Miningmaven.com is pleased to have been able to facilitate this Q&A session with Range Resources plc. The event was arranged via a Facebook group event which enabled investors to ask important questions and receive answers directly from the Company's senior management. Thank you to Mike Adams, Irene Stark, Jeremy Foote, Lloyd Short, Jason Stinton, Bailey Bailey, Paul Stokes and all other contributors, for their questions, thoughts and comments.
We have tried to reflect all queries within the questions asked. To do this some paraphrasing has been necessary in order to produce a broad session with reasonable coverage in all areas. We would also like to thank Range Resources plc for participating in this new interview initiative. You can subscribe to Range Resources email alert system by clicking here. We expect this will be the first of many such events, so in order to stay informed and ensure you are invited to participate in all future events, you can join the Miningmaven Facebook group by clicking here.
Range Resources is an oil and gas exploration company, listed on the Australian Stock Exchange (ASX: RRS) and the London Alternative Investment Market (AIM: RRL). The company has active exploration programmes in Puntland (Somalia), Texas (USA) and Georgia. Range Resources responses below have been provided by Range Directors, Pete Landau and Anthony Eastman, with input from Texan consultants - Texas Energy Advisors and the Company's Georgian partner, Strait Oil and Gas.
Mining Maven (MM): You have achieved something quite remarkable with Texas turning a relatively small investment into a material revenue producing asset in just a few months. Could you explain briefly how you were able to secure this stake and how this commercial discovery will be managed?
Range Resources plc (RR): The project was offered to Range when one of the original participants elected not to join in the drilling of the Smith #1 well due to financial fall out from the GFC. Testing, further completion, and production of the well will be managed by the operator, with Range's management team, Texas Energy Advisors, part of the Joint Operation Committee. Production will commence imminently (weather pending) following the successful…
