Range Resources Share News (RRL)

Oil and gas exploration, development and production company Range Resources has today provided updates on its drilling operations in Georgia, Trinidad and Texas.In Georgia the company has announced the arrival, at the port of Poti, of the exploration drilling rig and associated equipment that will be used for the Company's two well exploration program.Meantime, and in Trinidad, management says that is on track to commence its shallow target development drilling program involving 15-20 wells. These are expected to be completed before year-end, utilizing a number of the company's drilling rigs.Of particular interest, the outfit holds that a number of new brokers have recently visited the company´s Trinidad and Texas assets. Range Resources is anticipating some updated and initiating research from a number of these analysts in the coming weeks.As well, Range has indicated that it has finished preparations for the start of the fracture stimulation of the Ross 3H horizontal well. Executives hold that, "if successful, the Ross 3H well is expected to launch a development program of 15-20 additional horizontal wells, each of which could potentially recover between 200,000 and 500,000bbls." Furthermore, they add that, "after having recently increased its interest to 21.75% of the field Range is well positioned to add significant oil production and cash flow to its growing US operations."Lastly, the company details its most recent issues of shares and options. As of 1:49PM shares of Range Resources are trading flat, at 16p, in London trading. AB