4th Mar 2011 07:00
4th March 2011The ManagerCompany AnnouncementsAustralian Securities Exchange LimitedLevel 6, 20 Bridge StreetSydney NSW 2000By e-lodgementRE: PRICE QUERY
I refer to your letter dated 3 March 2011 in relation to the recent change in price of the Company's securities and respond as follows in line with the numbers of your letter.
1. The Company is not aware of any information concerning it, that has not
been announced and which, if known, could be an explanation for recent
trading in the securities of the Company;
2. Not applicable;
3. Range recently announced a number of key milestones for the Company across
its development and exploration assets, including;
- the securing of the drilling rig for its Georgian exploration program;
- anticipated mobilisation of the Georgian drilling rig expected March
2011, and planned spudding in April 2011;
- commencement of drilling at the East Texas Cotton Valley Project; and
- successful fracture stimulation of the lower two zones on the Russell
Bevly well, with the upper two zones to follow later in March 2011.
It is anticipated that further updates on the Company's activities will be made with respect of its assets over the coming weeks as events occur, as indicated in the recent announcements from the Company.
The Company also notes that its Executive Directors have been in London on a promotional visit, further increasing the awareness and activities of Range to a wide range of the London investment community, at a time of increased activity across the Company's portfolio of assets.
Since the release of the announcements referred above, the share price has increased significantly (with volume) on its AIM traded shares (with ASX following).
4. The Company confirms that it is in compliance with the ASX Listing Rules.
Yours faithfullyPeter LandauExecutive DirectorContactsRange ResourcesPeter LandauTel : +61 (8) 8 9488 5220Em: [email protected] LondonPPR Tavistock CommunicationsDavid Tasker Jonathan CharlesTel: +61 (8) 9388 0944 Tel: +44 (0) 20 7920 3150Em: [email protected] Em: [email protected] Corporate Finance (Nominated Advisor) Old Park Lane Capital (Broker)Stuart Laing Michael ParnesTel: +61 (8) 9480 2500 Tel: +44 (0) 207 493 8188ABN 88 002 522 009www.rangeresources.com.auLondon
5th Floor, 23 King Street, St. James House, London SW1 6QY t: +44 207 389 0588, f: +44 207 930 2501
Australia
Ground Floor, 1 Havelock Street, West Perth WA 6005, Australia t: +61 8 9488 5220, f: +61 8 9324 2400
vendorRelated Shares:
STA.L