don't forget texas...?

The way RRS ARE DISHING OUT THE NEWS FLOW NOW. Texas may spring a surprise RNS pretty soon and could give us a significant bounce for a running start to Georgia...imo!
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Executive Director Anthony Eastman
As demonstrated by the successful fraccing program in North Chapman Ranch, the planned
work program in Texas is expected to add new reserves, production, and cash flow. We
expect to drill a third well (the Albrecht well) on the North Chapman Ranch Project in mid
October and we?re in discussions regarding the location of a possible fourth well to be drilled
before the end of calendar 2011. The Albrecht well will be located toward the east south east
portion of the license area while the Smith #1 and Russell Bevly wells are located up in the
north west corner of the license area. Assuming the Albrecht well is successful this will
?bridge the gap? between the three wells resulting in a significant increase in P1 (proved) and
P2 (proved and probable) reserves.
In addition to the Howell Height formation that the Smith #1 and Russel Bevly wells are
currently producing from, the Albrecht well is also targeting a shallower formation. This
formation appears on trend from existing producing wells adjacent to our license area.
As we have demonstrated with the Smith #1 and Russell Bevly wells, if and when these two
planned development wells are successful, we expect to be able to bring them on‐line and
producing within two months. This will allow us to have four wells up and producing in the
next three to six months with combined gross production of 11 to 14 mmcf and 1,000 to
1,300 bopd (of which approximately 21 percent will be net to Range).