Range Resources
Range Resources is a dual listed (ASX: RRS; AIM: RRL) oil & gas exploration company with oil & gas interests in the frontier state of Puntland, Somalia, the Republic of Georgia and Texas, USA.
Range Resources seismic programme starts
Range Resources (AIM: RRL, ASX: RRS) announced that Africa Oil Corp, its 80% joint venture partner for the company’s two onshore oil and gas concessions in Puntland, started seismic recording on July 14th.
Africa Oil already has more than 4,000 kilometres of good quality 2D data for the Nogal Basin Block in Puntland, Somalia. The plan is to acquire approximately 2,600 kilometres of 2D seismic data on the Dharoor Block before drilling two wells in each of its two Puntland concessions.
The concessions encompass two highly prospective hydrocarbon basins and cover an area of 81,000 square kilometres or more than 20 million acres.
President and CEO of Africa Oil, Rick Schmitt, commented:
"We are very pleased with the progress made in our concessions and appreciate the excellent support received from both the Puntland Government and the Transitional Federal Government. Commencement of the seismic program has also reduced the logistical demands on our Puntland infrastructure and we are now working hard to reinstate the drilling program in order to commence drilling during 2008."
Other Range Resources articles
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20/01/10 Range Resources rights issue fully underwritten, appoints UK broker
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03/02/09 Range Resources gives update on Puntland
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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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17/03/10 Range Resources reports ongoing progress in first half
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16/03/10 Range Resources connects Smith #1 gas well to sales line
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04/03/10 Range Resources allots shares
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25/02/10 Range Resources reports significantly higher production from Smith #1 well
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19/02/10 Range Resources advises gas sales to commence in Texas
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17/02/10 Range Resources ties up flow and sales lines in Texas
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09/02/10 Range Resources updates the market on US Gulf Coast interests
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29/01/10 Range Resources extends initial exploration period in Puntland until January 2011
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27/01/10 Range Resources prepares Smith oil and gas well for production, expects seismic results from Georgia in Q2
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05/01/10 Range Resources to raise $7 million through Rights Issue
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