Range Res. ist Produzent und keiner hats gemerkt

http://www.proactiveinvestors.com.au/companies/...-to-2175-12955.html  

http://www.investegate.co.uk/Article.aspx?id=20110114070000P5BE7  

http://www.boersennews.de/markt/aktien/...0/profile?source=g&rd=1  

VANCOUVER, BRITISH COLUMBIA, Jan 17, 2011 (Marketwire via COMTEX News Network) -- Africa Oil Corp. ("Africa Oil" or "the Company") (TSX VENTURE:AOI)(OMX:AOI) is pleased to announce that Africa Oil, together with Range Resource Ltd. and Lion Energy Corp., its joint venture partners, has entered into amending agreements with the Government of Puntland, represented by the Puntland Petroleum and Mineral Agency, in respect of the production sharing agreements ("PSAs") for the Dharoor Valley Exploration Area and the Nugaal Valley Exploration Area. Under the PSAs, as amended, the First Exploration Agreement has been extended for a further 12 months, from January 17, 2011 to January 17, 2012.  Under the amended PSAs Africa Oil is obligated to spud a minimum of one exploratory well in the Dharoor Valley Exploration Area by July 27, 2011. A second exploratory well is required to be spudded in the Nugaal Valley Exploration Area or, at the option of Africa Oil, in the Dharoor Valley Exploration Area, by September 27, 2011.  In addition, the proposed farmout to Red Emperor of a 20% interest in each of the PSAs, previously announced on June 15, 2010, has been approved by the Government. Under the Red Emperor farmout Red Emperor is committed to pay a disproportionate share of the costs related to Africa Oil's drilling commitments in the First Exploration Period.  Keith Hill, President and CEO of Africa Oil commented on these developments as follows: "We look forward to the upcoming wells in the rift basins of Puntland which we believe could hold similar potential to the geologically related basins in Yemen which contain more than 6 billion barrels of discovered reserves. We appreciate the cooperation and efforts from the government in granting this extension and are in advanced negotiations with a drilling contractor to meet these obligations. We also would like to welcome our new partner Red Emperor to the joint venture."  Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya, Ethiopia and Puntland (Somalia). Africa Oil's East African holdings are in what is considered a truly world-class exploration play fairway. The Company's total gross land package in this prolific region is approaching 350,000 square kilometers. The East African Rift Basin system is one of the last of the great rift basins to be explored. New discoveries have been announced on all sides of Africa Oil's virtually unexplored land position including the major Tullow Albert Graben oil discovery in neighbouring Uganda. Similar to the Albert Graben play model, Africa Oil's concessions have older wells, a legacy database, and host numerous oil seeps indicating a proven petroleum system. Good quality existing seismic show robust leads and prospects throughout Africa Oil's project areas. The Company is listed on the TSX Venture Exchange and on First North at NASDAQ OMX-Stockholm under the symbol "AOI".  ON BEHALF OF THE BOARD  Keith C. Hill, President and CEO  Africa Oil's Certified Advisor on First North is E. Ohman J:or Fondkommission AB.

 

 

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KeywordCompanyEPIC/TIDMSEDOL/ISINNews  PriceAnnouncementsFundamentalsNewsArticleRSSRange Resources LTD (RRL)Add to Alerts list  Print      Mail a friend  

Monday 17 January, 2011Range Resources LTD
Extension of Puntland PSA's

17 January 2011

The Manager

Company Announcements

Australian Securities Exchange Limited

Level 6, 20 Bridge Street

Sydney NSW 2000

By e-lodgement

AFRICA OIL PROVIDES UPDATE ON PUNTLAND (SOMALIA) PROJECT


Range Resources Limited ("Range" or "the Company") is pleased to announce that
together with its joint venture partners, Africa Oil Corp and Lion Energy Corp,
it has entered into amending agreements with the Government of Puntland, in
respect of the production sharing agreements ("PSAs") for the Dharoor Valley
Exploration Area and the Nugaal Valley Exploration Area.

As announced by the joint venture operator, Africa Oil Corp. ("Africa Oil"),
the key amendments were as follows:

 * Under the PSAs, as amended, the First Exploration Agreement has been
   extended for a further 12 months, from January 17, 2011 to January 17,
   2012.
 
 * Under the amended PSAs, a minimum of one exploratory well must be spudded
   in the Dharoor Valley Exploration Area by July 27, 2011.  A second
   exploratory well is required to be spudded in the Nugaal Valley Exploration
   Area or, at the option of Africa Oil (as operator), in the Dharoor Valley
   Exploration Area, by September 27, 2011.
 
 * In addition, the proposed farmout to Red Emperor of a 20% interest in each
   of the PSAs, previously announced on June 15, 2010, has been approved by
   the Government.  Under the Red Emperor farmout Red Emperor is committed to
   pay a disproportionate share of the costs related to the joint venture's
   drilling commitments in the First Exploration Period.
 
A full copy of Africa Oil's release will be available on their website.

Yours faithfully


Peter Landau
Executive Director  

Komme erst gerade nach Hause...
Die Frage ist, wie ernst nimmt AOI die Puntland Befristung und wie wichtig ist denen das Puntland Projekt. Die AOI-Aktionäre reagierten sehr schlaff auf diese News.
Naja, hätte das so nicht erwartet. AOI hat jetzt endlich die Pistole auf die Brust gesetzt bekommen. Die haben genug gezaudert und gezögert. Jetzt müssen sie die Hosen runter lassen.
Die Kassen sind bei denen jedenfalls voll.
Georgien und Puntland könnten tatsächlich eine Mcap von 1 Mrd. bringen.
Man darf ja mal träumen...
Die Oppies halte ich schön fest!!!
Ich bin immer noch nicht dahinter gekommen, wer jetzt dieser x2187x ist.
der hat auf jeden Fall eine gute Spürnase...
Schön ist, unsere ist besser ;-) :D  

Nachrichten zur RANGE RESOURCES Aktie auf Börsennews.de16:02
Somali region extends contract with Africa OilThe joint venture between Africa Oil, Range Resources Ltd. and Lion Energy Corp. requires the partners to drill one well by July 27 and another by next Jan. ...
15:32
Critical Stock Alerts: Insider Trade for QUALCOMM, Monsanto, Range Resources ...18, 2011 /PRNewswire-Asia/ -- Insiderslab.com today issued reports highlighted the respectable insiders transactions for QUALCOMM, Monsanto, Range Resources ...
Anzeigen  

ihr von Xcite Energy?  

höchst interessant

Ipedro,

Over the weekend I emailed Mr O'Connor,

The gentlemen that carried out the World Bank coordinated study in 1991 which was intended to encourage private investment in the petroleum potential of eight African nations where Somalia and the Sudan topped the list of potential commercial oil producers!

He was kind enough to take the time to reply so I thought id post his message:

Dear Mr O'Connor

Sorry to impose on you like this but I was just wondering if it was possible to ask you a few questions regarding oil in Somalia as I understand you worked with the world bank and International finance corporations ongoing petroleum projects back in 1991. . I'm a large shareholder in Range Resources Ltd whom have an interest in two blocks in Puntland, Somalia where we'll be targeting oil later this year.

http://www.africaoilcorp.com/s/Somalia.asp?ReportID=352284


I wanted to get an Industry professional's view on potential oil in place?
Do you believe that Somalia has similarities to yemen?
Could we expect any problems drilling?

If you have any other information it would be deeply appreciated.

Thank you for your time

Kind Regards

xxxx xxxx

--------------------------------------------------

Dear Mr. xxxxxxx:

It is a pleasure to hear from you and I am flattered that you have chosen to ask me these questions.

It is true that during the late 1980s and early 1990s I had quite a bit to do with the petroleum sector of Somalia at the time of the Said Barre regime collapse. I supervised a large, nation-wide geological assessment of the petroleum potential of Somalia, undertaken by a very well known and respected US consulting firm in Littleton, Colorado, with funding supplied by the World Bank. The report was completed, but since it was never paid for since no Government followed Barre, and undertook to recognize the previous regime's obligations, its results were never circulated nor directly made use of. Secondly, I conducted a highly regarded seven-nation study of the hydrocarbon potential of the Red Sea and Gulf of Aden, the results of which were issued as a series of scientific papers. This is the long way around of saying that the conclusions which have been shown on the hyperlinked brochure by Africa Oil of its prospects in Somalia are in agreement with current geological scientific thnking.

Through the Energy and Geoscience Institute of the University of Utah, I was asked by Jim Phillips, one of Africa Oil's Vice Presidents, to give a course on Geology for non-Geologists to the Puntland Head of State and most of his Cabinet. This took place in Addis Ababa the three days preceding Easter of this year. Its focus was very much on the type of geology that is to be found in East Africa in general, and Somalia in particular. It was concluded with a one hour presentation by Phillips of the petroleum geology surrounding the first prospect which should be just about started now.

My feeling on the subject of your question is that, yes, there is a functioning petroleum system within the area of both prospects and yes, the geology of Northern Somalia is similar in a great number of respects to that found in Yemen. Therefore the direction of exploration chosen by Africa Oil makes a great deal of sense. This leaves open the time of oil generation/migration with respect to time of trap formation and the effectiveness of the trap and seal. These can only be established through drilling.

It is very difficult to estimate the amount of reserves in place prior to any exploration drilling.

As regards potential drilling problems, yes, there are always problems of this kind and it is quite likely that they will be similar to those found in Yemen, since the geology is similar.
Assuming that the drilling contractor is competent and the drilling department of Africa Oil is well chosen, these types of risks can be offset through careful planning and logistics. Nothing in this business can be taken for granted, but my experience has been that good planning and competent management is in most cases highly successful in offsetting such risks. From what I have seen of Africa Oil's planning, management and logistics, I believe that they are competent.

The bigger problem is likely to lie in what to do if commercial amounts of petroleum are indeed found with these initial wells. It is a very unstable region and the current government of Puntland can be regarded from an investors perspective as speculative at best. That is to say, I view the political risks as being greater than the geological risks. But this goes beyond the question that you asked.

With best wishes for your future success in this venture,

sincerely yours,

Thomas E. O'Connor  

Copied from the Old Park Lane Report out today in UK!

RANGE RESOURCES LTD 9.27p
Puntland firmly on track 18 January 2011
Range and its joint venture partners in Puntland have entered into amending agreements with the Government of Puntland in respect of their two production sharing agreements (PSAs). Under new amendments, the first exploration well must be spudded by 27 July 2011 with a second scheduled to commence by 27 September 2011. This is very good news for Range as it implies that full mobilisation is likely in Q2, providing the company with exposure to multi-billion barrel upside potential.
Range, in tandem with its joint venture partners, Africa Oil (operator with 65%) and Lion Energy (15%), has amended its agreements with the Government of Puntland in respect of its PSAs for the Dharoor Valley Exploration Area and the Nugaal Valley Exploration Area.
Under the terms of the amended PSAs, the First Exploration Agreement has been extended for a further 12 months from 17 January 2011 to 17 January 2012.
Range and its partners must spud a minimum of one exploration well by 27 July 2011 in the Dharoor Valley. A second well is also required to be spudded in the Nugaal Valley before 27 September 2011, at the option of Africa Oil.
Range will have a contributing interest in an exploration well on Dharoor. However, we estimate that Africa Oil has only spent approximately $7.5m on Nugaal and consequently, Range will be carried on any further activity up to $22.5m. After which, Range will participate in its 20% working interest.
The proposed farm-out of a 20% interest in each PSA to Red Emperor, as announced on 15 June 2010, has also been approved by the Puntland Government. This is further good news for Range as Red Emperor will be required to pay a disproportionate share of the costs relating to the outlined drilling commitments.
In November 2010 we increased our risk parameters to reflect the longer lead times for mobilisation in Puntland. However, with the extension of the PSAs and renewed visibility on mobilisation ahead of a July spud, we are confident that success in Puntland will transform Range into a major player in the E&P sector.
Recommendation BUY
Sector: Oil & Gas
Exchange & Ticker: AIM All Share: RRL
ASX: RRS
Shares in issue: 1,230.6m
Fully diluted shares 1,609.5m
Market cap: 114.1m
Target price: 14.1p
ANALYST: Barney Gray
+44(0)20 7518 2607
bg@oldplc.com
CORPORATE BROKING: Forbes Cutler
+44(0)20 7518 2603
fc@oldplc.com  

http://www.asx.com.au/asxpdf/20110204/pdf/41wlwc4j6hkdwy.pdf

greetz,
lerocker  

GEORGIAN HELIUM SURVEY RESULTS

HIGHLIGHTS

* Helium Survey by Actual Geology indicates active oil & gas presence in the first 2 drill targets (as identified following the RPS Seismic Report) with the survey identifying priority zones which are most likely to contain
potentially productive systems

* The productive zones, which have been distinguished at the Mukhiani and Kursebi areas (see below), are suitable targets for exploration and, if
successful, development drilling.

* Range and its joint venture partners will move immediately to conclude the drilling contract and logistics (a rig is under option) with mobilisation
expected in March with the objective of spudding of the first well early
April

Range Resources Limited ("Range" or "the Company") (ASX: RRS / AIM: RRL) along with its Georgian Partners, Strait Oil & Gas Limited ("Strait") and Red Emperor Resources NL ("Red Emperor") (ASX: RMP) is pleased to announced that it has received the results from the Helium Survey across three prospects in Block VIa and Block VIb completed by Actual Geology International ("AGI").

Helium Survey

A surface helium survey was carried out at three areas (Mukhiani, Kursebi and Sachkhere - 10km2 for each survey) on prospecting blocks VIa and VIb using a 100*100 meter grid. It is important to realise that the 10km2 grid used only covered a portion of each of the main structures identified by the RPS Group - the 10km2 grid was used to evaluate proposed drill locations within these structures.

A detailed helium survey was then carried out at contrasted helium anomalies, which had been discovered, using a 25*25 meter grid. Maps were compiled zoning the area by levels of helium concentration in surface and sub-soil gas, by overall concentrations, by respective helium anomalies in surface and sub-soil gas, as well as maps of helium variations at measurement points and areal helium variations. Maps of prospective oil and gas presence were compiled, showing zones with high gas saturation and zones with enhanced fractured reservoirs, as well as prospective territories and priority locations for construction of prospecting wells.

AGI reported that the helium survey work at the Mukhiani, Kursebi and Sachkhere
has:

* established the presence of a stated helium flow in the earth's gas
exhalation, based on contrasting, compact and areal helium anomalies, i.e. active oil & gas presence has been discovered and confirmed at the Mukhiani and Kursebi

Zones at the Mukhiani and Kursebi areas, which are recommended for exploration and potentially development drilling for oil, can be qualified as being likely to be oil & gas bearing by four principal criteria:

1. heightened levels of helium content, intensive helium flow;

2. significant positive helium anomalies;

3. contrasting helium variations;

4. high anomaly levels are simultaneously associated with various geological elements.

* established the environment of hydrocarbons at the area and localized the most mobile reserves;

* identified distribution structure of reservoirs with enhanced vertical
permeability and high gas factor;

* defined and localized zones of tension and compression, and drainage
systems, discovered zones with reservoirs characterized by enhanced
permeability, hydrodynamic connectivity, efficient drainage (zones that
should be the basis for future development work);

* identified non-prospective and high-risk territories; and

* enabled construction of maps of oil & gas prospects at the Mukhiani,
Kursebi and Sachkhere areas with 1:10,000 scale, which geometrize the
contours of compact and prospective pools for future development, and
recommended coordinate points for priority construction of search and
development wells. Maps of zones where detailing work was carried out (1:5,000) define and localize priority point

http://www.shareprice.co.uk/RRL/RANGE-RESOURCES-LD  

na wenn das mal keine guten nachrichten sind....  

...ist doch geil, wenn man im Urlaub mal auf den Kurs schaut und dieser sich so prächtig entwickelt hat...;-)
Das ist erst der Anfang...wie bereits schon gefühlte 100 mal geschrieben:
GEORGIEN ist der Company-Maker!
Und es ist noch genug anderer Zündstoff vorhanden!


Gruß aus Brasil... Mikro  

nach drei Tagen mit mehr als 10% Steigerung ist es langsam klar, bin hier zum Glück schon seit 7EuroCent dabei und genieße diese Woche einfach nur.

Was nervt ist diese Verbissenheit in anderen Foren mit Puntland, da sehe ich aus heutiger Sicht noch überhaupt keinen Einfluss auf den pps, hier ist eigentlich (IMO) nur Georgien wichtig!

Die Krisenregion Somilia sollte man meiden und alles verkaufen!

Gruß
Markus

PS: Mikrokosmos, danke für die früheren Info´s zu dieser Aktie  

Alerts have been set for an expected RNS.

Could be that news on “COMMENCEMENT OF FRACTURE STIMULATION OPERATIONS ON RUSSELL BEVLY WELL AND
SPUDDING OF ROSS 3H WELL IN TEXAS IMMINENT“

There’s a big push rumoured here.The Market chins are trying to dampen it down by pushing through delayed trades known as OK Bombs. This stock is very strong. Stake building taking place. Eyes on please. Will definitely hit 25p in my opinion based on how the market are trying to manipulate the sp.

http://www.shareprice.co.uk/RRL/RANGE-RESOURCES-LD  

heute schon über 60Mio Stück und kein Ende in Sicht! Jetzt haben wir grad mal den Marktwert, die Phantasie kommt erst noch.  

http://brokermandaniel.com/2011/02/10/...ces-alerts-on-imminent-news/  

RANGE RESOURCES LDRRL

16.05753.06(23.52%)

Bid / Ask 16 - 16.25

Open 12.26 Prev close 13

Volume 73,896,168

Day range 11.753 - 16.25 52

w range 2.76 - 14.24

und die Ami´s wachen auch gleich noch auf!!!

 

RANGE RESOURCES LDRRL
16.933.93(30.23%)
Bid / Ask 16.5 - 17
Open 12.26
Prev close 13
Volume 80,570,721
Day range 11.753 - 17.25
52w range 2.76 - 14.24  

könnte meinetwegen wochenlangso weiter steigen .-)

greetz und weiterhin viel Erfolg allen investierten!

lerocker  

Code Last       % Chg Bid     Offer
RRS   0.190 0%   0.350 0.200


nice.nice

gute fahrt hier .-)

greetz,
lerocker  

ASX läuft gut mit und meine RRSO holen endlich auf, werden jedoch immer noch mit 20% Discount gehandelt.

In D pennt man sich bzgl. RRS seit Ewigkeiten einen zurecht, siehe Threadüberschrift...
Erst recht wird hier auf Ariva gepennt.
Naja, wenn halt nur 5 Leute Geld verdienen wollen...;-)  

es sind 6 Leute :-)