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Gold/Mining/Energy : Range Petroleum--RAN:VSE -- Ignore unavailable to you. Want to Upgrade?

To: D. W. who wrote (87)	5/15/1999 9:14:00 PM
From: D. W.	Read Replies (1) \| Respond to of 96

To all: I called the company for an update yesterday. I learned the following: 1 proposal for a joint venture is on the table but management has yet to act on it. Several other sources for financing the Ontario play are also being explored. Range is expecting a listing on NASDAQ via the OTC-BB (over-the -counter bulletin board ). They expect to be listed in two weeks. Until then Range is reluctant to release any information that would materially affect the company. If they did then the whole process would have to be re-visited. They are currently shooting 3-D seismic and are aiming to drill 7 new holes by the end of August. I look for some news at the beginning of June . Current insider purchasing strengthens my conviction that this company will pull this deal together. Best regards to all. D.W.