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.
AIM-listed oil and gas peers Range Resources and Red Emperor Resources have announced that their jointly-owned Shabeel North well in Puntland, Somalia, has been spudded. The well, the second in the current drilling campaign, is operated by Canadian group Horn Petroleum which owns a 60% interest. Ra
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Read moreAIM-listed oil and gas group Range Resources has assured investors that the Shabeel-1 well currently being drilled in Puntland, Somalia, has not yet reached target depths, despite 'negative statements' being circulated. The company said that it still plans to drill to the originally planned depth
Read moreRange Resources has entered into an agreement with the Puntland government to obtain a total working interest in the prospective Nugaal Basin Offshore Block. It is Range's intention to offer a participation interest to its joint venture partner, Red Emperor Resources on terms to be agreed. The B
Read moreOil and gas group Range Resources reported the same level of losses in the first half of its fiscal year, despite soaring revenue, as operating costs increased significantly. Revenue from continuing operations increased from $1.1m to $12.8m in the six months ended December 31st. However, as operati
Read moreRange Resources has reported further success in the appraisal and development of the North Chapman Ranch Field in Texas, in which Range has a 20-25% interest, with the successful drilling of the Smith 2 and Albrecht 1 wells. Work is being conducted to remove all of the plugs below the upper pay zone
Read moreRange Resources says initial production rates at a new well in Trinidad have peaked at 102 barrels of oil per day. The QUN118ST well, located onshore at the Morne Diablo concession, has stable production of 84 barrels per day under natural pressure. Peter Landau, Range's Executive Director, says t
Read moreThe bombed-out shares of Ceres Power showed signs of life on Monday morning after the company announced significant improvements in the durability of its core fuel cell module technology. Meanwhile, the long term test programe of its combined heat and power (CHP) engineering technology remains on s
Read moreRange Resources fell back on Tuesday morning in active trading after announcing a share placing at a deep discount to Monday night's closing price. The company has placed 18.3m new shares at 11.5 cents per share. The close yesterday was 13.25p. After taking account of the exchange rate, the discoun
Read moreRange Resources, the oil and gas explorer, has dropped 3% this morning following the announcement it is yet to reach its target depth at its Albrecht appraisal well in Texas. Currently the dig is at 9,150ft, while the target is 14,500ft. In the same update Range announced that 15.5m Australian do
Read moreOil company Range Resources has successfully completed the drilling of the step out QUN 116 well where it encountered around 66 feet of net pay zone. The well initially flowed at a rate of 50 barrels of oil per day (bopd), exceeding the company's targeted rates of 15-30 bopd. "This is especially
Read moreOil firms Range Resources and Red Emperor are pressing on with their plans to move the drilling rig on to the next proposed well site in the Republic of Georgia, despite a reassessment of seismic data on the suspended Mukhiani-1 well suggesting that a side-track well there could be worth a punt. Th
Read moreOil firm Range Resources has announced a significant upgrade to proved reserves at its mature oil fields in Trinidad. So-called P1 (i.e. proved) reserves in Trinidad have been upped from 2.6m barrels of oil to 15.4m barrels, lifting the value of the assets by about $290m, the company said. This in
Read moreAIM-listed oil firm Range Resources saw its share fall after announcing that the first of two tests on its Mukhiani well in Georgia did not flow. The second test will now be undertaken and the company will provide an update next week, it said. Elsewhere, the firm's second development in the Nor
Read moreUS-based investment firm Socius Capital has invested $15m in AIM-Listed oil and gas exploration firm Range Resources. Range said the placement came at a premium of 10% to the company's current share price. It consists of 83.6m shares at A$0.18 together with almost 42m unlisted five year options wi
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