26 Aug 2015 08:30
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Don't have an account? Click here to register.Range Resources jumps on Trinidad project update
Wed, 02nd Sep 2015 10:54
(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 for drilling from next month, providing the group secures customs clearance, as well as government and regulatory approvalsMeanwhile, other three new rigs, which have drilling capabilities of 2,000m, 1,500m, and 1,000m, are on the way to Trinidad, Range said in a statement on Wednesday, adding they're expected to become operational in November."Following shareholders' queries, the company wishes to clarify that the Guayaguayare deep commitment well which was not included in the work programme schedule released on August 24 is expected to be drilled next year," it said in a statement."The details including proposed spud date for this well are still being finalised and will be released in due course."Range shares were up 5.26% to 0.600p at 1104 BST on Wednesday.
More News
24 Aug 2015 08:36
Range Resources finalises drilling schedule for Trinidad project
(ShareCast News) - Oil and gas explorer Range Resources said it has agreed the drilling schedule for the next 22 development and exploration wells in its Trinidad project. The London-listed company said the 22 wells are expected to be drilled by the end of the first three months of next year, althou
Read more7 Aug 2015 08:22
Range Resources tumbles as Trinidad update disappoints
(ShareCast News) - Shares in Range Resources tumbled as an update on its Trinidad operations disappointed investors. The exploration and production company said average production in Trinidad fell by 8% in June and July compared to the last reported production of 620 barrels of oil per day in May as
Read more31 Jul 2015 09:05
27 Jul 2015 10:53
Range Resources gets green light for Chinese funding deal
(ShareCast News) - Explorer Range Resources has received regulatory approval for a $30m funding deal with Beijing Sibo Investment Management. Shares in the AIM listed stock were down 2.64% to 0.641p at 0850 BST. Sibo said it would subscribe for ordinary shares, giving $22.1 in cash for a subscripti
Read more14 Jul 2015 10:41
Range Resource's maiden Trinidad well to spud this month
(ShareCast News) - Range Resources is due to spud its Canari North exploration well in the week beginning 27 July. The announcement follows comprehensive regulatory approvals and meetings with partners, contractors, service providers and regulatory agencies involved in the well's operations. The dr
Read more2 Jul 2015 09:20
Range Resources fails in court bid set aside US$7.2m payment
Oil and gas explorer Range Resources said would consider appealing a court decision which ordered it to repay Lind Asset Management US$7.2m. The company had applied to the Supreme Court of Western Australia to aside the statutory demand orders, but the court said it must pay. The court said it woul
Read more