaluate any additional lower Jesomma
potential pay zones.

A double figure rise for Range, not seen in a long time.

Horn suspended.

Typical, I nip to the garden centre for 30 mins and look what happens. I will take donations to go to the garden centre frequently to help the sp!

Range rns

Shabeel North Drilling Update
PRNW


18 July 2012

The Manager

Company Announcements

Australian Securities Exchange Limited

Level 6, 20 Bridge Street

Sydney NSW 2000

Shabeel North Drilling Update

Range Resources Limited (ASX: RRS | AIM: RRL) is pleased to advise that the
Shabeel North well currently being drilled in Puntland by joint venture partner
and operator, Horn Petroleum Corp (TSX: HRN), is at a current depth of
1,967meters and has penetrated a 50 meter gross section of upper Jesomma sands
with oil shows. An open hole drill stem test is currently underway to determine
if this zone is oil or water bearing and should be concluded within the next 24
to 48 hours. Regardless of the result of this test, the well will continue to
drill to the base of the Jesomma sands to evaluate any additional lower Jesomma
potential pay zones.

Yours faithfully


Peter Landau

That RNS was a bit late!!

I noticed they were in auction at 16:26 - RNS timed 16:37 or 16:36 depending where you look.

Dont like the word WATER. Hope this comes good.

RMP had news out at 16.18 and 16.28! I expect Peter Landau was too busy blogging :o)

My car runs on water. Well, the kids think so anyway!

Hi kim, looking forward to tomorrow.

Had enough water round here.

I always look forward to tomorrow DC!!

Why ?

Hosepipe ban next week!

No, that's not the reason why?!

I look forward to tomorrow because that means if it does come, I'm still alive! :o)

They are saying use your hosepipes here and leave them on, as there is so much water. :-))