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Additional information
Additional Information
Market: ASX / AIM
Sector: Oil and Gas Exploration and Production
Epic: RRS
News: Latest news
Web Site: Range Resources
Other Articles: 25-02-201019-02-201017-02-2010

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Saturday March 13, 08:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

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Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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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.

CLICK HERE FOR FULL ANALYSIS OF RANGE RESOURCES
Wednesday, October 01, 2008

Range Resources aiming to spud first well around year end

Range Resources Annual Report offered investor’s some additional titbits into ongoing developments at its extensive mineral and hydrocarbon exploration licences in Puntland, Somalia.

First of all, Range Resources confirmed that its joint venture partner, Africa Oil Corp had acquired 300 kilometres of seismic data on the Dharoor Block, with up to 2,600 kilometres planned.  In the Nogal Basin, Africa Oil managed to acquire more than 4,000 kilometres of ‘good quality’ 2D data completed in the late 1980’s. What investors are really keen to hear about is drilling, and Range confirmed that the first well was planned for spudding towards the end of this year or early next year on drill targets are firmed up from seismic data processing.

Moving offshore, Range confirmed that it was in negotiations for a 15,000 square kilometre 2D seismic programme to be funded by joint venture partners. Range did not expand on who the partners may be, but said it could be in a position to announce further information on the exact program and partners by December.

Not often mentioned, but Range Resources still retains substantial tenements in the Forrestania Greenstone Belt in Western Australia.  Here the company confirmed the obvious, that it was looking at its options to ‘realise shareholder value.  Range also added that it had secured its own drill rig, and would use it to conduct drilling in Australia in the meantime.




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