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Last Post: 12/3/2019 6:23:11 PM - Followers: 12 - Board type: Free - Posts Today: 0

 

 

Range Resources Website www.rangeresources.com.au/      Google www.google.com/   Bloomberg www.bloomberg.com/  Oil and Gas International oilandgasinternational.com/default.aspx

 

Range Resources Limited (“Range” or “the Company”) is both an ASX-listed (ASX: RRS RRSOA) and AIM-listed (AIM: RRL) exploration Company, with its principal activity directed towards finding and delineating natural resources in the oil, gas and mineral sectors in Puntland, Somalia; the Republic of Georgia and onshore Texas, USA.

Range’s main focus is in Puntland, Somalia where it holds a 20% working interest in two Production Sharing Agreements (PSAs) for the Nogal and Dharoor Blocks. These conscessions encompass two highly prospective hydrocarbon basins covering an area of 81,000sq.km or more than 20 million acres. 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.

In July 2009, The Company entered into a Heads of Agreement with the private UK company Strait Oil and Gas Ltd. to acquire a 50% interest in two oil and gas blocks in the Republic of Georgia.

In September 2009,  Range  acquired a 25% interest in the  North  Chapman  Ranch  project in  Nueces  County,  Texas. The operator, US-based  private  oil  and  gas  company  Crest  Resources Inc., has already commenced drilling the first well.  The  project  area  encompasses  approximately  1,280  acres  in  one  of  the  most  prolific  oil  and  gas  producing  trends  in  the  State  of Texas.

With Range’s planned onshore drilling program in Puntland, and its progress towards developing a joint exploration strategy with the Puntland Government for offshore Puntland, the Georgia and Texas farm-in are considered by Range to be a significant step towards establishing the company as a diversified international explorer with a growing oil and gas acreage position and significant upside potential.
 

North Chapman Ranch project, onshore Texas, USA www.rangeresources.com.au/Texas-USA.91.0.html

In September 2009, Range acquired participation interests in the North Chapman Ranch project in Nueces County, Texas from Crest Resources Inc., a US-based  private  oil  and  gas  company.
This consisted of a 25% interest in the North Chapman Ranch project’s first well – Smith #1 – and 20% in all subsequent wells assuming the exercise of certain clawback provisions by joint venture partners based on the current success of the Smith #1 well.
The  North Chapman Ranch project  area  encompasses  approximately  1,680  acres  in  one  of  the  most  prolific  oil  and  gas  producing  trends  in  the  state  of Texas. 

Smith #1 well (25% WI) www.rangeresources.com.au/Smith-1-well-25-WI.92.0.html

The Smith # 1 exploration well was spudded on 4 September 2009. On 12 November 2009, the well reached its target depth of 13,975 ft. (4,260m). Based on open-hole logs indicating approximately 120' (37m) of net pay thickness in three zones with no water, 4 ½" production casing was run to target depth and cemented in place. One of the three zones was perforated and after an interval of just 20' (6.2m) bottom-hole pressure was estimated to be approximately 11,650 psi.  To date, Gross production for the quarter from the Smith #1 well has been approximately 73k MMcf of natural gas and 5,350 bbls of oil.

Russell-Bevly #1 well (20% WI) www.rangeresources.com.au/Russell-Bevly-1-well-20-WI.93.0.html

On 12 May 2010, Range announced the spudding of the Russell-Bevly Unit #1 appraisal well, the second well in the North Chapman Ranch Field project.  The projected total depth of the well is 14,000 ft. (4,260m), and located approximately 1,900 ft. (570m) north-northwest of Smith #1. Well expected to equal or exceed Smith #1, and is awaiting connection to piping infrastructure by end of August 2010.
 

Puntland www.rangeresources.com.au/Puntland.24.0.html

Range entered into a Heads of Agreement in October 2005 to acquire a 50.1% interest in the sole and exclusive rights to all mineral and hydrocarbon exploration and development in the Somali state of Puntland. In July 2006, the Company reached an agreement to acquire the residual 49.9% interest in the rights to the exploration and development of Puntland’s natural resources. Several major oil companies obtained exploration concessions and conducted considerable exploration and drilling over large parts of the State both onshore and offshore during the late 1980’s and early 90’s. These companies included AGIP, Shell (Pecten), Conoco, Phillips and Amoco. Range has been able to obtain through Government sources previous exploration documentation relating to the hydrocarbon exploration in the Nogal Valley area in Puntland up until 1991. The documentation includes original seismic tapes, well logs   and processed seismic sections identifying major targets found prior to exploration activities ceasing in Somalia. Upon review of the data it was noted that the Nogal Valley area demonstrated: Abundant oil shows; Thick, high porosity reservoirs; Many large structures; and An excellent regional seal.

 

Republic of Georgia www.rangeresources.com.au/Georgia.23.0.html 

Range has entered into a Heads of Agreement with unlisted UK company Strait Oil and Gas Limited (“Strait”) to acquire a 50% interest in two oil and gas blocks in the Republic of Georgia, Eastern Europe. The two blocks subject to this agreement, Blocks VIa and Vlb  cover a contiguous area of 7,000 sq km (approx 10% of the surface area of the Country) and were subject to significant exploration in the Soviet era. Too much good stuff to individually list here, see link for the goods.

 

Trinidad www.rangeresources.com.au/fileadmin/user_upload/asx/863750.pdf

Range Resources acquires 10% interest in Trinidad oil fields and local drilling company. Current production is 700 BOPD however Range believes that with a minimal work program coujld lift that to 3500 BOPD within 36 months on the known reserves. Again, too many assets to that deal to list individually, see link for all the goods.

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PostSubject
#1623   Range Resources Ltd. changed to Star Phoenix Group Ltd. Renee 12/03/19 06:23:10 PM
#1622   Somalia - where is the oil? Jungle Rudy 04/01/14 08:55:39 AM
#1621   TEXAS ASSET $30M SALE FINALISED garyhalvo 08/09/13 12:18:45 PM
#1620   CTR news garyhalvo 07/11/13 08:31:07 PM
#1619   Nice Gary, it won't matter. Range must consolidate b4atf 07/08/13 08:50:31 PM
#1618   Guatemala update garyhalvo 07/08/13 08:41:20 PM
#1617   More dilution. I want to get paid. b4atf 07/04/13 11:36:41 PM
#1616   Hi Tony, will you please re-post the Range b4atf 06/22/13 08:02:07 PM
#1615   http://www.asx.com.au/asxpdf/20130617/pdf/42ghnm78kj4cfx.pdf garyhalvo 06/16/13 08:54:10 PM
#1614   Range is tough Gary, news does not move b4atf 06/10/13 01:58:10 PM
#1613   GREAT TRIN UPDATE http://www.rangeresources.com.au/framework/documents/displayd garyhalvo 06/10/13 05:50:32 AM
#1612   http://www.asx.com.au/asxpdf/20130603/pdf/42g86bd2r67vn6.pdf garyhalvo 06/02/13 08:38:00 PM
#1611   GUATEMALA UPDATE b4atf 05/29/13 11:26:35 PM
#1610   I can see the benefits but it moves b4atf 04/26/13 11:35:25 AM
#1609   Range Resources Q&A on the Proposed Merger with b4atf 04/26/13 11:02:03 AM
#1608   I don't like it. I don't see shareholder b4atf 04/23/13 09:23:30 PM
#1607   Merger news garyhalvo 04/23/13 09:16:22 PM
#1606   Sheesh! Why did PL even announce news if b4atf 04/22/13 11:08:02 AM
#1605   Is that good? b4atf 04/17/13 12:08:17 PM
#1604   Right now they are suspended from quotation until garyhalvo 04/16/13 08:40:01 PM
#1603   It is good news but hardly seems worth b4atf 04/16/13 08:32:06 PM
#1602   Some more good news garyhalvo 04/16/13 08:11:18 PM
#1601   Looks like a merge with International Petroleum. garyhalvo 04/16/13 05:55:22 PM
#1600   Tonight is the night. Assuming Range releases the b4atf 04/16/13 03:22:02 PM
#1599   These always scare the hell out of me! b4atf 04/14/13 08:35:43 PM
#1598   http://www.asx.com.au/asxpdf/20130415/pdf/42f7wcw8gvgwz8.pdf garyhalvo 04/14/13 08:29:43 PM
#1597   Well Tony, I don't need any cardio workouts b4atf 03/22/13 02:36:18 PM
#1596   Hi B4 TONY THE TIGER UK 03/12/13 05:33:11 PM
#1595   HeeHee! come be a mod and earn your b4atf 03/11/13 09:57:10 PM
#1594   Very good content :] gemstone57 03/11/13 02:20:38 PM
#1593   Hi Tony, what are you guys thinking about b4atf 03/11/13 11:52:45 AM
#1592   That adds a lot of capital. I was b4atf 03/11/13 11:50:31 AM
#1591   Woo hoo Texas sale agreement garyhalvo 03/11/13 06:24:51 AM
#1590   News http://www.asx.com.au/asxpdf/20130308/pdf/42dk8cvq05d0f8.pdf garyhalvo 03/08/13 06:33:52 AM
#1589   New Ihub rules! One sticky per mod. This b4atf 03/01/13 10:04:35 PM
#1588   It does not explain much. Maybe PL will b4atf 02/26/13 02:22:58 PM
#1587   http://www.asx.com.au/asxpdf/20130226/pdf/42d8ltyyrqmm8r.pdf garyhalvo 02/26/13 09:41:28 AM
#1586   No news from Citation. Range up on ASX. b4atf 02/26/13 01:28:06 AM
#1585   Well, we should know in a day. I b4atf 02/24/13 08:03:44 PM
#1584   Other boards are saying that range might have garyhalvo 02/24/13 07:54:30 PM
#1583   I wonder what it means?! b4atf 02/24/13 06:25:17 PM
#1582   CTR NEWS, garyhalvo 02/24/13 06:18:16 PM
#1581   99 printed! Go Range Rocket. b4atf 02/21/13 10:39:35 AM
#1580   CITATION TRADING HALT... Could be interesting TONY THE TIGER UK 02/20/13 05:50:46 PM
#1579   GREAT UPDATE http://www.asx.com.au/asxpdf/20130220/pdf/42d4s7lpjwkzqw.pdf garyhalvo 02/20/13 06:20:34 AM
#1578   Step by step and soon those 16% will garyhalvo 02/19/13 10:13:13 PM
#1577   Thanks gary, I am watching too. Sad that b4atf 02/19/13 09:18:52 PM
#1576   Big hits on ASX. at .071 now garyhalvo 02/19/13 09:15:34 PM
#1575   GEORGIA JV RNS TONY THE TIGER UK 02/18/13 06:18:41 AM
#1574   Yes Gary, we are recovering all this oil b4atf 02/13/13 11:01:23 AM
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