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Range Resources Revises Work Programme To Focus On Waterflood Sites
LONDON (Alliance News) - Range Resources Ltd on Monday said it has reviewed its 2016 work programme and will now focused on the most attractive wells on its books amid the tough operating environment for oil and gas companies.
Range said it has identified the implementation of its waterflood projects as the highest priority and will expedite work on these projects given the most cost-efficient nature of these sites.
It will focus on the Morne Diablo and Beach Marcelle projects in Trinidad under the revised work programme and said it was considering making further acquisitions to boost its portfolio.
Range shares were down 8.9% to 0.255 pence on Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Latest RRL News
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9 Oct 2020 - Star Phoenix extends cash due date for LandOcean Energy
1 Jun 2020 - Star Phoenix narrows net loss after offloading Trinidad operations
16 Mar 2020 - Star Phoenix gets go-ahead for sale of Range Resources Trinidad
17 Jan 2020 - Range Resources Shareholders Agree Trinidad Sale, Name Change
29 Nov 2019 - Range Resources Extends Closing Date For Drilling Rigs Sale
25 Nov 2019 - UK Shareholder Meetings Calendar - Next 7 Days
22 Nov 2019 - Range Resources Says Ongoing Trinidad Tax Appeal Adjourned To January
13 Nov 2019
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(Sharecast News) - Oil, gas and oilfield services company Star Phoenix updated the market on its oilfield services operations on Friday, reporting tha...
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(Sharecast News) - Oil, gas and oilfield services company Star Phoenix has agreed to provide an extension to LandOcean Energy Services to provide the ...
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UK Shareholder Meetings Calendar - Next 7 Days
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Range Resources Says Ongoing Trinidad Tax Appeal Adjourned To January
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