georgia-'spud' immmminent?

Just a reminder to expect an announcement at any time soon.
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{Site preparation is well underway with all site work and earth works complete with supervisors from Edeco and First Drill due on site to supervise the final stages of construction in readiness for the arrival of the rig.}

Good luck to all Rangers

http://www.energy-pedia.com/article.aspx?articleid=145241
Highlights

Mobilisation of Georgian Exploration program commences with spudding >CONFIRMED< early June 2011; and
The Mukhiani 1 well (targeting approx. +115m bbls of mean oil in place) is the first of an anticipated 4-6 high impact exploration wells to be drilled in 2011 across the Company's Georgian, Puntland and Trinidad exploration assets.

Range Resources, along with its joint venture partners, Strait Oil and Gas and Red Emperor Resources, has secured a ship to transport the exploration drilling rig from the UK to Georgia, thus triggering the commencement of the Company's two exploration well drilling program in Georgia.

Site preparation is well underway with all site work and earth works complete with supervisors from Edeco and First Drill due on site to supervise the final stages of construction in readiness for the arrival of the rig. The Mukhiani Well is targeting the Vani 3 Prospect which has the following potential STOIIP:

Vani 3 Prospect - STOIIP (MMbbls): P90 41.7; P50 92.7; P10178.2; Mean 115.2

STOIIP shown here assumes that the Vani 3 Prospect contains 3 stacked reservoirs based on current stratigraphic understanding. Any given well may encounter 1, 2, or 3 such potential reservoirs depending on the degree of relative uplift and/or erosion at any given Prospect location.

The recently completed geochemical helium survey undertaken by Range confirmed the suitability of the first drill location with oil exploration and development prospectivity complementing the earlier seismic work completed on the target.


Range Resources in the Republic of Georgia

In the Republic of Georgia, Range holds a 40% farm-in interest in onshore Blocks VIa and VIb, covering approx. 7,000 sq km. Currently, Range has recently completed a 410 km 2D seismic program with independent consultants RPS Energy identifying 68 potential structures containing an estimated 2.045 billion barrels of oil-in-place.

Source: Range Resources / energy-pedia