Range Resources - Potentially a savvy move Click for reportIn a...

Range Resources - Potentially a savvy move Click for report

In a major move, rapidly growing Range Resources has announced that it is taking 100% control of Trinidad concern SOCA Petroleum. The acquisition gives Range a significant source of low-cost production along with considerable development and exploration upside. We believe the SOCA deal has the potential to materialise as another savvy Range acquisition.

Range Resources is a dual ASX and AIM-listed E&P junior with projects in Puntland-Somalia, Republic of Georgia, Texas and Trinidad.


Year End Revenue
(A$m) PBT
(A$m) EPS
(c) DPS
(c) P/E
(x) Yield
(%)
06/08 0.5
(5.7)
(3.2)
0.0
N/A
N/A

06/09 0.2
(5.9)
(2.6)
0.0
N/A
N/A

06/10 0.7
(6.4)
(1.0)
0.0
N/A
N/A

06/11e 8.3
(2.3)
(0.2)
0.0
N/A
N/A



Range Resources is a research client of Edison Investment Research.