Range Resources may transform into a major player - Old Par

[whitehartlane]

Tuesday, January 18, 2011 by Jamie Ashcroft

Range Resources (ASX:RRS, LON:RRL) will transform into a major player if its Puntland exploration projects prove successful, according to research by specialist City broker Old Park Lane Capital.
This afternoon Barney Gray, analyst at Old Park Lane, published research on Range Resources and its joint venture in the autonomous Puntland region of Somalia.
Yesterday Range, together with its partners Africa Oil (TSX-V:AOI) and Lion Energy (TSX-V:LEO), announced that it has amended the production sharing agreements (PSAs) for the Dharoor Valley and the Nugaal Valley exploration areas.
The amendments will allow Range to spud its first exploration well before 27 July 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,” Gray said in a note to clients.
He adds: “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.”

..................................................................................................................

people i would advise you all to buy shares from this company, because once in july she drills a well, which will spud according to various international oil experts, the share price will skyrocket, you can buy it now roughly for around 8 australian dollars per share thats around 5 pound per share, if it jumps it can jump up 3000 to %5000 in her first 3 months from 1 single well that shows commercial potential ....... if they become succesfull in july 2 things that can happen 1: they will cash in and sell there assets to a bigger {risk taking} company such as chinas state oil company....or they go for the drill and invest in the entire region of puntland which they already have the license for...ladies and gentleman thats 240.000 square kilometers...thats a lot of land with major potential to equal middle eastern small kingdoms.........allahu akbar

[whitehartlane]

imaging you invest £2000 thats 3191 australian dollars...how many shares can 3191 buy you???? you have to know what value your dollars have
so 8 aud devide by 3191aud equals a whooping 399 shares.......

okay now lets assume in july they drill and its spuds,
you and i know that there is oil, they know santa knows and every one ells knows
so once it reaches commercial interest the value of the company is going to fly
which in return will reflect on the companies shareholders, {which you are member of with your 399 shares}
now assuming instead of todays 8aud it climbs to a reasonable 100 per share..and i am being very reasonable.....if you wanna know hwo reasonable
google the price per share of dragon oil or tullow oil...which are oil companies that explored uganda and kazachstan respectfully with minor succes in comparison with the lucrative potential of puntlands future.......now 100 aud { future price per share} times 399 {you shares} = 39.900 aud ....thats simply your 2000 by july with a very very low price per share.....instead of 100 it can easily be 500 - 1000 as in the case of tullow and dragon oil who each discovered a mere 2 billion barrels...puntland is estimated to hol no less than 10 -20 billion barrels of oil..and thats is estimation and can easily surpass that number

do your homework people...every one who reads this post can be financially way better off then or she is today, if range do there job in july and you guys invest some 1000 -2000 which is a mere pocket money interms of your share of the dividing s.........................