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Additional information
Additional Information
Market: AIM / ASX
Sector: Oil & Gas Exploration & Production
Epic: RRL
News: Latest news
Web Site: Range Resources
Other Articles: 30-06-201029-06-201028-06-2010 
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Thursday July 29, 09:30Specialist Energy Group Lays Out a Compelling Blueprint for Growth

After a difficult start to life as a stock market listed company, the company now stands at the threshold of a much brighter future. Legacy issues have been dealt with and the turnaround programme initiated by CEO Ewan Lloyd-Baker is gaining traction.

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Wednesday July 28, 11:30Silver Lake Resources boosts high grade gold resource by 70% to 2.5m ounces

Silver Lake Resources has added over 1 million ounces of gold to its resource inventory during the year after mining 66,700 ounces and expects further encouraging results at its  Mount Monger and Murchison projects.

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Thursday July 15, 02:10Henan Yuguang Lead & Gold investment in Kimberley Metals receives all clear from FIRB

Kimberley Metals (ASX: KBL) has reported that on 12 July the Australian Government Foreign Investment Review Board (FIRB) had no objections to Henan Yuguang Lead & Gold Co. Ltd's [...]

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Range Resources

Range Resources

Range Resources Limited (“Range” or “the Company”) is an ASX (ASX: RRS RRSOA) and AIM (AIM: RRL) listed exploration Company, with its principal activity directed towards finding and delineating natural resources in the oil, gas and mineral sectors in Puntland, Somalia. Range Resources currently has a 100% interest in the sole and exclusive rights to all mineral and hydrocarbon exploration and development in the Somali state of Puntland which covers an area of approximately 100,000km2. Puntland is believed to have all the geological requirements to become a commercial oil-producing region. Somalia, and in particular Puntland, remains one of the last under-explored countries that has a high potential for considerable reserves of hydrocarbons which can be subsequently developed for the benefit of both the people of Puntland and Range Shareholders. The Company believes that through the generation of work and government royalties from hydrocarbon and mineral exploration and development numerous social and economic benefits will result.

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Tuesday, March 16, 2010

Range Resources connects Smith #1 gas well to sales line

Range Resources (ASX: RRS) has announced an update on the company’s US Gulf Coast interests  following the successful connection of the Smith #1 well in Texas to the sales line late last month.

Range holds a 25% interest in the North Chapman Ranch project, Texas. The project area encompasses approximately 1,680 acres in one of the most prolific oil and gas producing trends in the state.

The well has been stabilised and is producing into the sales line at rates of between 2.2-2.8Mmcf/day and 200-250 bbls/day.

The company said the well remains on track to be shut during Q2 2010, where the remaining two zones will be fracture stimulated (if needed), comingled with the currently producing zone, and then introduced to the sales line.

Range Resources anticipates that completion of an independent reserves report on the Smith #1 well will be completed in the coming weeks with the results announced once available.

Based on the success of the Smith #1 well and the expanded acreage, the joint venture anticipates a multi-well program across the lease area with the spudding of a second development well scheduled to commence in April 2010.

The company's seismic acquisition program is nearing completion in the Republic of Georgia, with sign-off of the acquisition schedule to occur before the end of the month.

Range holds a 50% farm-in interest in onshore blocks VIa and VIb, covering approx. 7,000sq.km. Currently, Range is undertaking a 350km 2D seismic program due for completion late March 2010.

Following completion of the seismic acquisition, the seismic data will be processed and interpreted with the aim of identifying drill targets by late Q2 2010/early Q3 2010.

Assuming the successful identification of drillable targets, the company will elect to either: progress the targets at the current 50:50 equity basis with its partner Strait Oil and Gas (UK) Limited; or look to attract potential farm-in partners who could also potential act as operator of a drilling program.

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