Diskussion zu Range Resources Oil und Gas Produzent ( Seite 263)

das Tief vom 30. Januar hat jetzt mehrere Tage gehalten, mehr aber auch nicht, scheinbar spielen die noch etwas Mikado, wer sich zuerst bewegt hat verloren

Schlußkurs oberhalb von 11,10 GBp wäre ein starkes Zeichen für die nächsten Tage...

leider ohne quellangabe, hab ich grad im iii board gesehen.

What Puntland Success Could Mean

Date: Wednesday, February 8, 2012printer friendly version


The spud of the Shabeel-1 well in Puntland, Somalia is a significant milestone Range Resources Ltd. said. The company said it believes the well has the potential to be a company and country making development. Range released a statement on its history in the country and what a success would mean.

“While the news on January 17 that Range and its joint venture partners were drilling the first well in Puntland for more than 20 years attracted international attention and led to a tremendous spike in Range's share price, the real story dates back nearly seven years.

“That story includes numerous ups-and-downs for both Range and Puntland and it is a tale of real perseverance from both parties that has led to a successful achievement that most people believed was doomed from the start.

“Officially known as the Puntland State of Somalia, Puntland was declared an autonomous state by its local clan rulers in 1998 and has been unfairly tainted by regional civil war issues and the growth of a local "pirating" industry.

“Range first entered Puntland in 2005 through the acquisition of a 50.1 per cent interest in the sole and exclusive rights to all mineral and hydrocarbon exploration and development in Puntland. A year later the Company reached an agreement to acquire the residual 49.9% interest and has since relinquished its exclusive mining rights in the region.

“Since that time Range has had an unofficial role as an advisor to the Puntland administration on attracting international oil and gas industry investment into the country, and it has been successful in assisting with the preparation of a Production Sharing Agreement (PSA) that is now the official contract format between the Government and companies aiming to extract resources in the country.

“Range was also successful in promoting the significant hydrocarbon prospectivity of Puntland to the global oil and gas sector. In October 2006 Range signed a Memorandum of Understanding with Africa Oil in relation to an $50 million 80% farm into the Nogal Basin and Darin Basin Blocks. This resulted in a Joint Venture project being reached between Range and Africa Oil which saw the formal signing of a Product Sharing Agreement between Range, Africa Oil and the Puntland Government in January 2007.

“That PSA cemented the ongoing co-operative and committed relationship between Range, Africa Oil and the Puntland government and confirmed the willingness of all the parties involved to develop the natural resources of Puntland. It was also be a significant milestone in the country's path towards further development and in proving to the global oil and gas sector that Puntland was a suitable place to invest. Subsequently, in mid-2010, ASX-listed Red Emperor elected to farm-in for a 20% interest in the licenses covering the Dharoor and Nugaal valleys.”

Range’s executive director Peter Landau said: "Range's clearly defined goal since entering Puntland has been to facilitate the exploration and commercial development of the State's natural resources to bring the commensurate benefits to the people of Puntland and shareholders of the Company. It has always been the view of the Company to facilitate the use of third party farm ins and joint ventures to assist in funding its on-going obligations under the Heads of Agreement."

"The Puntland Government had no real experience with the legislation required to formalize exploration and production agreements covering its resources and we were able to assist it in providing some guidance and expertise in that area," Landau added.

The statement from Range went on to say “The multi-billion (elephant) barrel potential of the Puntland basins has also played its part in attracting international interest in the country.

“Somalia's hydrocarbon potential was initially identified in the 1980s and a number of major oil companies obtained exploration concessions and conducted considerable exploration work and drilling over large parts of the State - both onshore and offshore - during the late 1980's and early 90's. These companies included AGIP, Shell (Pecten), Conoco, Phillips and Amoco.

“Unfortunately, the downfall of the Siad Barre regime and incidents like the downing of an American Black Hawk helicopter in Mogadishu in 1993 saw these efforts discontinued.

“However, attention returned to the area again when a 1991 World Bank co-ordinated study intended to encourage private investment in the petroleum potential of eight African nations named Somalia and the Sudan as leading destinations for commercial oil producers. Sudan is now a producer primarily due to the relatively calmer political climate of that country in the last decade.

“Range and its joint venture partners have utilized historic exploration data and undertaken a significant amount of work of their own, including a 775km 2Dc seismic survey acquired in the Dharoor Valley in 2009, to refine what are now world class drilling targets.

“Those targets include Shabeel and Shabeel North, which the companies are preparing to drill after the completion of Shabell-1.

“Shabeel and Shabeel North are very large fault block prospects with internal estimates of Prospective Resources of over 300 million barrels of oil (mean 100% basis). Source rocks are expected to be rich Jurassic Kimmeridgian shales in the deep portion of the rift immediately down dip from the Shabeel prospects. Reservoirs are expected to be sandstones and carbonates of the Lower Cretaceous and Jurassic systems analogous to Yemen.”

For Range and Peter Landau, success with either well would be a just reward for many years of difficulties. However, for Landau, the benefits of drilling success would bring to Puntland and its people, is more important.

"We consider the spudding of the historic Shabeel-1 well a monumental achievement which could not be achieved without the immense contributions of Range personnel, the Puntland Government, operator Horn Petroleum/Africa Oil and, most importantly, the people of Puntland and the Dharoor Valley communities," Landau stated.

"We hope that success at the Shabeel well will, given the royalty and profit share arrangements in place,- lead to significant infrastructure and employment benefits for Puntland and greater Somalia."

With the Horn of Africa region in which Puntland is located currently suffering from severe drought and famine, any benefits that can flow from drilling success at Shabeel-1 and North Shabeel-1 has the potential to make a significant difference to the local people.

Antwort auf Beitrag Nr.: 42.720.895 von haraldinho07 am 08.02.12 17:46:39hier mal ein Vergleich mit einer anderen Aktie, mal sehen ob Range an dem selben Chartbild bastelt

Hurra, Im März 2012 gehen wir auf 18Cent.

Antwort auf Beitrag Nr.: 42.724.982 von Roger63 am 09.02.12 13:19:16Hallo Roger63,
da kann ich Dir leider nicht zustimmen.
Im März 2012 erreichen wir das 52Wochen-Hoch vom 08.03.2011, mit 0,292c.
Damals gab`s die guten Fundamentels noch nicht und der Aktienwert war trotzdem auf 0,292c.
Mit den zu erwartenden New`s von mehreren Projekten, sollte einiges möglich sein.
Daumen halten.

...von wem ist denn die Theorie...lach

Wenn das war ist, dann steigt die auch noch höher...

so wird das werden.