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Sri Lanka Equity Forum » Stock Market & Forum Help » Somalia Oil

Somalia Oil

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1 Somalia Oil on Sun Mar 11, 2012 11:15 pm


Stock Trader
Firstly, this is my first post as I'm more of a reader than a poster.
I came across the forum through a google search and am impressed with the informative commentary that I've read.

I've been invested in a company who are at a pivotal point in their exploration for over two years but the drill has become some what de-risked in their latest operational update.
As comes with young exploration companies, it is a high risk / reward share.

Because the company(s) aren't listed on the CSE I'm not sure if would be against the forum's rules to name them?

Just wondering if anyone else here has read up on the situation or are holding any other small cap exploration companies?

2 Re: Somalia Oil on Mon Mar 12, 2012 3:36 am


Please provide more details on your subject.

3 Re: Somalia Oil on Mon Mar 12, 2012 5:00 pm


Stock Trader
@sriranga wrote:Please provide more details on your subject.

Hey sriranga, the company I'm talking about is called Range Resources and their sister company Red Emperor Resources (RRL.L / RMP.L and RRS.asx / RMP.asx - their codes on the UK's AIM and Australian exchanges respectively).

Range have applied to trade on the US OTCQX markets as of last week:

"Range Resources Limited ("Range" or "the Company") would like to announce that
it has upgraded the trading of its American Depositary Receipts ("ADR's") from
the OTC to the OTCQX International trading platform. It is anticipated that the
ADR's will be available for trading from Tuesday 6 March 2012.

The ADR's will initially be trading under the code RGRYD for the first circa 15
days of trading after which it will revert back to the original code, RGRYY.
Each ADR represents 40 ordinary shares listed on the Australian Securities
Exchange under the symbol "RRS" and on the AIM market of the London Stock
Exchange under the symbol "RRL"."

The company has also employed the services of a popular 'tipster' to promote the company over in the states.
I think it's called StockMailer and this is due to go out to 600,000 of his followers very soon.

Hope this helps..

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