.

http://www.upi.com/Business_News/Energy-Resources/2012/03/01/Somalias-oil-prospects-add-new-dangers/UPI-81601330635213/?spt=hs∨=er

Up 2.86% on ASX.

Cheers kim. Enjoy your hols DC.

Thanks 3m and kim.

Yes enjoy your hols DC. Don't forget to send a postcard! :o)

Thanks kim, good day for Range today.

http://www.presstv.ir/detail/229645.html

"Many Somalis now wonder why Britain is so interested in the country after neglecting it for years",

I would say one of the reasons were the civil war that lasted for nearly 20 years, but you can bet your bottom dollar that they've been receiving foreign aid from the UK?.

I would not guess it was OIL by any chance. :-))

Britain looks like it can earn a lot of money from setting the country up with infrustructure and advice.

As long as us share holders get a fare share as well ? This should be sitting at 20P
now. Lets hope it gets a move on next week.

A week or so old -


http://www.bbc.co.uk/news/uk-politics-17146141

http://www.the-star.co.ke/business/andrea-bohnstedt/65208-parochialism-will-not-solve-somalias-woes

Just came across this summary tu someone wondering whether to invest?

Mypension,

Look at the market cap and then look at:

a: The production in Texas and imminent results from Smith 2 & Albrecht 1, then move P2 reserves into P1 and sell on and buy back the shares or partake in a further 4 wells.

b: TT bought for £52M including drilling company with 8 rigs, recent rns upgrade by 490% p1 reserves in one of the licences purchased (Beach Marcelle), with further CPR under way for the remaining acreage and the Herara formations which were not included in the original reserves estimate which could have an addition 10-12mmbls in multiple formations then you can see why there is so much anticipation about the 100% owned TT asset.

* Increase in Proved (P1) Reserves in Trinidad by 490% from 2.6 Mmbbls to
15.4 Mmbbls

* The 12.8 Mmbbls increase in Proved (P1) Reserves has independent valuation
(PV10) of approximately US$ 290MM

* Proposed production program (from new reserves) of 1m-1.5m bbls per year
for a minimum of 8 years.

c: Puntland we are 7 weeks into a 12 week drill of the:

* Spudding of the Shabeel-1 well, the first of two planned landmark
exploration wells, in the Dharoor Valley, Puntland, Somalia

* The first oil exploration well to be drilled in over 20 years in Puntland
targeting Prospective Resources of over 300 million barrels of oil (mean
100% basis)

* Initial operations also commenced on the Shabeel North-1 well (second
exploration well)

Back to back drills, rumours have been rife that oil has already been found, test equipment on route according to last RNS.

d: Georgia first well not successful, new seismic being shot and re-assessed to find new drill location spudding due early April.

* In the Republic of Georgia, Range holds a 40% farm-in interest in onshore
blocks VIa and VIb, covering approx. 7,000sq.km. Currently, Range has
recently completed a 410km 2D seismic program with independent consultants
RPS Energy identifying 68 potential structures containing and estimated
2.045 billion barrels of oil-in-place.

e: Range is currently in the process of upgrading to the US OTCQX from the OTC Pink and 643m shares have been moved from the AIM for the float, this will lead to less manipulation and with shares being traded on 3 exchanges will ease liquidity, a 600,000 mailshot is being sent out on Monday in the US and there will be a lot of coverage state side. I can now confirm that the 6th March is the date for the upgrade and the code will be RGRYD for 15 trading days then change to RGRYY.

f: Colombian onshore deal in due diligence could be announced in the very near future.

g: Offshore Puntland deal with joint venture partner MES.

h: All this for just 12.75p per share and you get the best CEO of any AIM listed company.

i:DYOR

Read the RNS, watch the videos etc on the Range website, buy a load and sit back and relax.

Good luck and enjoy your pension.

Langyboy.

from ii

http://dissidentnation.com/10-best-places-to-invest-in-somalia-this-decade/

http://dissidentnation.com/puntland-drilling-reaches-1850-meters/

Big rumours flying about tonight. :-))

http://puntlandnews24.com/war-ku-saabsan-shidaal-qodida-ka-socota-puntland/

Range up 2.8% at this time on the ASX

Seems to be held again at 19 c with a big wall on the ASX. No doubt very soon the wall will be smashed. Perhaps Tuesday when Range gains its new listing in the US.