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ACQUISITION OF 100% OF TRINIDAD ASSETS COMPLETED
"Range Resources Limited ("Range" or "the Company") is pleased to announce the completion of the acquisition of 100% of SOCA Petroleum which in turn holds 100% of three exploration and production onshore oil and gas licenses, along with 100% of a fully operational drilling subsidiary with five exploration drill rigs, four production drill rigs and associated equipment and operational personnel.

As previously mentioned in an earlier announcement, the completion of the acquisition now immediately triggers the commencement of 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 Company is currently updating the current reserve and valuation report across the Trinidad assets which will also include the Herrera potential which has not been included in previous reports."

Range has ENORMOUS upside from here. I have held since 4p and accumulated along the way to hold 1m now.

Sold other oilies to get in here and tha was really hard to do. But so so confident on this one that by year end is a distinct possibility.

I bought sub 3p a year back and sold too early.

Had to pay 14p to get back in.

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Look up 10% at this time.

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not a lot but here's hoping a slight retracement [purely so i can top up as my limit order didn't get filled today] and then onwards and upwards. sold out my XEL to buy some more RRL.

GLA

Alex

yeeeeeeeeeeehaaaaaaaaaaaaaaaaa

i do not think dow will make much difference at all to rrl in all honesty thankfully - it shouldnt do anyhow

gla

http://www.asx.com.au/asxpdf/20110602/pdf/41z02tj9bl3zpz.pdf

RNS out on ASX. Dont think i am gonna be able to top up at a low now despite the Dow's best efforts.

onwards and upwards

GLA

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happy enough topped up at 17.25p it may not be the bottom but was less than i was than the 17.5p i was trying for y'day and still have a bit in reserve if it goes much lower.
Hope this is just market sentiment as i read the RNS as a good thing
GLA

Alex

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