IMPORTANT INFORMATION FOR VISITORS NEW TO THE RANGE RESOURCES...

IMPORTANT INFORMATION FOR VISITORS NEW TO THE RANGE RESOURCES THREADS

Intro:
Unfortunately, the quality of discussion on the forum in regard to Range Resources is marred by the action of vested interests who continually Stock Bash. They never produce a case that can be verified, and constantly try and create a negative perception of the company. Their actions speaks of manipulation in the stock while accumulation takes place. For newcomers, an introduction to the evolving story is provided below. Please read but also do your own due diligence on the stock.

About Range Resources:
The company has experienced a problematical journey over the last 2 years after announcing its agreement with the Puntland Government for 50% rights to the state’s Oil and Mineral riches. Unfortunately, trying to conduct business in a volatile part of the world, cannot be fast tracked as it can be in more stable regions. The slow progress has led to considerable conjecture and confusion on the forums. It helps to explain the constant flood of disinformation that is posted on this company by a select few.

In actual fact, the company has, exceeded expectations even though its time frames have taken longer than anticipated. They have moved to 100% ownership of the oil and mineral rights, and surrounded itself by powerful backers both on its register and in a joint venture for oil exploration. Its $50 mill JV with Africa Oil Corp, a company associated with the world renowned mining magnate Lucas Lundin, has scheduled drilling to commence in Jan/Feb 2008. Recently, the company has achieved an AIM listing which will assist international investors looking to participate in this exciting growth story.

Interestingly, there have been a number of experts who have assessed the potential of Puntland as a possible oil province. Encouragingly, there appears to be unanimous agreement that the targets already identified have the potential for reservoirs carrying billions of barrels of oil. Puntland is viewed geologically as a mirror image of the nearby Yemen, an exceedingly prolific oil producer. The AOI JV can move quickly to a drilling program as there is excellent data available from the work of major oil companies exploring in Somalia many years ago, before being forced out through political upheaval. Over $150 mill was spent on exploration back then.

RISK: There is no question that Somalia is one of the more difficult regions to gain access to for exploration and development. It has been, and in some respects still is, a volatile part of the world. However the nation is moving to reconcile after years of disharmony, and acknowledges the need to generate revenue through the development of natural resources. In particular, Range Resources enjoys the full backing of the Puntland Government, to the extent of them being willing to become autonomous if necessary. The reality is that all is in readiness for the company to enter an exciting new exploration and development stage. The risk is real, but the potential is simply enormous, and the company is now poised to move rapidly forward.

Certainly the risk hasn’t prevented some very powerful institutions and some very influential entities from securing very large stakes on the company’s register.

Personally, I believe that the axiom “Follow the Money” offers some direction with how to assess the prospects of what is by any measure, an extremely interesting exploration company.

A comprehensive summary of all the relevant info about the company, and where the currently is currently positioned, all of which has been gleaned from public reports and company releases, is provided in the post: Range Primer Update2 which was posted on Nov 5 at 17.00. You may locate the post yourself or simply click the link below:

Click Here: Range Primer Update2

Stock Bashers:
I strongly believe that there are vested interests at work on HC continually creating confusion, negativity and disharmony amongst posters on the Range Resources threads.

I have even monitored the actions of Brokers, where On Market Cross Trades continually force lower prices, particularly on days of general market uncertainty, and on days when the Stock Bashing has reached a crescendo. Coincidence? I think not. I suspect that accumulation is going on, and powerful entities want as many shares as they can shake free, and will use any means that they can to do so.

For the benefit of newcomers to the evolving RRS story, the outed Stock Bashers on the RRS threads include:
scarva
pongosniffovitch
shrew crude
insidemoney
eldersxl

Again, do your own research and please make up your own minds.
To help understand the dynamics of what is happening here, you might like to read a summary of how Stock Bashers operate.
Please refer to:
"Stock Bashing Primer" which was posted at 17:54 on Nov 6, or simply click on the link below.

Click Here: Stock Bashing Primer

Encouragingly,
Stock Bashers ONLY bash GOOD stocks or stocks with POTENTIAL that are beginning to EMERGE,
They never attack BAD stocks. Does that tell us something?

I hope the above helps to gain an insight into the company, and what has transpired to date. If you really want to enjoy your stay here, (ie. after establishing for yourself who the stock bashers are) simply put them on IGNORE to stop them muddying the threads.

Good luck with your investing.

Regards
Nev