Additional Information
Market: AIM / ASX
Sector: Energy
EPIC: RRL
Latest Price: 10.75p  (2.38% Ascending)
52-week High: 24.50p
52-week Low: 6.61p
Market Cap: 220.72M
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Range Resources
www.rangeresources.com.au

Range Resources Limited (“Range” or “the Company”) is both an ASX-listed (ASX: RRS) and AIM-listed (AIM: RRL) exploration and production Company, with its principal activities directed towards finding and delineating hydrocarbons in Puntland, Somalia; the Republic of Georgia, onshore Texas, USA and Trinidad.

 

With the planned onshore exploration drilling program in Puntland and Georgia coupled with the exploration and development programs in Texas and Trinidad, Range is well on its way to establish itself as a diversified international oil and gas exploration, development and production company with significant upside potential.

Pdf

Range Resources releases Puntland policy update

3rd Feb 2009, 7:51 am

Australian oil and gas company Range Resources (ASX:RRS;AIM:RRL) has announced a Presidential policy update of the new Puntland Government was presented to the Puntland Parliament over the weekend (31 January, 1 February 2009).

This policy update covered many areas of interest to the Puntland region, but of particular interest to Range was the following statement:

“As you all know there are agreements signed by the former government that raised complaints from various groups. These contracts were between the government, foreign and local companies. In principle, I recognise and accept these agreements, but we have to update ourselves and make sure that they are benefiting the people and are within the laws of Puntland.”

As mentioned in previous announcements, Range looks forward to establishing a constructive and mutually beneficial relationship with the new Puntland Government and its President, His Excellency, Dr. Abdirahman Mohamed Farole.

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