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Range Resources Ltd - One for 2011 (RRL)     

Proselenes - 10 Dec 2010 13:31

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3 monkies - 26 May 2011 12:29 - 656 of 5221

Could be worse I suppose - millions bought up to 25p so I suppose for the ones who were in much less than 10p not too bad still but nevertheless not good and certainly not good for the old blood pressure. Just wish they would put put some of the huge buys through instead of waiting until the end of closing like they have been doing but hey ho! who are we? Just sit tight or find a prayer mat. (as some say in my part of Lancashire "it will b rite".

skinny - 26 May 2011 12:37 - 657 of 5221

As posted - I bought @5.94 sold 50% @16 and a further 25% @21 - so hold 25% of my origainal stake, having banked a decent profit. BTW - I was slagged off for selling too early!!!!

dreamcatcher - 26 May 2011 17:05 - 658 of 5221

.

dreamcatcher - 26 May 2011 18:15 - 659 of 5221

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dreamcatcher - 26 May 2011 18:57 - 660 of 5221

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cynic - 26 May 2011 19:03 - 661 of 5221

another dumb-arse conspiracy theorist ..... lord preserve us!!

dreamcatcher - 26 May 2011 19:09 - 662 of 5221

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Balerboy - 26 May 2011 19:09 - 663 of 5221

glad i sold half a while back, buy back sub 15p or even 14.......

dreamcatcher - 26 May 2011 19:13 - 664 of 5221

.

gibby - 26 May 2011 21:03 - 665 of 5221

well i am hoping for some more early southerly movement tomorrow here to buy more then bounce by about 10:30 & by close of play which i am sure it will - and guess why.......................lol.......................

i & others would not wanna be outta rrl this weekend!!!!!!!!!! lol!!!

have a good evening all

yeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaa!!!

dreamcatcher - 26 May 2011 22:12 - 666 of 5221

.

gibby - 27 May 2011 08:06 - 667 of 5221

cheers

well it is early but l2 strong - good day ahead imo

gibby - 27 May 2011 08:08 - 668 of 5221

yeeeeeeeehaaaaaaaaaaaaaaa!!

From AOI News release today.Still on track for Puntland.

The Company continued to actively explore in East Africa:

In Block 10BB, the Company, together with its partners, is currently in the process of undertaking Full Tensor Gravity (FTG) surveys and finalizing the prospect and lead inventory on Block 10BB. Drilling is scheduled to commence in the third quarter of 2011.

In Block 10A, the Company, together with its partners, has completed recording approximately 800km (gross) of 2D seismic. Seismic data acquired is currently being processed. The Company expects to drill a well on this block in the fourth quarter of 2011.

In Puntland, the Company has recently signed a letter of intent with a drilling contractor and plans to spud the first well in the Dharoor Block during the third quarter of 2011. A second well in the Dharoor Block is planned to commence following completion of the first exploration well.

gibby - 27 May 2011 08:10 - 669 of 5221

going well so far - blue for today's morning purchase - i would not wanna be outta rrl this weekend!!! especially being a bank holiday!!! lol

gibby - 27 May 2011 08:13 - 670 of 5221

5M + trades just over 9mins / majority buys so far

order book interesting non mms on

Balerboy - 27 May 2011 08:14 - 671 of 5221

Most micely blue this a.m hope it continues.,.

gibby - 27 May 2011 08:40 - 672 of 5221

kerrrrrrrrrchinnnnnnnnnnggggggggggggggggg

slightly ahead of me schedule

yeeeeehaaaaaaaaaaaaa

gl

HARRYCAT - 27 May 2011 08:41 - 673 of 5221

Range Resources update to the market:

Texas
Work is being completed on the North Chapman Ranch fracture stimulation ("frac") program, where results have seen a dramatic increase to oil and gas flow rates from the Russell-Bevly #1 well. Work has now been completed on the uppermost zone of the Russell-Bevly, where indications are that the frac was a complete success, with 150,000 lbs. of frac sand having been pumped into the formation. Stabilised flow rates are approximately 3.5 MMcfd and 350 Bopd from the one zone alone, which should add substantially to the overall rate and recovery from the well once co-mingled with the other completed zones (expected to significantly exceed the budgeted 4 MMcfd and 350 Bopd for all the producing zones in the well). Work will now move back to the Smith well.

In the East Clarksville field, Range and its partners await the arrival of frac equipment and crews to begin work on the recently drilled Ross 3H horizontal well. The well was successfully drilled and cased with a 3,400 ft. later section, with good oils shows observed throughout the horizontal drilling phase. Frac work is expected to begin within the next 2 weeks.

Trinidad
Following on from the recently announced agreement that sees Range acquiring 100% of SOCA Petroleum (with completion to occur in the coming days), the Company, along with operations teams in Dallas and Trinidad, is currently finalizing an aggressive work program that is expected to see a rapid increase in production from the existing reserve base as it moves towards its targeted production rate of 4,000 bopd from existing P1 and P2 reserves (currently production is 650-700 bopd). The program will also target the deeper (and potentially bigger) Herrera formation and untested areas not currently forming part of the current reserve base.

The work program is expected to commence in the next 30-45 days with the first phase being 9 shallow wells in the Upper Cruse, Lower Forest, and Shallow Forest formations, at depths of 250-2,000 ft. Based on the shallow target depths, individual wells are expected to take approximately one to two weeks to drill and complete, with initial flow rates expected in the range of 40-150 bopd per well. Range's technical team will also reprocess the existing 3D seismic to upgrade the current 10 plus Herrera targets and will provide regular updates on progress with this work. The process will also update the Company's current reported reserves.

Added Peter Landau, Range Executive Director
"We couldn't be more pleased with the results of the recent frac work on the Russell-Bevly #1. Initial rates from this one zone alone have surpassed what other operators are getting from several wells combined. We are also very excited about the imminent drilling operations in Trinidad. In preparation for what we see as an aggressive development program designed to immediately increase oil production from the existing fields, the Company is taking steps to ensure that the required equipment and drilling supplies are on hand, while addressing human resource needs to meet the additional administrative and operational demands."

mitzy - 27 May 2011 09:10 - 674 of 5221

Nice update.

gibby - 27 May 2011 09:50 - 675 of 5221

good update - excellent morning
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