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I see this article is two weeks old on Wednesday, so range must of moved on further from here?



Leaks, — February 15, 2012 23:12 — 8 Comments
Major Oil Strike in Somalia
According to contacts working at an exploration site in Somalia’s northern Bari region, itself a province within the semi-autonomous Puntland state authority, drilling teams at the Shabeel-1 well have already struck oil on the second stacked target with results indicating the presence of medium to light crude oil according to an onsite hydrometer. On February 4, Radio Horseed spoke with Africa Oil supervisor Said Farrah Yare who confirmed that a depth of 1,100 meters had been reached, and he had more to say. The following text is an excerpt from the Radio Horseed report, translated from Somali.


“We have reached a target depth of 1,100 meters with the drilling rig, and the results thus far are better than expected. We expect in the coming period to reach a result that will bring immense and surprising joy.
”
Around the same time, explorers in Angola announced that they had impacted fossil fuels at depths of around 400 meters, which Puntland should have surpassed several weeks ago, making the latest developments within the realm of possibility. At this point, the confirmed 1,100-meter target on February 4 is the last official piece of information coming from the operations, but the plausibility of oil having already been discovered is very strong.

On many occasions the Puntland administration and the exploration teams have worked in silence for security reasons. It wasn’t confirmed until the week of January 12 that drilling equipment had been arriving at Bosaso, the main port city in Puntland, just days ahead of the official spudding.

There is a history of Puntland and the oil companies playing brilliant mind games on the public when it comes to drilling, but the surprises they deliver are always spectacular, and more surprises are definitely on the horizon when considering the upcoming London-based conference on February 23, where oil will be a huge talking point and a major point of leverage for the Puntland administration.

Hirsi Fiqi, Editor

DissidentNation.com

(Feature photo courtesy of Range Resources Ltd.)

Nice Bloomberg news will help the US side

.http://www.bloomberg.com/news/2012-02-26/u-k-in-talks-with-somalia-s-puntland-about-oil-observer-says.html

:o)

3m, don't be to quick to sell BEDV, look around you building work is begining to look a bit healthier imo. up to you.,.

Cheers Balerboy, just don't know where to go next we are all in the confused state - sell they go up and visa versa, don't buy something cause too scared and they rocket. Must admit BDEV are showing signs of coming round the bend. Will see how I feel in the morning, being a woman the mood swing may have changed ha! and thanks.

Red Emperor have been suspended on ASX pending an announcement. It concerns capital raising. Does not affect Range.

Range up 12.5% on ASX at present.

Great one kim.

Should be a good day

A blue end.

I must have been standing too close to the freezer! :o)

Dont be so tight and put the heating on. :-))

OH! Kim do be careful you don't want frost bite!!!! Well I got me some more eventually but am no better off than I was before with the spread etc. etc. but at least I am prepared for the rising (so to speak) at least it is still the only one in the blue out of my pile of shrit. Stock watch has been off all afternoon - apparantly the engineers are working on it. Still not got as many as you DC and never will have so happy day tomorrow hopefully.

Sorry I forgot to ask has your stock watch been working - mine still not on but they said they expect it to be done by tomorrow???

Hi 3monkies, I purchased a few this morning as well and a few more RMP. Whats stock watch?

Stock watch is the money am thing where one has live streaming, one puts ones codes in and one can see what is supposedly going on with the ups and downs and trades.

Is that a pay service 3m

3M, my Stockwatch and Level 2 have been ok, was logged out of Level 2 once.

DC yes it is a pay service, I can't survive without it!

But you dont get to see a better price then me at the end of the day .lol

No DC, they may ask you to subscribe but you just press the non membership button.
Sorry I have been so long in replying but I had a phone call. Stockwatch is the right hand button on the top of the screen and you put your epic code down the botton and press add or remove. As in RRL RMP etc and one can watch what is happening through the trading day but it gets very frustrating when one can see that they are repeating sells and buys to suit I would say somebodys advantage. Hope this was helpful if not let me know.

NO IT WAS NOT. Only joking. So you picked up a few more shares as well 3m.
Thought we might have jumped 10% or more today on the weekends news.