Range Res. ist Produzent und keiner hats gemerkt

Africa Oil übernimmt Leon Energy. Somit erhöht sich der Anteil an Puntland von 45% auf 60%. Das kann ja doch noch spannend werden mit Puntland.

http://tmx.quotemedia.com/...php?newsid=39319372&qm_symbol=LEO:CA

Keith Hill, Africa Oil's President and Chief Executive Officer, commented, "The acquisition of Lion consolidates our interest in the East African rift basins in Kenya and Puntland (Somalia).  The cash portion of the deal will further strengthen our balance sheet to allow us to fully fund the upcoming aggressive exploration drilling campaign."  

1 Puntland mob is anounced
2 Trinidad percentages are announced
3 Frac flow rates are announced
4 ECV drill results are announced
5 NCR spud
6 Georgia mob is announced
7 New Georgia acreage is announced
8 CPR for Georgia is released
9 Gas figures for Georgia are released
10 Georgia spud
11 Puntland Spud
12 NCR frac of next two zones
13 Mystery new project
14 holdings RNS (likely after all the big buying)
15 Trinidad spud
16 Georgia drill results
17 NCR flow rates from all four zones
18 P1 reserves update for ECV
19 P1 reserves update for NCR
20 second drill mob on ECV

Purpi, nichts für ungut....;-)
Leider hast Du durchblicken lassen, dass Du Dich mit Range nicht so recht beschäftigt hast. Ranges Lizenzgebiete in Georgien beinhalten 10% der gesamten Landesfläche Georgiens. Wenns Du ehrliches Interesse an Range hast, oder hier fachkundig auftrumpfen möchtest, dann schau nochmal genau nach, wieviel Öl dort vermutet wird. Von ein paar Barrel kann da wohl kaum die Rede sein.
Alles sieht danach aus,als wenn sich Range bis Ende April nochmal locker verdoppeln wird. Hier ist fundamentale Substanz vorzufinden.

P.S.: mach hier ruhig noch ein bisschen Werbung für andere Aktienwerte.Man kann ja nie genug Tipps bekommen.

Gruß, Mikro  

greetz,
lerocker  

unverändert.....

heute sind paar news gekommen!

 

ich bezog mich auf die Produktion und nicht auf Lizenzgebiet ;-)
In der Barentsee, Mauretanien etc. gibt es auch unglaubliches Potenzial. Wie Du ja wahrscheinlich weisst, ist das eine, was eine EP Firma macht, explorieren, das andere produzieren...und was so eine Entwicklung kostet und wie lange es dauert ab einer erfolgreichen Bohrung zur Produktion zu kommen, weisst Du wahrscheinlich auch. Und so viel Cash hat Range ja nun noch nicht ;-)
Dennoch bin ich auch ueberzeugt von Range, so soll das ja nicht rueber kommen!

@all

Range Resources says production at Russell Bevly well stabilizing after successful fraccing

8:11 am by Andre Lamberti The production rates being achieved at Russell Bevly are consistent will the targeted rate Range Resources (LON:RRL, ASX:RRS) said production on the Russell Bevly # 1 well at the North Chapman Ranch project in Texas has begun to stabilize following the successful fracture stimulation of the lower two pay zones, which was announced two weeks ago.

The production rates being achieved are consistent will the targeted rate of 4 million cubic feet a day (MMcfd) and 320 barrels of oil per day (bopd) per well, based on current production of approximately 1.9 MMcfd & 160 bopd from the lower two zones.

The upper two zones, which have a larger payzone, are still on track to receive fracture stimulation later this month.

Executive director Pete Landau said: "Results to date from the Russell-Bevly frac job have provided encouragement for additional development drilling in the field, which will continue with the drilling of the third well in the coming months. Because North Chapman Ranch wells have a high condensate yield, Range and its partners are able to capture currently high oil prices while remaining positioned for the eventual rise in US natural gas prices."

Range holds a 25 percent interest in the initial Smith #1 well and 20 percent interest in further wells on the North Chapman Ranch project. Drilling of the first well has resulted in a commercial discovery with independently assessed gross recoverable reserves in place on a 100 percent basis of 240 billion cubic feet (Bcf) of natural gas, 18 million barrels (mmbbls) of oil and 17 mmbbls of natural gas liquids.



Range holds a 21.75 percent interest in the East Texas Cotton Valley Prospect in Red River County, Texas, USA, with the prospect's project area encompassing approximately 1,570 acres including a recent oil discovery. Independently assessed gross recoverable reserves in place on a 100 percent basis are estimated at 5.4 mmbbls of oil.



In Puntland in Somalia, Range holds a 20 percent working interest in two licences encompassing the highly prospective Dharoor and Nugaal valleys with the operator and 45 percent interest holder Africa Oil Corp (CVE:AOI) planning to drill two wells in 2011.



In the Republic of Georgia, Range holds a 40 percent farm-in interest in onshore blocks VIa and VIb. Consultants RPS Energy identified 68 potential structures containing an estimated 2.045 billion barrels of oil-in-place.



In Trinidad, Range is acquiring a 10 percent interest in holding companies with three onshore production licenses. Independently assessed gross recoverable 2P reserves in place are estimated at 4.8 mmbls.  

http://www.oilvoice.com/n/...mp;utm_campaign=Feed:+OilvoiceHeadlines+  

15:10 12/03/2011 Re: Edison Investment Research
Sorry that should have read

Edison missed this

We have 50% now farmed down to 40% of Georgia 2 Blocks

But we will also own 20% of the other 40% of the current 2 blocks
by aquiring 50% of Strait Oil the company as well so 60% of the current 2 Blocks.
Also
Strait have just won a 3rd block, block VIII so we will automatically
own 50% of the 3rd block, block VIII by owning 50% of Strait Oil.

"This relates to Range Resource’s prepayment for an investment in 50% of the unlisted UK Company Strait Oil & Gas (UK) Limited,
along with the prepayment for an investment in 10% of a holding company with production licenses in Trinidad. Details of these
transactions are shown below:
(i) Georgia
The terms of the agreement with Strait Oil & Gas (UK) Limited includes the issue of 70m ordinary shares and 70m listed
options ($0.05, 31 December 2011) upon various milestones. In addition, to earn the 50% of Strait Oil & Gas (UK)
Limited, Range was required to complete Phase II of the relevant Production Share Agreement applicable to the two Oil
and Gas blocks, comprising mainly the completion of 350km of seismic and well selection. As at 30 June 2010, Phase II
was completed and 40 million of the shares and options had been issued due to milestones having been met."

Page 50

http://www.rangeresources.com.au/fileadmin/...cial_Reports/892768.pdf
By Troutfisher  

die das vorherige Posting von Malkus ( Danke ) ein bißchen eindeutschen können. Gebt doch mal Eure Meinung ab , ich verstehs nicht ganz.
DANKE  

Da wird die meinung vertreten, dass Range sich wohl noch viel stärker in Georgien angagiert, als bisher bekannt gewesen ist, da Range zu 50% an Strait Oil investiert sein soll und jenne Strait oil einen dritten Block in Georgien zugesprochen bekommen hat...  

... man stellt einfach mal lustig ne Order zu -10%, - 15% oder auch -20% ein und zack - es finden sich immer reichlich die ihre shares für nen penny werfen.

Zumindest an der Börse wird es gelten: alles wird gut!

unbedingt halten!
nur meine Meinung - keine Handlungsempfehlung!

greetz,
lerocker  

3:11 16/03/2011 Proactive Investors
Range Resources (LON:RRL, ASX:RRS) said mud logging results from the Ross 3H #1 well at the East Texas Cotton Valley project have been “encouraging thus far”. It said there have been oil shows over an interval of more than 400 feet, including crude in the mud pits while drilling.

http://www.proactiveinvestors.co.uk/market_wraps/...n-gold-26379.html  

http://www.asx.com.au/asxpdf/20110317/pdf/41xhgd5mdnv451.pdf


greetz,
lerocker  

http://www.investegate.co.uk/Article.aspx?id=20110321074039P37AD


Texas update
Range Resources LTD
Texas Update


21 March 2011

The Manager

Company Announcements

Australian Securities Exchange Limited

Level 6, 20 Bridge Street

Sydney NSW 2000

By e-lodgement

TEXASUPDATE

NORTH CHAPMAN RANCH

International oil and gas exploration, development and production company,
Range Resources Limited ("Range" or "the Company") is pleased to announce that
the fracture stimulation program has recommenced on the North Chapman Ranch
project, with the arrival on site of leading fracture stimulation specialists -
Frac Tech.

The largest zone (second from top) on the Russell Bevly well is currently being
fracture stimulated with initial results looking promising. Once successfully
completed, Frac Tech will move across to the Smith #1 well and frac the upper
zone, which was perforated on March 18 and this zone currently flowing at more
than 1.3 MMcfd.

Frac Tech will then move off site and look to return in the comings weeks to
complete the fracture stimulation of any remaining zones in the Smith and
Russell Bevly wells.

Consistent with past fracture stimulations performed within the region, this
program is expected to add to the success of the lower two zone frac of the
Russell Bevly well and further improve flow rates and recovery, which should
significantly increase cashflow from the field.

Range will provide further updates in due course.

EAST TEXAS COTTON VALLEY

As previously announced, the Company and its partners have drilled the East
Texas Cotton Valley objective section to a depth of around 5,500 ft (1,680m) in
its Ross 3H #1 Well at the East Texas Cotton Valley Project. Electric logs and
sidewall cores confirm approximately 130 ft. of gross oil pay in the objective
section. Directional drilling operations have now commenced, with the well
currently drilling ahead at approximately 4,550 ft (1,390m) measured depth.

The well has a projected total hole length of 8,200ft (2,500m), including a
2,500ft (762m) horizontal section through the Cotton Valley oil reservoir. The
Company will continue to provide further updates as information becomes
available.

The Company would also like to announce the draw down of a further £7,255,000
of its £20,000,000 equity line facility with First Columbus LLP. Details are
set out in the attached Appendix 3B.

Issue of Shares and Options

Range Resources Ltd (the "Company") is pleased to announce the issue of the
following securities:

* 14,304,235 Ordinary Fully Paid Shares being issued upon exercise of listed
options (A$0.05, 31 December 2011)

* 42,000,000 Ordinary Fully Paid Shares being issued upon drawdown of £
7,255,000 on the equity line of credit facility (issued at 17.3p per share)

* 1,000,000 Ordinary Fully Paid Shares being issued as part of technical
consulting arrangements for the Texas assets

Following the issue of these securities the total number of securities on issue
are as follows:

1,450,724,183 Ordinary Fully Paid Shares (RRS)

219,757,426 Listed Options (RRSO) (A$0.05, 31 December 2011)

855,166 Unlisted Options (£0.04, 30 June 2015)

60,000,000 Unlisted Directors Options (A$0.10, 31 Dec 2011)

3,177,029 Unlisted Options (A$0.50, 30 June 2012)

Range has applied for admission of the new shares to trading on the ASX and AIM
markets. The shares are expected to be admitted to trading on AIM on or around
28 March  

12:53 21/03/2011 Georgia Rig Mobilisation IMMINENT
Just received this from Jacob


From: xxxxxxxxxxxxxxxxxxxxxxx
[mailto: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx]
Sent: 21 March 2011 12:11


Afternoon all,

Range Resources will be speaking at the 2 day conference starting next week

Range Resources Anthony Eastman
Strait Oil/Gas - Alan Hitchens CEO.

I have it on good authority that we will have rig mobilisation news prior to the conference. We reiterate our price target of 83p

http://www.giogie.com/2011/documents/...onferenceDraft18March2011.pdf


Jacob


Don't shoot the messenger; I am just adding what I have received
By zakmo786  

http://www.londonstockexchange.com/exchange/news/sharecast/news-detail.html?newsId=4122161

Range Resources hopes to improve flow rates AIM-quoted oil and gas producer Range Resources says that fracture stimulation specialist Frac Tech has recommenced operations at the North Chapman Ranch project in Texas, which should improve flow rates and cash generation.

21 Mar 2011 - 15:13  AIM-quoted oil and gas producer Range Resources says that fracture stimulation specialist Frac Tech has recommenced operations at the North Chapman Ranch project in Texas, which should improve flow rates and cash generation.  The fracture stimulation should also improve recovery rates - based on the experience of other zones in the area.  Drilling continues on the Ross 3H #1 well in the East Texas Cotton Valley property. "Electric logs and sidewall cores confirm approximately 130 feet of gross oil pay in the objective section", according to the company.  Range also has interests in Africa and Georgia.  Range has drawn down a further £7.26m of its £20m equity line facility with First Columbus. That involves the issue of 42m shares at 17.3p each.

 

11:26 22/03/2011 GEORGIA
In Georgia, in Eastern Europe, Range acquired a 100 per cent interest in Blocks V1a and VIb which cover about 7,000 sq km where RPS Energy identified 68 prospects with combined oil-in- place of 2 billion barrels. Of the 68, six have been prioritised as a drill-ready with a gross oil-in- place estimate of 728 million barrels.

First, Range and its partner in Georgia, Strait Oil & Gas, announced that they had signed an agreement with ASX-listed Red Emperor Resources to acquire a 20 per cent farm-in interest in both Georgia blocks comprising a 10 per cent interest in each from Range and Strait. This is a good deal for Range given that it reduces the company’s financial exposure to initial exploration drilling from 100 per cent to 60 per cent whilst ceding only 10 per cent of its interests in the licences.

Second, early results from a helium study on the top three multi-stacked prospects identified by international geochemical company Actual Geology International (AGI) came in. The technology used by AGI monitors helium gas emanating from beneath the ground towards the earth’s surface. Helium is ten times more soluble in oil and 150 times more soluble in gas than in strata water, so abnormally high concentrations of helium gas (helium anomalies) in subsoil air can indicate the presence of hydrocarbon deposits in underlying formations. The three prospects looked at are estimated to contain over 450 million barrels of gross oil-in-place. Although the study is not finalised, these preliminary findings are an important development in that they support RPS Energy’s initial valuation of Blocks V1a and V1b and further de-risk the three drillable prospects.

Third, Range has announced that a drilling rig has been secured for the Georgian drilling programme. The company has entered into an agreement with Edeco Petroleum Services to provide the drilling rig, with operations currently underway on preparing and servicing the rig and associated inventory in readiness for mobilisation, currently scheduled to start this month ( March 11) with spudding in April.

By Charlie Farley 2  

Sorry, dass ich mich in letzter Zeit so wenig melde.
Range läuft und daher kümmere ich mich nicht mehr drum.
Die Stücke liegen im Depot, bis zum Jahresende.
Dann wird weitergeschaut.
Währenddessen macht es Sinn, sich nach den nächsten Top-Werten umzusehen...
Es gibt jeden Tag neue Chancen.
Wichtigste Rahmendaten:
-Projekt
-Management
-Aktionärsstruktur
und natürlich der Einstiegszeitpunkt.

Dazu ist zu sagen, dass 100mal von irgendwelchen Foren oder Börsenbriefen durchgekauten Werte sehr viel schlechter abschneiden, als Companies, die noch nicht so riesig bekannt sind. Hier ist also noch großes Potential. Sehr wahrscheinlich werden wir Zeuge, wie in D die Orderbücher prall gefüllt sind, wenn Range erst bei 0,50 Euro steht.
Ausserdem sollte man meiner Meinung nach sein Augenmerk auf Titel legen, welche die Hauswährung in CAD oder AUD haben, evtl. auch China.
In Eurowerte investier ich nix mehr, bis der Schrott endlich platt ist.
Wichtig wird dann sein, den Absprung zu schaffen, wenn z.B. ein AUD-Dollar 2,5 Euro Wert ist...(reine Spinnerei, dennoch nicht unmöglich)
In den nächsten Tagen wirds beim Euro wieder richtig krachen...
Die Richtung ist vorgegeben!
Man kann die Bürger nicht auf lange Zeit mit einem statistischen Warenkorb verarschen, welcher z.B. einen VHS-Rekorder enthält (wird wohl kaum teurer), oder wo die Kostenstrukturen einfach so aus dem Gusto verschoben werden können, um so eine Inflation von 2,1% vorzutäuschen. Der wahre Kaufkraftverlust ist momentan p.a. 7%!!!

Es gibt also einige Kandidaten, welche ich momentan favorisiere.
Wens interessiert: ADO, MHM, UCU, MSV,...und noch einen ganz speziellen, bei dem ich aber noch auf Infos vom Managemnt warte.

Also hier ist wohl kaum eine tägliche Researcharbeit mehr nötig, daher mein Eingeschränktes Engagement.

Good Luck, Mikro  

Danke, dass Du hier am Ball bist.
Sehr interessantes Posting aus iii.
83p ständen meinem Depot nicht schlecht ;-))))  

http://www.shareprice.co.uk/RRL/RANGE-RESOURCES-LD

http://www.asx.net.au/asx/research/...o.do?by=asxCode&asxCode=RRS



+ interessante Meinung aus iii

RNS: Texas
9.2 MMcf of gas and approximately
769 bbls + of oil per day.

This is great news and indicates PL's statement of North Chapman Ranch
20 wells flowing 4 Mcf Gas and 500 - 1000 bbls of oil per day is a realistic prospect.  

sehr interressant, hier zwar RMP, jedoch %tual vergleichbar mit Range in Georgien und Puntland

http://www.red-emperor.com/files/announcements/RMP%2023-03-11.pdf  

http://www.asx.net.au/asx/research/...o.do?by=asxCode&asxCode=RRS

23 Seiten, viwl Spass beim lesen...

http://www.asx.net.au/asxpdf/20110330/pdf/41xqvlhc1my848.pdf  

... auch mal eine lustige Situation - hatte eigentlich gestern meine RRS (EK 0,18€) liquidieren wollen, weil Kohle von Nöten.
Meine Hausbank und zugleich Broker aber hat die Order als KAUF-Order (0,229€) ausgeführt, obwohl Konto leer .-)

- tja, jetzt sitze ich auf einen Haufen Shares und überlege, ob ich nun heute ins BID verkaufe oder die Nacht abwarte und hoffe, das RSS anzieht. Vom Chart her sieht es ja dannach aus - tippe 0,320- 0,330 $ ....

Was meint Ihr?

greetz,
lerocker  

momentan unsicher, ich überlege meine anzahl zu verringern da hier irgendwie nichts passiert keine nachrichten wenig umsatz und und und  

heute in London. Über 40 m gehandelte Shares, allerdings ohne große Bewegung...