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Range Resources Opts Against Pursuing Damages From Georgia

Wed, 16th Oct 2019 10:37

(Alliance News) - Range Resources Ltd on Wednesday said it has ended legal action against Georgia following the termination on a production sharing agreement.

In June, Range said it would be seeking damages of USD21.9 million from the country, after Block VIA was cancelled. Range has been involved in the block since 2009, with "substantial" capital invested.

However, this has now been withdrawn, with Range giving no reason for the decision.

Shares were 13% lower on Wednesday morning in London at a price of 0.035 pence each.

By George Collard; georgecollard@alliancenews.com

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26 Jul 2019 12:23

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23 Jul 2019 13:51

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(Alliance News) - Range Resources Ltd on Tuesday said Abraham Ltd Board nominee Juan Wang has tendered her immediate resignation.Wang was appointed to the oil and gas company's board in

12 Jun 2019 14:59

Range Resources Files For Damages Against Georgia Over Block VIA

(Alliance News) - Range Resources Ltd on Wednesday said its legal advisors have submitted a notice of arbitration against Georgia over the wrongful termination of a production sharing is seeking a

25 Apr 2019 15:52

Range Resources settles all outstanding claims in Colombia

(Sharecast News) - Trinidad and Indonesia-focussed oil and gas company Range Resources announced on Thursday that the court in Colombia had approved the decision to settle all outstanding historic claims and disputes between Agencia Nacional de Hidrocarburos (ANH) and the consortium of Range and Optima Oil Corporation.

1 Apr 2019 13:53

Range Resources Planning Announcement On Debt Position, Acquisition (ALLISS)

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