LONDON (Alliance News) - Range Resources Ltd on Thursday said it knows of no corporate or operational reason behind the recent rise in its share price.
Range shares were trading 31% higher at 0.049 pence each on Thursday afternoon.
Thu, 17th Jan 2019 13:25
LONDON (Alliance News) - Range Resources Ltd on Thursday said it knows of no corporate or operational reason behind the recent rise in its share price.
Range shares were trading 31% higher at 0.049 pence each on Thursday afternoon.
Leila Reddy, Analyst at Panmure Gordon, has reiterated her "Buy" recommendation on Range Resources with a target price of 10p. She comments that this price target is "on the back of rising production in Trinidad, supported by a funded drilling programme and, importantly, well results." Thus and re
Read moreRange Resources, the AIM-listed oil and as exploration group, has posted an increase total possible reserves at its three onshore Trinidad licences by 5.6m barrels to 25.2m, a rise of 29 per cent. Proved reserves having climbed from 15.4m to 17.5m, while probable reserves rose from 2.2m to 2.7m an
Read moreRange Resources, the AIM-listed oil and as exploration group, says that it now has four drilling rigs in operation on the Morne Diable licence, as it provided an update on drilling in Trinidad. The QUN 130 well reached its target depth of 1,300 ft with two likely oil pay zones being identified. The
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Read moreAfter an early fall, London's benchmark index rallied in afternoon trade to finish a few points higher, extending gains from the previous three sessions. The last time the FTSE 100 finished higher was on April 2nd when it hit 5,875. "Stocks and other risky assets have traded higher since Friday. C
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Read moreOil 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
Read more- Chinese inflation data increases stimulus speculation - Eurogroup to meet this afternoon - Spanish yields on the up The FTSE 100 opened slightly lower on Monday morning on the back of economic data from Asia and ahead of a crucial Eurogroup meeting later today. "Overall for the start of the new
Read moreOil and gas company Range Resources has said that the Lower Forest wells on the Morne Diablo Block in Trinidad are capable of adding 100-130 barrels of oil per day (bopd) of initial production per well. The company is also set to reach 1,000 bopd in the coming weeks once current tests are completed
Read moreShares in joint venture partners Range Resources and Red Emperor Resources slipped on Friday morning despite the announcement that its Shabeel North well in Puntland, Somalia, is on track. The well, which was spudded initially at the start of the month, is currently at a depth of 984m; it is target
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