ASX Announcement 3 February 2009
Puntland Update
Australian company Range Resources Limited (ASX: RRS; AIM: RRL) (�gRange�h or �gthe Company�h), the oil and gas explorer with assets in Puntland (Somalia), wishes to advise that 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:
�gAs 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.�h
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.
Ends
Contacts
Range Resources
Peter Landau
Tel: +61 (8) 8 9488 5220
Em: [email protected]
Australia London
PPR Conduit PR
David Tasker Jonathan Charles
Tel: +61 (8) 9388 0944 Tel: + 44 (0) 20 7429 6666 Em: [email protected] Em: [email protected]
RFC Corporate Finance ((Nominated Advisor) Fox�]Davies Capital (Broker)
Stuart Laing Daniel Fox�]Davies
Tel: +61 (8) 9480 2500 Tel: +44 (0) 207 936 5200
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