.

And when they were down, they were down. Could they be halfway up next week? No innuendo intended! :o)

Er going on today ending in the red, there had better be more news on Monday, Tuesday--------------

Or perhaps no news at all! ;o)

Sometimes thats better. In the past the sp was fine till we got the news. lol

RMP are matching RRL and they only have cash. They ended blue today. Something tells me do not put anymore cash in here, even to average down. My view only.

Buy, Buy!! Er, no, Sell, Sell!! No, erm, Hold!!

lol

Our own fault, good weekend all.

You too 3m, hope you are feeling better.

Feeling somewhat better thanks kim but not 100% - the snow here is horrendous, if it keeps on nobody will be able to get out. Not a gritter in sight. Hope you are okay where you are. GL

Bonjoir,

Blinking lots of SNOW here "En France".........I did a good move yesterday; we decided to come over to France yesterday at 4:00pm (Pretty handy living in Kent), following seeing the weather forecast; so I made the call to come over..........No sooner arrived, when the heavens opened up with the white stuff.......Freezing in the house.........Log fires are now roaring hot.......Lovely and warm now!

The reason I wanted to share this story; I can make every day decisions, more or less correct, but with share(s)........now there is another story?

Come on Peter, let’s get this tanker turned in the right direction (I liked the past 2 days of RNS's)........Now let’s get that oil out of the ground..........I like that 6000 bopd target, just wish we were there now, not to be 12 to 18 months’ time (A bit conservative that target I feel)?


GLA - Gerponville18

http://www.hl.co.uk/shares/shares-search-results/r/range-resources

It was good to see Range in all BLUE?

honestly don't understand why PL has got into this, when he needs to get some money to fund Trinidad. No announcement on Texas sale which everyone is expecting and spending money without good consistent income coming in. The just reminds me of the partnership with LGO which LGO in the end walked away from. Why doesn't he focus on getting Trinidad producing, prevent the continuious delays and get Texas sold. Has anyone told him its not about how many fingers in how many pies but the results of increasing your income and profits !! To be at the same price as RMP is shocking and thye have nothing going for it at the moment but then again RRL......

Quarterly Activities Report and Appendix 5B

Phone chit chat

http://www.miningmaven.com/companies/aim-mining/range-resources/range-resources-update1/

Trinidad Update
PRNW


11 February 2013

The Manager
Company Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge Street
Sydney NSW 2000


By e-lodgement

TRINIDAD UPDATE

Range Resources Limited ("Range" or "the Company") is pleased to
announce the following update with respect to the Company's Trinidad
operations with the following highlights:

- The QUN 135 well makes discovery of a new oil reservoir in the
Middle Cruse formation, indicating 50 ft. of net oil pay at approximately
3,500 ft., with the well successfully cemented with 5½" casing;

- The QUN 138 well successfully drilled and put into production
with initial rates (five day average) of approximately 85 bopd;

- The QUN 139 well successfully reached revised target depth of
1,300 ft. and encountered total of 70 ft. of good quality oil sands, and 190
ft. of lower resistive oil sands in the Lower Forest formation to be
perforated later this week; and

- The QUN 133 well perforated and drilling to commence on QUN 140
and QUN 141 wells - all targeting the Lower Forest Formation.

Middle Cruse Formation Drilling

The Company is pleased to report that following the successful
deepening of the QUN 135 well to a revised target depth of 3,800 ft., the
Company has made an apparent discovery of a new oil reservoir in the Middle
Cruse section between 3,490 - 3,540 ft. measured depth. Open hole logs
indicate 50 ft. of previously unseen oil pay with porosities in the 21-23%
range, while offset well control indicate that the identified reservoir
section has significant areal extent.

As previously announced the well reached a depth of 3,500 ft. and
logging indicated the presence of additional resistive oil sands. The Company
subsequently deepened the well and confirmed the presence of a new oil
reservoir. Production casing has been run and testing will now commence. Range
is extremely pleased with the results of the Company's first Middle Cruse
well, with the apparent discovery of a new oil reservoir in the Middle Cruse
formation along with the additional resistive sands encountered in both the
Lower Forest and Upper Cruse formations.

Lower Forest Development Update

Following receipt of the approvals, the QUN 138 well was
successfully perforated and placed into production with initial production
rates of 85 bopd over the first five days under a 6/32" choke size. The
Company will continue to monitor the performance of the well and may look to
increase the choke depending on the performance of the well.

The QUN 139 well has reached its revised target depth of 1,300 ft.
and encountered the presence of 70 ft. of high resistive oil sands in addition
to 190 ft. of lower resistive oil sands in the Lower Forest formation. Casing
has been set and cemented and approvals received to perforate the well and be
placed into production later this week. As previously announced, the QUN 139
well location is contiguous to producing wells QUN 119 and QUN 129 which
achieved initial production rates of 129 bopd and 138 bopd, respectively. Both
wells still flow under natural pressure (QUN 129 and QUN 119 are currently
producing 65 bopd and 45 bopd respectively) with QUN 119 having now produced
for 12 months since first production.

Approvals have been received to commence drilling of the QUN 140
and QUN 141 wells, which will continue the development of the Lower Forest
trend, being contiguous and up-dip to the recently completed and successful
QUN 138 well.

In addition to the wells mentioned above, the Company is looking to
commence remedial work on four wells that have experienced comingling of oil
and water sands. Remedial work will be performed on these wells with a small
work-over rig, with additional perforations to be added in two of the four
wells. This work is expected to improve the performance of these wells and add
further to production.

As such, the company has perforated the Lower Cruse formation of
the QUN 133 well, which experienced oil and water sands comingling in the
Upper Cruse and will now assess performance under pump.

Executive Director Peter Landau commented:

"We are extremely pleased with the results of the ongoing drilling
program in Trinidad, and particularly with the discovery of new oil reservoir.
The QUN 135 well confirms once again that the development potential on Range's
Trinidad blocks remains largely untapped. Once production testing of this new
zone is complete, we will make a determination as to how best to develop the
reservoir as part of our expanding portfolio of exploratory, development, and
secondary recovery opportunities in Trinidad."

Further Updates

The Company will be providing further updates shortly with respect
to the MD 248 well, finalisation of the sale of the Company's Texas interests,
the finalisation of the GIG joint venture in Georgia, well performance in
Guatemala and financing arrangements.

In auction +15.8%

New oil reservoir discovered at Range Resources' Trinidad Operations
Mon 11 Feb 2013

RRL - Range Resources Ltd. (DI)


LONDON (SHARECAST) - AIM-listed oil and gas exploration company Range Resources has discovered a new oil reservoir at a well on its Trinidad operations.

The company reported that the reservoir had been discovered at its QUN 135 well, indicating 50 feet (ft) of net oil pay at approximately 3,500 ft, with the well successfully cemented with 5.5 inch casing.

Peter Landau, Executive Director of Range Resources, commented: "We are extremely pleased with the results of the ongoing drilling program in Trinidad, and particularly with the discovery of new oil reservoir.

"The QUN 135 well confirms once again that the development potential on Range's Trinidad blocks remains largely untapped. Once production testing of this new zone is complete, we will make a determination as to how best to develop the reservoir as part of our expanding portfolio of exploratory, development, and secondary recovery opportunities in Trinidad."

Range Resources' share price was up 10.98% to 3.64p at 12:34 on Monday.

Latest Range discovery underlines Trinidad potential




By Darshini Shah | Tue, 12/02/2013 - 09:37






Range Resources (RRL) on Monday reported that the deepening of the Quinam 135 well (QUN 135) in Trinidad had resulted in an oil discovery in the Middle Cruse formation between 3,490 and 3,540 feet.

The well reached a depth of 3,500 feet and logging indicated the presence of additional resistive oil sands. The company subsequently deepened the well and confirmed the presence of a new oil reservoir, stating that production casing had been run and testing would now commence.

Following receipt of the approvals, the QUN 138 well was successfully perforated and placed into production, with initial production rates of 85 barrels of oil per day (bopd) over the first five days.

The QUN 139 well has reached its revised target depth of 1,300 feet. Casing has been set and cemented and approvals received to perforate the well and kick off production later this week. The QUN 139 well location is contiguous to producing wells QUN 119 and QUN 129, which achieved initial production rates of 129 bopd and 138 bopd respectively. Both wells still flow under natural pressure - QUN 129 and QUN 119 are currently producing 65 bopd and 45 bopd respectively - with QUN 119 having now produced for 12 months in total.

Approvals have been received to commence drilling of the QUN 140 and QUN 141 wells, which will continue the development of the Lower Forest trend, which is contiguous and up-dip to the QUN 138 well.

Finally, Range is looking to commence remedial work on four wells that have experienced comingling of oil and water sands. Remedial work will be performed on these wells with a small work-over rig, with additional perforations to be added in two of the four wells. "This work is expected to improve the performance of these wells and add further to production," the company stated.

"We are extremely pleased with the results of the ongoing drilling programme in Trinidad, and particularly with the discovery of new oil reservoir," commented executive director Peter Landau. "The QUN 135 well confirms once again that the development potential on Range's Trinidad blocks remains largely untapped.

"Once production testing of this new zone is complete, we will make a determination as to how best to develop the reservoir as part of our expanding portfolio of exploratory, development, and secondary recovery opportunities in Trinidad."

Analyst view

Analysts at broker FoxDavies said the news underlined the potential upside in Trinidad, as well as the extent to which it would generate cash flow: "While new discoveries have a potentially explosive impact on the valuation, the company's drilling programme has been no less successful on the development drilling front, with QUN 138 brought on at 85 bopd.

"While singly this will not move the company's needle, once you compare it with the number of wells in the inventory and the relatively modest costs involved (c.$50 million (£32 million)), the wells will bring all-important cash flow."

FoxDavies reiterated its 'buy' recommendation, stating it was "encouraged" by the progress Range was making at the start of 2013.

Are we "encouraged" dc????