I thought RMP would show this announcement, but it appears that they haven't. RRS followers would have seen this already.
RIG SECURED FOR GEORGIAN DRILLING ? WELL TO SPUD IN APRIL 2011 Highlights ‐ Drilling rig secured for drilling program in Georgia ‐ Mobilisation to commence March 2011 with well to spud in April 2011 International oil and gas exploration, development and production company, Range Resources Limited (?Range? or ?the Company?) is pleased to announce, along with its Georgian partners, Strait Oil and Gas Ltd (?Strait?) and Red Emperor Resources NL (ASX: RMP) (?Red Emperor?), that a drilling rig has been secured for the upcoming Georgian drilling program. The Company has entered into agreement with Edeco Petroleum Services Limited (?Edeco?) to provide the drilling rig, with operations currently underway on preparing and servicing the rig and associated inventory in readiness for mobilisation, currently scheduled to commence March 2011, with spudding in April 2011. The Company undertook a comprehensive approach in securing the rig, engaging highly experienced drilling project manager First Drill Limited (?First Drill?) to assist in identifying the most appropriate rig for the proposed Georgian drilling program and to help supervise the program. Peter Landau, Range?s executive director commented, ?This is a significant and exciting milestone for the Company, as it paves the way for the Range?s first exploration well in Georgia, following the successful seismic program and helium survey?. Background on Edeco Founded in 1931 as a manufacturer of drilling equipment and were the first company to commence support operations in the North Sea. They have operated in over 35 countries and are currently operating in excess of 40 onshore drilling and workover rigs. Yours faithfully Peter Landau Executive Director Contacts Range Resources Peter Landau Tel : +61 (8) 8 9488 5220 Em: [email protected]
RMP Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
