Ann: Finance Facility and Texas Asset Acquisition, page-56

Oh dear. It's the Texas rubbish!!
That pig has been floating around Range for sell since 2011.

All the info you need on this rubbish is at Range.

Here's the Cap'en in June 2102

Added Peter Landau, Range’s Executive Director, “We are extremely pleased with the recent results
from our  Texas drilling programs, which has  confirmed what the Company had strived to do  in
increasing shareholder value through the increase in the Company’s share of Proved and Probable
reserves from the North  Chapman  Ranch  Project.  This  now  paves the way for the  Company to
commence divestment of the Company’s interest in the project during Q3 2012

North Chapman Ranch and East Texas Cotton Valley are such gang buster wells that both had to be fracced. Cotton had a horizontal and frac plan. (Jan 2012) never happened that I'm aware.

I'm sure oil at $60 pb should cover that. ROFL

And what is ol Range racking in on Texas after 3/12 years (average 58 boepd) (2014 annual)

I don't think you have to think to hard as to were this is going.  "Facility fee A$100,000"

The Company is pleased to announce that it has secured a A$5,000,000 working capital loan facility
following the execution of a term sheet with General Nice Resources (HK) Ltd (“GNR”). Completion of the
facility and the initial A$3,000,000 drawdown is subject to satisfaction of certain conditions including the
execution of formal loan documentation, which is now being finalised. This funding will be used by the
Company to complete the acquisition of the two Texas oil and gas assets,


So where is the money for A-5?? Where's the money that was to be paid as a priority to SI's in cash??  Let me guess. Share issue at .001c
The hole just gets deeper.


So the shepherd that has come here to create distribution reckons an unknown SI has told him that Texas is worth $40m What a load of BS.
(Just like $500,00 per pref and 200%. Of course it would be 200% if you got the shares for free.)

The cap'en try telling everyone that it was $100m in late 2012. Then is was $60m. Then in  Aug 2013 it was $25m and would be finalized by end of the month.  Bare in mind. The price of oil was over $100.  What was always constant was that a 3B would almost always be attached.
Funny that no one here or in the UK could ever found out know this buyer was.

So now the really value for this rubbish ends up here. Were stimulation has had to happen on most with an oil price at an all time low.

Gassed. You indicted that Ms Kelly should have been let go for giving potential price sensitive information.
It's clear from reading todays thread that people were told today's very price sensitive information at the AGM

The share price was .003c. yet the price was beaten down to .001c.

Where Range now get 200m shares. The Con note looks to be at that and I would say that wall at .003c will be the ones in the know now distributing for a profit right now.  

I will agree with you gassed. It is better that it was yesterday. I'll believe testing starts when they release it. (As we have seen. Even then there is no guarantee it will continue.)

This is a pump and dump people and it's been set up since at least the AGM. (imo) At the first sign that distribution is overwhelming supply. Get out. (Not advise. Do your own thing)

These people do not deserve your hard earned. They have clearly shown this time and time again.