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

Mon, 02nd Nov 2015 11:03

(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 on Monday it warned it will not be able to hit the target until the end of the first quarter next year.The news comes a setback for the group, which had expected to achieve its target by the end of the current year.However, Range said it was forced to downgrade its target due to fewer wells being drilled than originally expected, because of a number of delays on rigs arriving at the project area.The group added the production level from the wells last month was 560 barrels per day and it is expected to remain approximately unchanged throughout the final quarter of 2015.Range shares were down 1.60% to 0.413p at 1126 GMT on Monday.
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5 Dec 2016 10:08

Range Resources reports drilling campaign successes

(ShareCast News) - Range Resources announced on Monday that the QUN 160 development well in Trinidad that spudded on 9 November, was successfully drilled to a total depth of 2,140 feet on 22 November. The AIM-traded firm said the well was originally planned to be drilled to 2,600 feet, however it wa

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11 Nov 2016 11:15

Range Resources' Trinidad oil well spuds

(ShareCast News) - AIM-listed oil and gas explorer Range Resources announced that its fourth well in Trinidad has spudded. The QUN 160 development well in in the Morne Diablo field spudded on 9 November and is being drilled to a depth of 2,600 feet, which is expected to take about three weeks to rea

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31 Oct 2016 13:46

Range Resources plans $20m convertible loan note

(ShareCast News) - Range Resources plans to issue a three-year, $20m convertible note after inking an agreement with LandOcean Energy Services Co Ltd. It said proceeds from the note would be used solely to replace a portion of the outstanding payable balance due to LandOcean under the terms of the I

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19 Oct 2016 08:57

Range Resources Third Quarter Production Flat, More Wells Planned

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3 Oct 2016 09:19

Range Resources Reports USD38 Million Loss On Trinidad Impairments

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18 Jul 2016 09:54

Range Resources starts drilling MD 251 development well

(ShareCast News) - Range Resources has started drilling the MD 251 development well in Trinidad. The AIM-listed company said the well is drilling ahead to a total depth of 3,900 feet and is expected to take around three weeks to reach target depth. This will be a directional well to test the Middle

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18 Jul 2016 08:13

Range Resources Starts Drilling Latest Development Well In Trinidad

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22 Jun 2016 07:04

Range Resources To Drill New Well In July And Reviews Workover Plan

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31 May 2016 10:48

Range Resources Welcomes Start Of Injection On 2nd Waterflood Project

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27 May 2016 07:37

Range Resources Says AIM Shares Unaffected By ASX Suspension (ALLISS)

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25 May 2016 08:51

Range Resources Names Zhiwei Gu Chairman As David Chen Steps Down

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17 May 2016 14:57

Range Resources, Lind Asset Management settle dispute

(ShareCast News) - Range Resources and Lind Asset Management have reached a binding agreement to settle all of their outstanding claims and disputes. Under the terms of the deal that draws a line under the pair's long-running dispute, Range has paid $0.325m to Lind, which would keep 38m collateral s

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17 May 2016 09:31

Range Resources Reaches Settlement With Lind Asset Management

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12 May 2016 08:47

Range Resources To Drill Follow Up Development Well In Trinidad

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9 May 2016 07:15

Range Resources Must Grow Production To Benefit From New Royalty Rate

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