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Range Resources gets drilling operation underway in Trinidad

Mon, 09th Nov 2015 12:26

(ShareCast News) - Oil and gas explorer Range Resources has begun drilling its second exploration well in Trinidad, which will be drilled deeper than originally planned.The London-listed company said GY 180SE, the second of its 22-well programme was spudded on 4 November after the company incurred a series of delays over the acquisition of additional road approvals from local authorities.Range said it expects the well to be drilled to a total depth of 2,000 ft compared to the original plan to drill down 1,820 ft and it forecast drilling to be completed by 25 November.Meanwhile, the group added the vessel carrying three new rigs has arrived in Trinidad and it was arranging for the rigs to be offloaded and transported to the site to be used from the first quarter of next year.Range shares were down 1.22% to 0.406p at 1241 GMT on Monday.
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30 Jun 2015 09:54

Range Resources's partner abandons Somalian joint-venture

Oil explorer Range Resources said its joint venture partner Africa Energy has informed Somalian authorities of its intention to withdraw production sharing agreements (PSAs) related to the Nugaal Block and the Dharoor Block. Citing uncertainty over the current political climate in the region, especi

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30 Jun 2015 08:26

Range Resources Withdraws From Somalia Due To Political Uncertainty

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8 Jun 2015 11:11

LONDON MIDDAY BRIEFING: Summer Rumour Mill Gets Into Flow

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8 Jun 2015 10:48

WINNERS & LOSERS: Diageo Heads FTSE 100 Winners, Shire Leads Fallers

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8 Jun 2015 09:48

Range Resources jumps after trading resumes

Shares in Range Resources surged after trading on AIM was restored on Monday morning. It came after the group on Friday announced that it had received the first tranche of the funding package agreed with Beijing Sibo Investment Management. In exchange for the £5.2m, Sibo was issued with 650m new or

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5 Jun 2015 12:47

Range Resource Shares To Resume Trading As It Secures Funds (ALLISS)

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1 Jun 2015 10:23

Range Resources' Trinidad operations turn cash flow positive in May

Oil and gas explorer Range Resources said daily production from its operations in Trinidad & Tobago averaged 620 barrels of oil per day last month. As a result, the London-listed company reported positive cash flow in May, adding it expected the business to remain cash flow positive at the current o

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1 Jun 2015 09:14

Range Resources Gains First Positive Operating Cashflows Across Group

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29 May 2015 17:36

Range Resources Secures Long-Awaited GBP35 Million Funding

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26 May 2015 08:39

Range Resources Secures Up To USD35 Million In Funding (ALLISS)

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21 May 2015 10:56

UPDATE: Range Finalises Exploration Plan For St Mary's In Trinidad

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21 May 2015 07:57

Range Finalises Exploration Programme For St Mary's Block In Trinidad

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14 May 2015 12:11

Range Resources Has Little Time To Get Funding After Deal Falls Through

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13 May 2015 08:12

Range Resources Production Rises, Outlines 13 Well Work Programme

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30 Apr 2015 10:29

Range Resources Production Rises But Subsidiary Sale May Be Delayed

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