3rd Feb 2009 07:00
Range Resources Ltd ABN 88 002 522 009 Level 3, 1 Havelock Street West Perth, WA 6005 P +61 8 9488 5200 F +61 8 9324 24003 February 2009 Puntland Update
Australian company Range Resources Limited ("Range" or "the Company"), the oil and gas explorer with assets in Puntland (Somalia), wishes to advise that a Presidential policy update of the new Puntland Government was presented to the Puntland Parliament over the weekend (31 January, 1 February 2009).
This policy update covered many areas of interest to the Puntland region, but of particular interest to Range was the following statement:
"As you all know there are agreements signed by the former government that raised complaints from various groups. These contracts were between the government, foreign and local companies. In principle, I recognise and accept these agreements, but we have to update ourselves and make sure that they are benefiting the people and are within the laws of Puntland."
As mentioned in previous announcements, Range looks forward to establishing a constructive and mutually beneficial relationship with the new Puntland Government and its President, His Excellency, Dr. Abdirahman Mohamed Farole.
EndsContactsRange ResourcesPeter LandauTel: +61 (8) 8 9488 5220Em: [email protected] LondonPPR Conduit PRDavid Tasker Jonathan CharlesTel: +61 (8) 9388 0944 Tel: + 44 (0) 20 7429 6666Em: [email protected] Em: [email protected]
RFC Corporate Finance ((Nominated Advisor) Fox-Davies Capital (Broker) Stuart Laing
Daniel Fox-DaviesTel: +61 (8) 9480 2500 Tel: +44 (0) 207 936 5200
vendorRelated Shares:
STA.L