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Range Resources Ltd ShareCast News (RRL)
ShareCast News for Range Resources Ltd (RRL)
| Share Price: 2.93 | Bid: 2.90 | Ask: 2.96 | Change: -0.075 (-2.50%) |  | ||||||
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Range Resources well yet to make find, shares dive
Mon, 23rd Jul 2012 10:27
Oil and gas company Range Resources saw its shares plunge over 21 per cent on Monday after the Shabeel North well, currently being drilled in Puntland, Somalia, by the company's joint venture Operator, Horn Petroleum, drilled without any traces of oil.
The firms' current plan is to drill ahead to the originally planned depth of around 2,400 metres, which will penetrate the remaining section of Jesomma sands, at which point the entire section will be evaluated by electrical logging to determine if further testing is warranted.
The share price plunged 21.12% to 5.23p, extending losses over the past year to 68%, equal to 11p.
NR
The firms' current plan is to drill ahead to the originally planned depth of around 2,400 metres, which will penetrate the remaining section of Jesomma sands, at which point the entire section will be evaluated by electrical logging to determine if further testing is warranted.
The share price plunged 21.12% to 5.23p, extending losses over the past year to 68%, equal to 11p.
NR
Range Resources predicts production growth
Range Resources said it is well positioned to grow production as it plans to merge with International Petroleum to build an AIM- and ASX-listed oil and gas company.[4 Hours Ago]
Range Resources eyes merger funding completion
Range Resources expects to complete the fundraising this week for its planned merger with International Petroleum and is close to finalising new debt finance.[1 May '13]
Range Resources pitches merger with Aussie peer
AIM oil explorer Range Resources has made an all-share merger offer for Australian listed peer International Petroleum.[24 Apr '13]
Range Resources suspends trading of shares as precautionary measure
Oil and gas producer Range Resources has temporarily suspended the trading of its shares on the AIM market as a precautionary measure.[15 Apr '13]
Range Resources reveals rise in revenues and oil production
Range Resources said on Friday revenues for the last half of 2012 jumped 53 per cent on the back of increased oil production.[15 Mar '13]
Range Resources to sell Texas producing assets for 30m dollars
Dual-listed oil and gas exploration companyRange Resources has agreed to the sale of its Texas producing assets for cash payments totalling 30m dollars.[11 Mar '13]
Range Resources shares lift off after oil discovery
Shares in dual-listed oil and gas exploration company Range Resources rose sharply on Wednesday morning after the company reported that probable reserves of 2.3m barrels of oil had been independently estimated at its Atzam site in Guatamala.[20 Feb '13]
Range Resources gains on promising results of oil well in Guatemala
Range Resources shares soared after the oil company reported encouraging results from its Atzam 4 well in Guatemala on Wednesday.[13 Feb '13]
