http://www.rangeresources.com.au/fileadmin/user_upload/asx/Range_...

http://www.rangeresources.com.au/fileadmin/user_upload/asx/Range_Resources_Progress_Update.pdf

{ There are literally dozens of relatively shallow drillable locations that have been identified in
the existing oil reservoirs. Each of these potential well sites take one to two weeks to drill,
complete and bring to production, allowing rapid development of the existing oil reservoirs.
We have already successfully drilled the first development well (MD 247) of our initial 21 well
program. The well was drilled to a depth of approximately 900 feet and open hole logs
indicate the presence of around 145 feet of net oil pay, exceeding our expectations. In
addition, the well is the first well to be drilled and completed by our own operations team
using our own equipment. We expect to commence production testing on this well next
week.}

The more I read this latest UPdate, the more I KNOW that I have found the right investment for my medium to long term purposes!
Considering today's continual market volatility, the sp in RRS, has, as I have repeatedly said, weathered whatever the market can throw at us. That is not to say the sp won't go down again, but there certainly appears to be strong resistance at these levels ?