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 challenges defamatory article
Range Resources (ASX: RRS, AIM: RRL), an oil and gas explorer with assets in Puntland, a region in northeastern Somalia, has become aware of a misleading and defamatory article posted on the website garoweonline.com (Garowe online).
The article entitled "Somaliland Minerals Minister Accused of Receiving Kick Backs" is attributed to the Somaliland Times. This article makes a series of erroneous and defamatory allegations about Range Resources, the company's contract of work, the company's relationships with a Somaliland government
minister (Qassim Yusuf) and the President of Puntland (Adde Mussa).
Range Resources denies that, it or any of its directors or employees, have ever engaged in any criminal or dishonest activity as alleged in the article.
The Company believes that the article is defamatory, of both it and its directors, and appropriate legal avenues are being pursued.
Other Range Resources articles
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05/08/08 Range Resources oil targets are still there
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21/04/08 Interview with Range Resources
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16/01/08 Range Resources: A Punt on Puntland
Other Range Resources news
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01/10/08 Range Resources aiming to spud first well around year end
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23/07/08 Range Resources shuffles board of directors
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16/07/08 Range Resources seismic programme starts
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30/05/08 Firebird Global Master Fund increases stake in Range Resources
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27/05/08 Range Resources confirms arrival of seismic equipment
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29/04/08 Drilling delay hits Range Resources hard
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03/04/08 Range Resources says Opes Prime holds less than1%
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26/03/08 Range Resources rebounds on Puntland update
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28/02/08 Range Resources expects first well to spud by summer
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28/02/08 Range Resources expects first well to spud by summer