Range Resources Ltd
Range Resources Limited is a dual listed (ASX:RRS; AIM:RRL) Trinidad-focused independent E&P company, with a 100% interest in three onshore production licenses, namely Beach Marcelle, South Quarry and Morne Diablo, as well as additional highly prospective exploration acreage on Guayaguayare license (farm in) and newly awarded St Mary’s licence.The Company is focused on growing its production through waterflood projects, combined with extensive shallow onshore development drilling programme.
The Company has independently assessed Proved reserves (2P) in place of 22.1 MMBO.
Range has further interests in Guatemala; Puntland, Somalia; Colombia; and Georgia.
Latest Range Resources Ltd News
Oil price A decent rally yesterday but on pretty flimsy evidence, the Opec President gets on his hind legs and calls an 'informal meeting of Opec in September to discuss the current slump in oil prices' and people only go and believe it...The way to read it is that all participants will be in Alger... Tuesday, August 9, 2016
Range is pleased to advise that following the announcement on 4 August 2016, the LD-1 development well (renamed QUN 159 well) in Trinidad successfully spudded on 8 August 2016. The well is drilling ahead to a total depth of 2,500 feet, expected to take approximately two weeks to reach target depth.... Tuesday, August 9, 2016
Oil price It was mostly down to inventory news yesterday and the EIA provided a mixed report that the market chose to read bullishly. Although the crude number showed a build of 1.4m barrels against the whisper of a draw of 1.5m, there was a 1.1m draw at Cushing which helped. Much more importantly ... Thursday, August 4, 2016
Range provides an update on its Trinidad operations with the following highlights: MD-251 well successfully reaches target depth ahead of schedule; RRDSL-owned rig 18 achieves necessary regulatory and government approvals to commence operations; and 3rd development well in the 2016 work programme (L... Thursday, August 4, 2016
All Range Resources Ltd News
Oil price A mixed day for crude, very quiet as traders contemplated inventory stats that would likely show that WTI is suffering more that Brent at the moment. In the end they turned out to be right, the API numbers, after the close, were worse than expected, it was a draw but only 827/- barrels, t... Wednesday, July 27, 2016