Compliments to friends in London... presentation on Thursday for Range.
Note the interesting timing of it considering Fox Davies have just been allocated the rest of their shares…
30th October 2007 “the remaining 5,636,455 New Ordinary Shares to be admitted on 14 November 2007�
Range Resources (AIM:RRL) Range Resources is an exploration company with its principal activity directed towards finding and delineating natural resources in the oil, gas and mineral sectors in Puntland, Somalia. Puntland is believed to have all the geological requirements to become a commercial oil-producing region. Range has two Production Sharing Agreements (PSAs) for the Nogal and Darin Blocks, two particularly promising basins. Undiscovered oil-in-place resources in the Nogal block are estimated at net 860mmbbl. A successful project in this “Near Shore� zone would mean that new reserves could be rapidly placed on production, largely from shore based facilities. Fox-Davies Capital recently initiated coverage with a price target of 50p.
