Puntland Oil, first drilling to occur by mid-2010

[SayidSomal]

2000-2009 could be jan2000 - jan2009 for all i know - to express it as a decade you'll have to write it as 00s. get it?

 

Saxiib damiinnimada laguma adkaysto, ee waxba la barta.

[General Duke]

Originally posted by S*S:

2000-2009 could be jan2000 - jan2009 for all i know - to express it as a decade you'll have to write it as 00s. get it?

 

Adeer you are digging yourself a bigger hole.

As for you let me teach you a quote I heard once..

 

"those who can, do; those who can't, teach"

 

Thus go teach the kids, what a decade is.

[ElPunto]

^Sayid - You're like a dog with a bone.

[SayidSomal]

^what is the point?

[General Duke]

Summary

Australia's Range Resources and Canadian partner Africa Oil say they are close to finalizing amended contract terms for their two oil blocks in Somalia's Puntland region...

[ElPunto]

^The point is you let go after a while - not hold on endlessly!

[General Duke]

Range Resources Limited (“Range” or “the Company”)

is both an ASX-listed (ASX: RRS RRSOA) and AIM-listed (AIM: RRL) exploration Company, with its principal activity directed towards finding and delineating natural resources in the oil, gas and mineral sectors

in Puntland, Somalia; the Republic of Georgia and onshore Texas, USA.

 

Range’s main focus is in Puntland, Somalia where it holds a 20% working interest in two Production Sharing Agreements (PSAs) for the Nogal and Dharoor Blocks. These conscessions encompass two highly prospective hydrocarbon basins covering an area of 81,000sq.km or more than 20 million acres.

 

In July 2009, The Company entered into a Heads of Agreement with the private UK company Strait Oil and Gas Ltd. to acquire a 50% interest in two oil and gas blocks in the Republic of Georgia.

 

In September 2009, Range acquired a 25% interest in the North Chapman Ranch project in Nueces County, Texas. The operator, US-based private oil and gas company Crest Resources Inc., has already commenced drilling the first well. The project area encompasses approximately 1,280 acres in one of the most prolific oil and gas producing trends in the State of Texas.

 

With Range’s planned onshore drilling program in Puntland, and its progress towards developing a joint exploration strategy with the Puntland Government for offshore Puntland, the Georgia and Texas farm-in are considered by Range to be a significant step towards establishing the company as a diversified international explorer with a growing oil and gas acreage position and significant upside potential.