very positive-huge upside :3 reasons, page-10

Hi All,

You need to read the announcement as to what Range's role is. Under the purposed agreement RRS will facilitate the management of Puntlands resources. This deal is potentially worth multi millions to Range. I don't think people have fully digested the magnitude of this announcement.

Please See Section of Announcement below.......
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"Oil companies including Chevron (NYSE: CVX) and ConocoPhillips (NYSE: COP) are crossing their fingers that their former concessions in northern Somalia will be honored now that the country is coming out of nearly a decade and a half of chaos." Please See Article below.......
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From Page 1 of 14 of the RRS 05/09/05 Announcement
QUOTE
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Under the Agreement, Range will manage all exploration programs and enter into farm-in or joint venture arrangements with third parties in order to fully exploit the exploration potential of Puntland.
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􀂉 Consort Private Limited (“Consort”) has entered into a Contract of Work with the Government of Puntland which grants Consort the exclusive rights to exploit all sub soil resources in Puntland (“Puntland Agreement”). The agreement with the Government of Puntalnd was drafted by a leading London law firm specialising in international law in African countries.
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􀂉 The Company’s clearly defined goal is to facilitate the exploration and commercial development of the State’s natural resources to bring the commensurate benefits to the people of Puntland and shareholders of the Company. Range will facilitate the use of third party farm ins and joint ventures to assist in funding its on going obligations under the Heads of Agreement as summarised in this Announcement.
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http://www.geeskaafrika.com/igad2020_30aug05.htm
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Somalia's fledgling government says ready for oil and Mineral Deals
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Oil companies including Chevron (NYSE: CVX) and ConocoPhillips (NYSE: COP) are crossing their fingers that their former concessions in northern Somalia will be honored now that the country is coming out of nearly a decade and a half of chaos.