Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRange Resources Share News (RRL)

  • There is currently no data for RRL

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Range Resources Extends Rigs Sale Closing Date; To Receive Late Fee

Fri, 08th Nov 2019 11:39

(Alliance News) - Oilfield services firm Range Resources Ltd said Friday it will receive a late closing fee from the buyer of four of its drilling rigs, amid an extension to the closing date of the sale.

In late October, a unit of Range - Range Resources Drilling Services Ltd - agreed to sell four drilling rigs to Wilson Energy Services Inc for USD3.6 million in a bid to cut costs and improve liquidity.

The deal was initially expected to complete on Friday. Following a delay, however, Wilson and Range have agreed to extend the deadline for completion to November 22.

As a result of the delay, Wilson will be subject to an unspecified late-closing fee.

Shares in Perth, Australia-based Range were 2.9% higher at 0.036 pence in London on Friday.

By Ahren Lester; ahrenlester@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

More News
9 Nov 2015 09:02

Range Starts Drilling Second Well In Trinidad Following Delays

Read more
2 Nov 2015 11:03

Range Resources says production target in Trinidad won't be met until 2016

(ShareCast News) - Oil and gas explorer group Range Resources warned it will not meet its production target at its Trinidad operations until early next year. Earlier this year, the London - listed said it expected annual production from the Trinidad wells to be 1,000 barrels of oil per day, although

Read more
2 Nov 2015 10:44

Range Resources Pushes Back Trinidad Production Target

Read more
5 Oct 2015 09:54

Range Resources Says Well Drilled To Shallower Depth Than Planned

Read more
1 Oct 2015 10:21

Range Resources names new non-exec director

(ShareCast News) - Oil and gas exploration group Range Resources has appointed Yu Wang to the board of non-executive directors. Wang is the nominee of Beijing Sibo Investment Management, which earned the right to appoint up to three non-executive directors, after investing $30m in the London-listed

Read more
30 Sep 2015 15:16

Range Resources First Half Loss Narrows As It Cuts Costs, Streamlines

Read more
24 Sep 2015 10:12

Range Resources Says On Track For 2015 Production Target

Read more
7 Sep 2015 12:19

Range Resources gets drilling underway in first Trinidad well

(ShareCast News) - Oil and gas explorer Range Resources said the first development well in its Trinidad project spudded last week and drilling was now underway. The London-listed company said over the next three weeks the MD 42N will be drilled to a total depth of 3,120 feet, adding it expects to re

Read more
7 Sep 2015 08:38

Range Resources Says First Trinidad Well Is Drilling Ahead

Read more
3 Sep 2015 11:37

Range Resources On "Sound Footing" After Securing Financing Package (ALLISS)

Read more
2 Sep 2015 10:54

Range Resources jumps on Trinidad project update

(ShareCast News) - Oil explorer Range Resources shares jumped on news that the first of four new drilling rigs has arrived in Trinidad. The rig, the largest to be added to the Range Resources Drilling Services drilling fleet in 2015, has a 4,000m drilling capacity and is expected to be available

Read more
2 Sep 2015 06:50

Range Resources Says First Of Four Drilling Rigs Arrives In Trinidad

Read more
1 Sep 2015 10:34

Range Resources Funding Deal With Beijing Sibo Approved (ALLISS)

Read more
26 Aug 2015 16:08

London close: Stocks drop as investors dwell on China slowdown

(ShareCast News) - UK equities dropped on Wednesday as China's economic slowdown continued to weigh on investors' minds. The People's Bank of China on Wednesday said it would pump 140 billion yuan into the financial system through a short-term liquidity adjustment operation. The SLO loans, introduce

Read more
26 Aug 2015 10:36

Range Resources plunges despite receiving payment deadline extension

(ShareCast News) - Shares in Range Resources plunged over 8% early on Wednesday, after the oil and gas explorer said the deadline related to its payment to Lind Asset Management had been extended. The London-listed company has made a $5m payment to Lind, which has made a $7.22m statutory demand afte

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.