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| Date/Time | Headline | Source |
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| 1 | ||
| Thu 07:02 | PRN |
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ASX Announcement 19 November 2009
Update by Australian based oil and gas explorer Range Resources Limited (ASX: RRS; AIM: RRL) ("Range" or "the Company") on its exploration drilling program in the North Chapman Ranch area, Texas. Smith #1 well, North Chapman Ranch The Smith # 1 exploration well spudded on 4 September 2009. Surface casing was set and cemented at 1,528 ft (465m) and the well was subsequently drilled to the intermediate casing depth of 11,352 ft (3,455m). Open hole logs were acquired on October 9, 2009, and 9 5/8" casing set and cemented shortly thereafter. Drilling recommenced as per the announcement 30 October 2009, and additional open-hole evaluation was undertaken as the well approached target depth. As previously announced, the Smith #1 exploration well has reached its revised total depth of 13,975 ft. (4,260m) with additional electric logs having been run. A production liner has been run to bottom and the liner has been successfully tied back to the surface. Preparation is underway to move a completion rig in whereby testing of the well can commence. Well Details
Figure 1: Unit Texas Rig #35 on Smith #1 well - please see website. Background on North Chapman Ranch Range holds a 25% working interest in the drilling of the Smith #1 well. If successful, the Smith #1 well could trigger significant oil and gas production and development drilling with very attractive economics, at a time when exploration and development costs in the US have dropped dramatically. Range will continue to update the market on a weekly basis during its exploration drilling program. End For further information please contact: Range Resources Peter Landau Tel : +61 (8) 8 9488 5220 Em: plandau@rangeresources.com.au
RFC Corporate Finance (Nominated Advisor) Fox-Davies Capital (Broker)
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| 12-11-09 | PRN |
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ASX Announcement 12 November 2009
Update by Australian based oil and gas explorer Range Resources Limited (ASX: RRS; AIM: RRL) ("Range" or "the Company") on its exploration drilling program in the North Chapman Ranch area, Texas. Smith #1 well, North Chapman Ranch The Smith #1 exploration well spudded on 4 September 2009. Surface casing was set and cemented at 1,528 ft (465m) and the well was subsequently drilled to the intermediate casing depth of 11,352 ft (3,455m). Open hole logs were acquired on October 9, 2009, and 9 5/8" casing set and cemented shortly thereafter. Drilling recommenced as per the announcement 30 October 2009, and additional open-hole evaluation was undertaken as the well approached target depth. The Company is pleased to report that the Smith #1 has now reached its revised total depth of 13,975 ft. (4,260m) and additional electric logs have been run. A production liner has been run to bottom and the well currently awaits testing. Well Details
Figure 1: Unit Texas Rig #35 on Smith #1 well - please see website. Background on North Chapman Ranch Range holds a 25% working interest in the drilling of the Smith #1 well. If successful, the Smith #1 well could trigger significant oil and gas production and development drilling with very attractive economics, at a time when exploration and development costs in the US have dropped dramatically. Range will continue to update the market on a weekly basis during its exploration drilling program. End For further information please contact: Range Resources Peter Landau Tel : +61 (8) 9488 5220 Em: plandau@rangeresources.com.au
RFC Corporate Finance (Nominated Advisor) Fox-Davies Capital (Broker)
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| 05-11-09 | PRN |
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ASX Announcement 5 November 2009
Update by Australian based oil and gas explorer Range Resources Limited (ASX: RRS; AIM: RRL) ("Range" or "the Company") on its exploration drilling program in the North Chapman Ranch area, Texas. Smith #1 well, North Chapman Ranch The Smith # 1 exploration well spudded on 4 September 2009. Surface casing was set and cemented at 1,528 ft (465m) and the well was subsequently drilled to the intermediate casing depth of 11,352 ft (3,455m). Open hole logs were acquired on October 9, 2009, and 9 5/8" casing set and cemented shortly thereafter. Drilling recommenced as per the announcement 30 October 2009. Open-hole evaluation is currently being undertaken as the well approaches target depth in line with prudent industry practice. Well Details
Figure 1: Unit Texas Rig #35 on Smith #1 well - please refer to website. Background on North Chapman Ranch Range holds a 25% working interest in the drilling of the Smith #1 well. The well is programmed to an approximate depth of 14,200 ft (4,329m). If successful, the Smith #1 well could trigger significant oil and gas production and development drilling with very attractive economics, at a time when exploration and development costs in the US have dropped dramatically. Range will continue to update the market on a weekly basis during its exploration drilling program. End For further information please contact: Range Resources Peter Landau Tel : +61 (8) 8 9488 5220 Em: plandau@rangeresources.com.au
RFC Corporate Finance (Nominated Advisor) Fox-Davies Capital (Broker)
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| 30-10-09 | PRN |
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30 October 2009
QUARTERLY REPORT FOR PERIOD ENDING 30 SEPTEMBER 2009 The Board is pleased to provide the following commentary to be read in conjunction with the Appendix 5B which is attached. Puntland Africa Oil (80% interest, 15% subject to farm-out by Africa Oil to Raytec), Range's Joint Venture partner on the two on-shore Puntland concessions and the Puntland Government continued negotiations to formalise the commencement of the proposed drilling program for Q1 2010. Finalisation is scheduled for the current quarter (Q4 2009). Following technical presentations to the Government on the proposed offshore areas of interest, Range continues negotiations regarding the formalisation of a new PSA with respect to the exploration and development of off shore Puntland. Georgia In July 2009 the Company entered into a Heads of Agreement with unlisted UK Company, Strait Oil & Gas (UK) Limited to acquire a 50% farm-in interest in two Oil & Gas blocks in 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. Led by Range's seasoned international energy executives, the Company is well placed (in conjunction with Strait's established team) to find and produce commercial volumes of oil and natural gas on the Georgian Blocks. On 4 September 2009 at the Company's General Meeting, shareholders approved the acquisition subject to completion of due diligence and all necessary regulatory approvals. The process should be finalised in November 2009. During the quarter, key activities undertaken by Strait included: a. commencement of study into the viability of previously drilled wells to assess potential for Gas production; b. Seismic contractor selected to complete proposed 350 km 2D seismic programme. Contractor available immediately upon Strait/Range confirmation; and c. All necessary environmental impact studies completed for seismic programme. Figure 1. Previous evidence of Oil and Gas - please see website. Direct indications of oil have been documented from wells drilled within, and contiguous to Blocks VIA & VIB Texas During the quarter, Range acquired a 25% working interest in the North Chapman Ranch project located in Nueces County, Texas. The project area encompasses approximately 1,280 acres in one of the most prolific oil and gas producing trends in the state of Texas. Smith #1 Well - North Chapman Branch The exploration well Smith #1 spudded on 4 September 2009. Surface casing was set and cemented at 1,528 ft (465m) and the well was subsequently drilled to the intermediate casing depth of 11,352 ft (3,455m). Open hole logs were acquired on October 9, 2009, and 9 5/8" casing set and cemented shortly thereafter. Well Details
Current depth (30 10 09) ~13,350 ft (4,069m)
Figure 1: Unit Texas Rig #35 drilling ahead on Smith #1 well - please see website. North Chapman Ranch Background North Chapman Ranch is situated within the prolific Frio producing trend just north of the Chapman Ranch in the Mobil David and Doughty Fields. The Mobil David field was discovered in 1965 when Mobil drilling the Chapman #1B well and completed the well in the Laureles Sand (now the Howell Hight). Since then, an estimated 250 billion cubic feet of natural gas and more than 10 million barrels of oil have been produced from this field, primarily from the Anderson sandstone. Recently, several operators in the area have been successfully developing the deeper Howell Hight formation, with some wells exhibiting flow rates in the 6-9 million cubic feet per day range. The currently drilling Smith #1 well is programmed to test the Howell Hight formation in a location near that of the recently drilled Zdansky #1 well. The operator was unable to complete the Zdansky well due to hole problems. If successful, the Smith #1 well could trigger significant oil and gas production and development drilling with very attractive economics, at a time when exploration and development costs in the US have dropped dramatically. In addition, the favourable operating and regulatory environment in Texas serves to mitigate perceived political risk associated with Range's other international exploration projects. Capital Raising The Company successfully completed a Placement of 100 m ordinary fully paid shares at an issue price of 3.5 cents with a free attaching listed option (5 cents , 31 December 2011 ) to sophisticated and institutional investors raising $3.5 m to assist in meeting the initial requirements of the Georgian acquisition, Puntland operations and working capital. The Placement was completed in two tranches (20 m shares up front to raise $700,000 ) with the balance (80 m shares and 10 0m options) approved by shareholders at the Company's General Meeting on 4 September 2009. Corporate The Company's Annual Report and Notice of Annual General Meeting has been despatched to shareholders and can be viewed on the Company's website www.rangeresources.com.au By order of the Board Peter Landau Executive Director Contacts Range Resources Peter Landau Tel: +61 8 9488 5220 Em: plandau@rangeresources.com.au
RFC Corporate Finance (Nominated Advisor) Fox-Davies Capital (Broker)
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.
Consolidated statement of cash flows
activities
Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities
Non-cash financing and investing activities
2.1 Details of financing and investing transactions which have had a material
N/A
N/A Financing facilities available Add notes as necessary for an understanding of the position.
Estimated cash outflows for next quarter
Reconciliation of cash
quarter (as shown in the consolidated
items in the accounts is as follows.
1.22) Changes in interests in mining tenements
6.2 Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rights together with prices and dates.
Compliance statement 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4). 2 This statement does give a true and fair view of the matters disclosed. ____________________ Peter Landau Executive Director 30 October 2009 Notes 1 The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report. 2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2. 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities. 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report. 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with. END More |
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| 26-10-09 | PRN |
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ASX Announcement 23 October 2009
Update by Australian based oil and gas explorer Range Resources Limited (ASX: RRS; AIM: RRL) ("Range" or "the Company") on its exploration drilling program in the North Chapman Ranch area, Texas. Smith #1 well, North Chapman Ranch The exploration well Smith #1 spudded on 4 September 2009. Surface casing was set and cemented at 1,528 ft (465m) and the well was subsequently drilled to the intermediate casing depth of 11,352 ft (3,455m). Open hole logs were acquired on October 9, 2009, and 9 5/8" casing set and cemented shortly thereafter.
Figure 1: Unit Texas Rig #35 drilling ahead on Smith #1 well - please see website. Background on North Chapman Ranch Range holds a 25% working interest in the drilling of Smith #1 well. The well shall be drilled to an approximate depth of 14,200 ft (4,329m) or to a depth sufficient to test the Howell Hight formation. If successful, the Smith #1 well could trigger significant oil and gas production and development drilling with very attractive economics, at a time when exploration and development costs in the US have dropped dramatically. Range will continue to update the market on a weekly basis during its exploration drilling program. End For further information please contact: Range Resources Peter Landau Tel : +61 (8) 8 9488 5220 Em: plandau@rangeresources.com.au
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| 21-10-09 | PRN |
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21 October 2009 Australian Securities Exchange Level 4, 20 Bridge Street SYDNEY NSW 2000 Via e-lodgement
ANNUAL REPORT AND NOTICE OF MEETING Please find attached the Company's Notice of Annual General Meeting that has been despatched to shareholders. A copy of the full explanatory statement is available on the company's website along with the Company's Annual Report www.rangeresources.com.au For and on behalf of the Board Yours faithfully Peter Landau Executive Director Range Resources Limited
NOTICE OF ANNUAL GENERAL MEETING
This Notice of Meeting should be read in its entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their professional advisers prior to voting. Should you wish to discuss the matters in this Notice of Meeting please do not hesitate to contact the Company Secretary on (+61 8) 9488 5220.
CONTENTS PAGE Notice of Annual General Meeting (setting out the proposed resolutions) 3
TIME AND PLACE OF MEETING AND HOW TO VOTE
VENUE The Annual General Meeting of the Shareholders to which this Notice of Meeting relates will be held at 12:30 pm (WST) on Friday, 20 November 2009 at: The University Club of WA Seminar Room 1 Hackett Drive (Entrance Carpark 3) Crawley, WA 6009
YOUR VOTE IS IMPORTANT The business of the Annual General Meeting affects your shareholding and your vote is important.
VOTING IN PERSON To vote in person, attend the Annual General Meeting on the date and at the place set out above.
VOTING BY PROXY To vote by proxy, please complete and sign the enclosed Proxy Form and return by: (a) post to Range Resources Limited, Level 3, 1 Havelock Street, West Perth WA 6005; or (b) facsimile to the Company on facsimile number (+61 8) 9324 2400, so that it is received not later than 12:30 pm (WST) on 18 November 2009. Proxy Forms received later than this time will be invalid. NOTICE OF Annual GENERAL MEETING Notice is given that the Annual General Meeting of Shareholders will be held at 12:30 pm (WST) on Friday, 20 November 2009 at The University Club of WA, Seminar Room 1, Hackett Drive (Entrance Carpark 3), Crawley, WA 6009. The Explanatory Statement to this Notice of Meeting provides additional information on matters to be considered at the Annual General Meeting. The Explanatory Statement and the Proxy Form are part of this Notice of Meeting. The Directors have determined pursuant to Regulation 7.11.37 of the Corporations Regulations 2001 (Cth) that the persons eligible to vote at the Annual General Meeting are those who are registered Shareholders of the Company no later than the close of business on 18 November 2009. Terms and abbreviations used in this Notice of Meeting and Explanatory Statement are defined in the Glossary.
AGENDA Ordinary business Financial Statements and Reports To receive and consider the annual financial report of the Company for the financial year ended 30 June 2009 together with the declaration of the Directors, the Directors' report, the remuneration report and the auditor's report. The reports referred to above are included in the Annual Report sent to those shareholders who elected to receive a hard copy. A copy of the report is also available on our website www.rangeresources.com.au. 1. Resolution 1 - Adoption of remuneration report To consider and, if thought fit, to pass, with or without amendment, the following resolution as a non-binding resolution: "That, for the purpose of Section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the remuneration report as contained in the Company's annual financial report for the financial year ended 30 June 2009." 2. Resolution 2 - Re-election of director - mr peter landau To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: "That Mr Peter Landau, a Director who retires by rotation in accordance with clause 53.1 of the Constitution and being eligible, is hereby re-elected as a Director." 3. Resolution 3 - Re-election of director - mr marcus edwards-jones To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: "That Mr Marcus Edwards-Jones, a Director who retires by rotation in accordance with clause 53.1 of the Constitution and being eligible, is hereby re-elected as a Director." 4. Resolution 4 - ratification of prior issue of shares To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: "That, for the purpose of ASX Listing Rule 7.4 and for all other purposes, Shareholders ratify the allotment and issue of 68,947,994 Shares on the terms and conditions set out in the Explanatory Statement." Voting Exclusion: The Company will disregard any votes cast on this Resolution by a person who participated in the issue and any of their associates. However, the Company need not disregard a vote if it is cast by a person as a proxy for a person who is entitled to vote in accordance with the directions on the Proxy Form or it is cast by the person chairing the meeting as proxy for a person who is entitled to vote, in accordance with a direction on the Proxy Form to vote as the proxy decides. 5. resolution 5 - approval to issue listed options To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: "That, for the purpose of ASX Listing Rule 7.1 and for all other purposes, approval is given for the Company to allot and issue 68,947,994 Listed Options on the terms and conditions set out in the Explanatory Statement." Voting Exclusion: The Company will disregard any votes cast on this Resolution by a person who may participate in the issue and any of their associates. However, the Company need not disregard a vote if it is cast by a person as a proxy for a person who is entitled to vote in accordance with the directions on the Proxy Form or it is cast by the person chairing the meeting as proxy for a person who is entitled to vote, in accordance with a direction on the Proxy Form to vote as the proxy decides. DATED: 19 October 2009
BY ORDER OF THE BOARD Anthony Eastman COMPANY SECRETARY
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| 13-10-09 | PRN |
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ASX Announcement 13 October 2009
Update by Australian based oil and gas explorer Range Resources Limited (ASX: RRS; AIM: RRL) ("Range" or "the Company") on its exploration drilling program in the North Chapman Ranch area, Texas. Smith #1 well, North Chapman Ranch The exploration well Smith #1 spudded on 4 September 2009. Surface casing was set and cemented at 1,528 ft (465m) and the well was subsequently drilled to the intermediate casing depth of 11,352 ft (3,455m). Open hole logs were acquired on October 9, 2009, and 9 5/8" casing set and cemented shortly thereafter. The well is currently being prepared for drilling to the proposed total depth of ~14,200' (4,329m).
interest Figure 1: Unit Texas Rig #35 drilling ahead on Smith #1 well - please see website. Background on North Chapman Ranch Range holds a 25% working interest in the drilling of Smith #1 well. The well shall be drilled to an approximate depth of 14,200 ft (4,329m) or to a depth sufficient to test the Howell Hight formation. If successful, the Smith #1 well could trigger significant oil and gas production and development drilling with very attractive economics, at a time when exploration and development costs in the US have dropped dramatically. Range will continue to update the market on a weekly basis during its exploration drilling program. For further information please contact : Range Resources Limited Peter Landau Tel : +61 (8) 8 9488 5220 Em: plandau@rangeresources.com.au
RFC Corporate Finance (Nominated Advisor) Fox-Davies Capital (Broker)
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| 07-10-09 | PRN |
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ASX Announcement 7 October 2009
Update by Australian based oil and gas explorer Range Resources Limited (ASX: RRS; AIM: RRL) ("Range" or "the Company") on its exploration drilling program in North Chapman Ranch, Texas. Smith #1 well, North Chapman Ranch The exploration well Smith #1 spudded on 4 September 2009. Surface casing has been set and cemented at 1,528 ft (465m).
interest During the week, there were some delays in drilling due to problems associated with the casing. The operator has now resolved these issues and drilling has re-commenced. Figure 1: Unit Texas Rig #35 drilling ahead on Smith #1 well - please refer to the website. Background on North Chapman Ranch Range holds a 25% working interest in the drilling of Smith #1 well. The well shall be drilled to an approximate depth of 14,200 ft (4,329m) or to a depth sufficient to test the Howell Hight formation. If successful, the Smith #1 well could trigger significant oil and gas production and development drilling with very attractive economics, at a time when exploration and development costs in the US have dropped dramatically. Range will continue to update the market on a weekly basis during its exploration drilling program. End For further information please contact : Range Resources Peter Landau Tel : +61 (8) 8 9488 5220 Em: plandau@rangeresources.com.au
RFC Corporate Finance ((Nominated Advisor) Fox-Davies Capital (Broker)
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/ 2001, 11/3/2002, 1/1/2003. Name of entity RANGE RESOURCES LIMITED
ABN 88 002 522 009 We (the entity) give ASX the following information. Part 1 - All issues You must complete the relevant sections (attach sheets if there is not enough space).
to be issued
2011)
maximum number which may be
exercise price and expiry date; if partly paid +securities, the 26,682,417 Listed Options ($0.05 cents, amount outstanding and due dates 31 December 2011) for payment; if +convertible securities, the conversion price
and dates for conversion)
in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do
not rank equally, please state:
(If issued as consideration for Sophisticated and Institutional
clearly identify those assets) free attaching Listed Option (5 cents,
+securities into uncertificated holdings or despatch of certificates
Part 2 - Bonus issue or pro rata issue
required?
non-renounceable?
be offered
offer relates
entitlements
(or subregisters) be aggregated for
calculating entitlements?
relation to fractions
entity has +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with.
Cross reference: rule 7.7.
acceptances or renunciations
commission
broker to the issue
to brokers who lodge acceptances or renunciations on behalf of +security
holders
+security holders' approval, the
date of the meeting
and prospectus or Product Disclosure Statement will be sent to persons entitled
and the terms entitle option holders to participate on exercise, the date on which notices will be sent to
option holders
applicable)
applicable)
entitlements in full through a
broker?
of their entitlements through a
broker and accept for the balance?
their entitlements (except by sale
through a broker)?
Part 3 - Quotation of securities You need only complete this section if you are applying for quotation of securities
Entities that have ticked box 34(a) Additional securities forming a new class of securities
Tick to indicate you are providing the
information or documents
Entities that have ticked box 34(b)
+quotation is sought
quotation is sought
all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not
rank equally, please state:
Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify
that other security)
quoted on ASX (including the securities in clause 38) Quotation agreement 1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides. 2 We warrant the following to ASX.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement. 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete. Sign here: Date: 7 October 2009 Print name: Jane Flegg - Company Secretary + See chapter 19 for defined terms. Appendix 3B Page 9
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| 30-09-09 | PRN |
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ASX Announcement 30 September 2009
Update by Australian based oil and gas explorer Range Resources Limited (ASX: RRS; AIM: RRL) ("Range" or "the Company") on its exploration drilling program in North Chapman Ranch, Texas. Smith #1 well, North Chapman Ranch The exploration well Smith #1 spudded on 4 September 2009. Surface casing has been set and cemented at 1,528 ft (465m).
Figure 1: Unit Texas Rig #35 drilling ahead on Smith #1 well - please see website. Background on North Chapman Ranch Range holds a 25% working interest in the drilling of Smith #1 well. The well shall be drilled to an approximate depth of 14,200 ft (4,329m) or to a depth sufficient to test the Howell Hight formation. If successful, the Smith #1 well could trigger significant oil and gas production and development drilling with very attractive economics, at a time when exploration and development costs in the US have dropped dramatically. Range will continue to update the market on a weekly basis during its exploration drilling program. End For further information please contact: Range Resources Peter Landau Tel : +61 (8) 8 9488 5220 Em: plandau@rangeresources.com.au
RFC Corporate Finance (Nominated Advisor) Fox-Davies Capital (Broker)
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| 25-09-09 | PRN |
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RANGE RESOURCES LIMITED
AND CONTROLLED ENTITIES
ABN 88 002 522 009
FINANCIAL REPORT
FOR THE YEAR ENDED
30 JUNE 2009
CORPORATE DIRECTORY
SUBIACO WA 6008
Jane FLEGG
Principal Place of Business
Country of Incorporation
LONDON UK
On behalf of the Board of Range Resources Limited ("Range"), I am reporting to you on the events of the Company during the 2008/2009 financial year. For those shareholders who actively follow the fortunes of Range, it will come as no surprise when I say that the 12 month period was an eventful one, which delivered both solid foundations for significant future growth and, frustration, with the drilling of the first well in Puntland, Somalia still yet to occur. Puntland Operating in Puntland has had, and will continue to have, its difficulties. Range is committed to its involvement in Puntland and is of the firm belief that when a project of significant substance has the capacity to benefit all involved, be it the Puntland Government, the Puntland people, our joint venture partner Africa Oil, Range and our shareholders; patience and determination will ultimately deliver success. During the year Puntland had a change in Government through peaceful democratic elections and Range has established a good working relationship the Government of His Excellency Dr Abdirahman Mohamed Mohamud. His Excellency's commitment to enhanced security, infrastructure and economic development in Puntland will assist all companies in operating in the region and make Puntland a more attractive investment destination. As at the date of this letter, the Government and Africa Oil are in negotiations regarding the commencement of Africa Oil's planned 4 well drilling programme, following Africa Oil's delineation of targets in both the Nogal and Dharoor valleys. Range is confident that a successful outcome will be reached and that at least 2 wells will be drilled during the 2009/2010 financial year. In addition to the onshore activity of our joint venture partner, Range has progressed significantly in creating the first comprehensive oil and gas exploration database on all of offshore Puntland, collating, reviewing and interpreting over 40 years worth of material including historical well reports and seismic lines. The database was presented to the new government and negotiations are continuing with regards to formalising production sharing agreements to enable the Puntland Government, Range and potential joint venture partners to commence an offshore seismic programme. Georgia and Texas The Board is pleased to report that in addition to the Puntland projects, the Company has also obtained working interests in the Republic of Georgia (50% farm-in into 2 strategic blocks - 7,000km2 area) and Texas, USA (25% interest - 1,280 acres in a prolific oil and gas producing trend - currently drilling with target depth expected first week of October 2009 after release of this letter). Both opportunities were undertaken to strengthen Range's oil and gas portfolio and provide the foundations for significant growth over the coming years. A review of these projects is provided in the Director's Report of this document. Moving Forward Range management was strengthened significantly during the year with the addition of Mark Patterson and Greg Smith. Together with the existing Board (who I thank for all their efforts), Range is still on the cusp of achieving something unique but is under no illusions of the continued difficulties that need to be overcome in order to succeed. The number one priority of the Company is to ensure and assist (in any way it can) with the drilling of the first on shore well in Puntland in over 17 years. Most important of all, I would like to thank all shareholders for their continued support and patience in what I, and the rest of the Board acknowledge, as being an incredibly frustrating journey but one which still offers significant investment upside during the year ahead. Peter Landau Executive Director
INCOME STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2009
2009 2008 2009 2008
operations
payment
services
relations
AIM listing
for sale assets
operations
operations
members of the parent
entity
Overall operations
EPS from continuing operations:
(cents per share)
(cents per share)
EPS from discontinued operations:
(cents per share)
(cents per share) The Company's potential ordinary shares were not considered dilutive (refer Note 9). Please refer to ASX website (www.asx.com.au - Range ASX code RRS) for full Annual Report including Directors Report and Notes to the Financial Statements.
BALANCE SHEETS
AS AT
30 JUNE 2009
2009 2008 2009 2008
ASSETS
CURRENT ASSETS
equivalents
receivables
NON-CURRENT ASSETS
receivables
available for sale
equipment
Evaluation
Expenditure
ASSETS
CURRENT LIABILITIES
payables
EQUITY
Please refer to ASX website (www.asx.com.au - Range ASX code RRS) for full Annual Report including Directors Report and Notes to the Financial Statements.
STATEMENTS OF CHANGES IN EQUITY
FOR THE YEAR ENDED
30 JUNE 2009
2007
investments
accumulated losses
expense recognised
directly in equity
to members of the
company
income and expense
for the year
capital
paid shares
payment
2008
investments
accumulated losses
expense recognised
directly in equity
to members of the
company
income and expense
for the year
capital
payment
2009 Please refer to ASX website (www.asx.com.au - Range ASX code RRS) for full Annual Report including Directors Report and Notes to the Financial Statements.
STATEMENTS OF CHANGES IN EQUITY
FOR THE YEAR ENDED
30 JUNE 2009
2007
investments
accumulated losses
expense recognised
directly in equity
to members of the
company
income and expense
for the year
capital
options
partly paid shares
share-based
payment
2008
investments
accumulated losses
expense recognised
directly in equity
to members of the
company
income and expense
for the year
capital
options
share-based
payment
2009 Please refer to ASX website (www.asx.com.au - Range ASX code RRS) for full Annual Report icluding Directors Report and Notes to the Financial Statements.
CASH FLOW STATEMENTS
FOR YEAR ENDED
30 JUNE 2009
2009 2008 2009 2008
CASH FLOWS FROM OPERATING
ACTIVITIES
employees
costs
operating activities CASH FLOWS FROM INVESTING
ACTIVITIES
& equipment
Somalian rights
and evaluation
entities
investing activities CASH FLOWS FROM FINANCING
ACTIVITIES
equity
costs
financing activities
Net (decrease)/ increase in (3,720,943) (18,759,124) (3,720,908) (18,758,922)
cash and cash equivalents
at beginning of financial
year
at end of financial year Please refer to ASX website (www.asx.com.au - Range ASX code RRS) for full Annual Report including Directors Report and Notes to the Financial Statements.
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| 25-09-09 | PRN |
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25 September 2009 ASX Announcement
Update by Australian based oil and gas explorer Range Resources Limited (ASX: RRS; AIM: RRL) ("Range" or "the Company") on its exploration drilling program in North Chapman Ranch, Texas. Smith #1 well, North Chapman Ranch The exploration well Smith #1 spudded on 4 September 2009. Surface casing has been set and cemented at 1,528 ft (465m).
Figure 1: Unit Texas Rig #35 drilling ahead on Smith #1 well (please refer to website to view this figure). Background on North Chapman Ranch Range holds a 25% working interest in the drilling of Smith #1 well. The well shall be drilled to an approximate depth of 14,200 ft (4,329m) or to a depth sufficient to test the Howell Hight formation. If successful, the Smith #1 well could trigger significant oil and gas production and development drilling with very attractive economics, at a time when exploration and development costs in the US have dropped dramatically. Range will continue to update the market on a weekly basis during its exploration drilling program. End For further information please contact : Range Resources Peter Landau Tel : +61 (8) 8 9488 5220 Em: plandau@rangeresources.com.au
RFC Corporate Finance ((Nominated Advisor) Fox-Davies Capital (Broker)
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| 21-09-09 | PRN |
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21 September 2009 Company Announcements Australian Securities Exchange Exchange Plaza 2 The Esplanade PERTH WA 6000
Highlights: * Range acquires a 25% interest in well known Texas oil and gas field, with drilling at project already underway, * Low entry cost - To fund drilling of Smith #1 Well (AUD$1m) and in the event of a discovery fund costs to production (AUD$350,000), * Significant infrastructure in place and timing to first sales will be approximately three months upon a discovery being made, with an estimated payback period of 8 - 10 months. Australian based oil and gas company Range Resources Limited (ASX:RRS, AIM: RRL) ("Range" or "the Company") continues to enhance its international oil and gas portfolio, reaching agreement with U.S. based private oil and gas company Crest Resources Inc ("Crest") to acquire a 25% working interest in the North Chapman Ranch project located in Nueces County, Texas. The project area encompasses approximately 1,280 acres in one of the most prolific oil and gas producing trends in the State of Texas. Smith #1 Well - Currently Drilling Range will participate in the Smith #1 well, which has already commenced drilling and is expected to confirm an apparent discovery made by Crest and its partners earlier this year. The well is currently at 8,000 feet with a target depth of 14,000 feet. Range anticipates target depth being achieved in the next three weeks and will provide updates to the market as they are received. North Chapman Ranch Background North Chapman Ranch is situated within the prolific Frio producing trend just north of the Chapman Ranch in the Mobil David and Doughty Fields. The Mobil David field was discovered in 1965 when Mobil drilled the Chapman #1B and completed the well in the Laureles Sand (now the Howell Hight). Since then, an estimated 250 billion cubic feet of natural gas and more than 10 million barrels of oil have been produced from this field, primarily from the Anderson sandstone. Recently, several operators in the area have been successfully developing the deeper Howell Hight formation, with some wells exhibiting flow rates in the 6-9 million cubic feet per day range. The currently drilling Smith #1 well is programmed to test the Howell Hight formation in a location near that of the recently drilled Zdansky #1 well. Crest was unable to complete the Zdansky well due to hole problems. If successful, the Smith #1 well could trigger significant oil and gas production and development drilling with very attractive economics, at a time when exploration and development costs in the U.S. have dropped dramatically. In addition, the favorable operating and regulatory environment in Texas serves to mitigate perceived political risk associated with Range's other international exploration projects. Benefits for Range The cost for Range is AUD$1m which includes the cost of the current well. In the event of a discovery, costs to production will be approximately AUD$350,000. The low cost relates to the significant infrastructure (eg. pipelines) already in place. Timing to first sales will be approximately three months upon a discovery being made with an estimated payback period of 8 - 10 months. With winter approaching in the US, timing may be expedited with increased gas prices. Range can limit its exposure to the Smith #1 well or continue with its participation interest in an exploration area which is targeting a minimum of 80 BCF of gas (undiscovered gas in place). Moving Forward With Range anticipating that Africa Oil and the Puntland Government will agree to the proposed drilling programme on the onshore Puntland oil & gas blocks shortly, the recently acquired Georgian blocks being prepared for a seismic survey and the Smith #1 well about half way to target depth, the Company is excited with its portfolio and the activity planned for the coming months. The Company received over subscriptions with its latest placement and will accept a further AUD$2.2m as per the attached Appendix 3B. Range Projects: please refer to the website for diagrams. End For further information please contact: Range Resources Limited Peter Landau Tel : +61 (8) 8 9488 5220 Em: plandau@rangeresources.com.au
RFC Corporate Finance (Nominated Advisor) Fox-Davies Capital (Broker)
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/ 2001, 11/3/2002, 1/1/2003. Name of entity RANGE RESOURCES LIMITED
ABN 88 002 522 009 We (the entity) give ASX the following information. Part 1 - All issues You must complete the relevant sections (attach sheets if there is not enough space).
3 Principal terms of the
equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please
state:
(If issued as consideration to Sophisticated and Institutional
+securities into uncertificated holdings or despatch of certificates
Part 2 - Bonus issue or pro rata issue
required?
non-renounceable?
will be offered
the offer relates
entitlements
registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements N/A in relation to fractions 18 Names of countries in which the N/A entity has +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with.
Cross reference: rule 7.7.
acceptances or renunciations
or commission
issue 23 Fee or commission payable to the N/A
broker to the issue
payable to brokers who lodge acceptances or renunciations on
behalf of +security holders
+security holders' approval, the date of the meeting 26 Date entitlement and acceptance N/A form and prospectus or Product Disclosure Statement will be sent to persons entitled
options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option
holders
(if applicable) 29 Date rights trading will end (if N/A
applicable)
their entitlements in full
through a broker?
part of their entitlements through a broker and accept for the balance? 32 How do +security holders dispose N/A of their entitlements (except by
sale through a broker)?
Part 3 - Quotation of securities You need only complete this section if you are applying for quotation of securities
(tick one)
(b) All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities Entities that have ticked box 34(a) Additional securities forming a new class of securities Tick to indicate you are providing the information or documents
Entities that have ticked box 34(b)
+quotation is sought
quotation is sought
in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do
not rank equally, please state:
now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly
identify that other security)
+securities quoted on ASX (including the securities in clause 38) Quotation agreement 1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides. 2 We warrant the following to ASX.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement. 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete. Sign here: Date: 21 September 2009 Print name: Jane Flegg - Company Secretary + See chapter 19 for defined terms. 1/1/2003 Appendix 3B Page 7
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| 10-09-09 | PRN |
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9 September 2009 The Manager Company Announcements Australian Securities Exchange Limited Level 6, 20 Bridge Street Sydney NSW 2000 By e-lodgement
NOTICE UNDER SECTION 708A Range Resources Limited has today issued 79,658,017 fully paid ordinary shares and 100,000,000 listed options exercisable at 5 cents on or before 31 December 2011 as approved by shareholders at the Company's General Meeting on Friday 4 September 2009, pursuant to an offer made to professional and sophisticated investors (as described in Section 708 of the Corporations Act). The securities are part of a class of securities quoted on the Australian Securities Exchange. The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations Act. The shares were issued without disclosure to investors under Part 6D.2, in reliance on Section 708A(5) of the Corporations Act 2001. As at the date of this notice, the Company has complied with:
a. the provisions of Chapter 2M of the Corporations Act as they apply to the
b. Section 674 of the Corporations Act. There is no excluded information for the purposes of Sections 708A(7) and (8) of the Corporations Act. A portion of the fully paid ordinary shares are to be issued to sophisticated and institutional investors in the United Kingdom ("UK") and allotted on the company's UK register. Yours faithfully
PETER LANDAU Executive Director Contacts Range Resources Peter Landau Tel: +61 (8) 8 9488 5220 Em: plandau@rangeresources.com.au
RFC Corporate Finance (Nominated Advisor) Fox-Davies Capital (Broker)
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| 04-09-09 | PRN |
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4 September 2009 Manager of Company Announcements Alternative Investment Markets (AIM) C/- London Stock Exchange London UK
RESULTS OF GENERAL MEETING AND UPDATED PRESENTATION All resolutions at the Company's General Meeting held today have been passed. Full details are contained in the Company's website along with an updated presentation. Yours faithfully Peter Landau Executive Director www.rangeresources.com.au
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