RRL - Range Resources

[hxbro]

BMD probably had some effect, we were just matching ASX which was up 10% more likely.

[hxbro]

ACQUISITION OF 100% OF TRINIDAD ASSETS COMPLETED

International oil and gas exploration, development and production company,
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.

The Company would also like to advise that the recently published research
report on the Company (taking into account the Trinidad acquisition) by Range's
London Brokers Old Park Lane Capital is available on the company's website
www.rangeresources.com.au.

Looking good, the reserves upgrade report should reveal some very large numbers hopefully with the herrera include

[evilsatan]

JR called it right again, I was just about to post the update!

Source:
http://www.rangeresources.com.au/fil...ion_2_June.pdf

Up over 7% again today, hopefully we can close towards 19p.

[evilsatan]

Up 9.2% today, no idea what caused it as I have been busy all day. Apparently some large buys were placed on the orderbook. We closed at a day high so looking positive for a good open tomorrow, fingers crossed

[hxbro]

The broker PR bandwagon starts today with a presentation on Georgia, before they head off on a jolly to TT and Texas, my thoughts were the order for 1.3 million was one of them, and the A trades were them too, that's probably what pushed it up.

[Roach-Rampino]

22/6/2011: RRL closed at 17p today

[wtaylor]

U got much invested RR? Been waiting for these fellas to climb back into the mid 20's been threatening for months

[hxbro]

EGM on now, we should see some RNS(s) today.

on a side note, RMP has listed current 27.50-28 apparently very difficult to get a quote, lack of shares, was going to try trade this morning, but BMR sent that idea out of the window.

[Roach-Rampino]

U got much invested RR? Been waiting for these fellas to climb back into the mid 20's been threatening for months

I dumped my shares a while back mate. Had no real success in share dealing so cut my losses and pulled out of the game.

However I keep my on the markets so I can see "what I would have won" lol.

[hxbro]

It's about to begin...

Georgia spud this weekend possibly, if not I think next week.

Meeting on Puntland next week too, don't think we will hear much for security reasons.

Texas flow rates to come with new wells to be drilled

TT operations about to start (too many wells to count!)

The next 6 months is going to be interesting, got a SB for £450 / point running till Dec, hoping for 50+ points, I've got a very large RMP holding, which I'll be selling and buying RRL again prior to TD on Georgia to reduce the risk, so sometime in August. I'm hoping news on Puntland mobilisation by then will have lifted RMP to new heights, so I can buy back into RRL with a much larger holding than I had, looking for at least 150k shares, hoping for 200k but that would need quite a rise from RMP!

[hxbro]

Georgia has finally spudded!

http://www.rangeresources.com.au/fil...a_14.07.11.pdf

[hxbro]

Quick, someone call Georgia, I think they might have left the gas on

[evilsatan]

I have had no time to keep up with RRL or GKP recently, don't suppose you can post a little digest to get me up to date?

[hxbro]

From a recent post on RUM, I'm now even more confident they'll find Gas on the Georgia drill when it gets to the first target at 800m.

Should be getting weekly updates as per ASX rules, so probably tomorrow.

Friday and over the weekend should see us at the first target hopefully, so news Monday is a possible.

[Roach-Rampino]

20/7/2011 1539hrs - SP: 15.179 -0.07(-0.47%)

[Roach-Rampino]

28/7/2011 1400hrs: 15.38p

[evilsatan]

I've missed something big today,GKP down 21.5%RRL down 19.6%XEL down 14%DES down 17.5%I am just grateful it seems to be the sector rather than individual shares that have been hit. Perfect time for a top up but I don't have funds spare.

[pumpman]

the world markets have finally woken up to the fact that Europe the US are in huge debt and China is feeding a massive bubble, we are in for a big wodge of deflation in commodities where all the money has been hiding , no one will put it in bonds or treasuries so the they are ( they being the main players will be sitting on cash to mop up once more deflation kicks in

[Sanj[UK]]

the world markets have finally woken up to the fact that Europe the US are in huge debt and China is feeding a massive bubble, we are in for a big wodge of deflation in commodities where all the money has been hiding , no one will put it in bonds or treasuries so the they are ( they being the main players will be sitting on cash to mop up once more deflation kicks in

Yup everything is down..what a fucking day :@

[Undertaker]

not everything,biotechs fine have a look at vrp if you have time