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Range Resources Signs US$50 Million Deal With Canadian Canmex
ISSUE 247
Front Page
Index
Headlines

Extremists Linked To The Terrorist Courts Of Mogadishu Burn Haatuf Newspaper In Buroa

IGAD Forces Must Stay Out Of The Territories Of Somaliland

Somalia's Islamic Group Imposes Harsh Rules On Media, Says Press Watchdog

UN Pulls Staff Out Of Somalia

Djibouti To Hold Summit To End Somali Violence

Range Resources Signs US$50 Million Deal With Canadian Canmex
Regional Affairs

Garbage Collection Puts Money In The Pockets Of The Poo

U.S.-Ethiopian Security Ties Deepen

CANMEX Signs MOU To Acquire Interest In
Two Oil And Gas Prospects In Puntland, Somali
Editorial
Special Report

International News

Somalia: Washington's New Approach To The SICC

If Killing Civilians Is Terror, Then Who's The Terrorist?

Muslim Cabbies Refuse Alcohol-Toting Fares

Two Teens Charged As Adults In Killing

Monitors Needed On Ethiopia-Somalia Border - Envoy

Scholar Calls On International Community To Interfere In Somalia

Case Of Ends And Means In Conflict

FEATURES & COMMENTARY

As Threat Of Regional Conflict Grows, A Critical Moment For Somalia

Ibis Triumph Raises Hopes For Rarest Bird

The Emerging Russian Giant Plays its Cards Strategically

Ex-Model Iman Hopes To Help Working Women

Islamic Courts Union Stirs Kenya

Somalia : Radical Militant Youth Group Becoming Dominant - Analyst
Food for thought

Opinions

Somaliland Native Doctors In The Diaspora Should Contribute To Their Community
Like Dr. Idan

Three Things That The World Can Do In Somalia To Avoid A Taliban-like Regime

Great Things That Happen In Somaliland

Here Again The Warlords Became-Islamo-Warlords!

Driven To Death By Political
Instability And Poverty

Reply To The Article Titled: ''Security Threat To Somaliland From Islamic Courts'' By Rashid Nur

Exposing The Lexicon Of The Anti-Somaliland Camp

BOOK REVIEW: LADH


PERTH , October 12, 2006 - Australian resources explorer Range Resources (ASX: RRS) has signed a $US50 million ($A67.50 million) deal with Canadian-based Canmex Minerals to help it look for oil in Somalia.

Canmex will be the operator of the exploration, which is located in the northeastern state of Puntland, and has to complete a minimum of four exploration wells to secure an 80 per cent stake in the project.

A production sharing agreement is expected to be finalized between Range, Canmex and the Puntland government by the end of next month.

Melbourne-based Range is exploring for oil, gas, nickel and uranium in Western Australia, Peru and Puntland.

Shares in Range gained 0.3 of a cent to 3.2 cents by 1329 AEST.

Source: Asia Pulse Businesswire

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