.

Up 6.49% on the ASX

DC I think we are hoping that they have been holding this back because if they did, it would be not different to the Barclays Libor case. Think of the people who have lost money on this share, if they did this I think they would be slaughtered !

pumben, I think as you say the 20th Aug is a key date. If they announced a oil find there would be major unrest. I still feel this has been held back, lets say in a legal way. ie not the right testing gear, stretching the drill time etc. We still need the oil to flow in a commercial form ? In the last quarter report I see the 5 mill given for the runway/ airport. Would we have committed to offshore with no oil onshore ?
Fingers crossed.

Horn down 6.67%

Clinton’s East Africa Trip Focuses on Oil, Somalia, Security

“The U.S. shares an interest in bringing stability to Somalia -- that’s a key point of focus -- and reducing the threat that terrorism poses regionally and internationally.”





http://www.bloomberg.com/news/2012-08-02/clinton-s-east-african-trip-focuses-on-oil-somalia-and-security.html

from ll

http://www.africareview.com/News/Puntland+ready+for+bigger+role+in+Somalia/-/979180/1469222/-/875cdr/-/index.html

Northland Capital sees the next couple of weeks as key for small cap oil firm Range Resources (LON:RRL).

The broker sees a win-win scenario for investors, as the shares are “invariably heavily correlated to Puntland results (for good and ill)”.

This means even if the imminent drilling results come up short, any potential fall in the share price could present an “interesting value opportunity”.

Shares lifted 1.5 per cent to 5.1 pence.

New PL interview. Range Resources drives towards shareholder value


http://www.proactiveinvestors.co.uk/companies/stocktube/1259/range-resources-drives-tow

Puntland first two wells not looking good in my view.Seems to Come over in the video that they are drilling in the wrong place.

If these two come in as dusters, we are going to be a long way from shareholder value. PL seems to be pushing the other Range assets.

Fair sp for Range's overall assets would be about 10p.



Based on my 3rd glass of Black Pig Shiraz.

Olympics have been toooooo distractive, far too much celebrating going on here!

Are you new to these boards. lol The olympics have been more exciting then this share.
I think my dip stick on the car has more oil then Puntland. lol

I'm keeping my dip stick strictly private!

Not at all sure what is happening in Puntland DC, there is a strange whiff about it and it may not be oil!

Not me , I check mine in public once a week. :-))

PL as I said has given me bad vibes in that video. Just wonder what the future holds?

I think our only hope is with the 20th of Aug and the politics behind it.

Or the drilling of Nugaal. If the first two are not good, I would think they are not going to be long before they drill Nugaal.

Possibly, yes.

Horn up 1.37%. The market seems as confused as us. No great gains. Sit and wait .