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Epic & Msn data
Epic RRL
Time: 16:30:19
Mid Price: 3.50
Change Today: 0.00
Change % Today: 0.00
Fifty Two Week High: 5.36
Fifty Two Week Low: 1.25
Market Capital: 27.57
Period & price data
Period Price
Now: 3.50
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: AIM / ASX
Sector: Energy
Epic: RRL
News: Latest news
Web Site: Range Resources
Other Articles: 25-02-201019-02-201017-02-2010

Crude Oil

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.

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Tuesday, February 03, 2009

Range Resources releases Puntland policy update

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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The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

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