Range Resources
Range Resources Limited is both an ASX and AIM exploration Company, with its principal activity directed towards finding and delineating natural resources in the oil, gas and mineral sectors in Puntland, Somalia. 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.
Range Resources says Opes Prime holds less than1%
Following enquires by shareholders, Range Resources (AIM:RRL & ASX:RRS) confirms that none of the company’s directors have interests in Range shares held, under margin lending facilities, operated by the collapsed Australian stock broking group Opes Prime.
Range is aware that, like many other junior resource companies, some of its shares may be held under margin arrangement by Opes Prime and may be disposed of by the receiver. Range believes that less than 1% of its shares are held this way.
Other Range Resources articles
-
05/08/08 Range Resources oil targets are still there
-
21/04/08 Interview with Range Resources
-
16/01/08 Range Resources: A Punt on Puntland
Other Range Resources news
-
21/11/08 Range Resources denies ‘defamatory’ comments by Australian broadsheet over alleged ties to Somali pirates
-
01/10/08 Range Resources aiming to spud first well around year end
-
23/07/08 Range Resources shuffles board of directors
-
16/07/08 Range Resources seismic programme starts
-
30/05/08 Firebird Global Master Fund increases stake in Range Resources
-
27/05/08 Range Resources confirms arrival of seismic equipment
-
29/04/08 Drilling delay hits Range Resources hard
-
09/04/08 Range Resources challenges defamatory article
-
26/03/08 Range Resources rebounds on Puntland update
-
28/02/08 Range Resources expects first well to spud by summer