13 Apr 2016 07:40
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Don't have an account? Click here to register.Range Resources settles all outstanding claims in Colombia
Thu, 25th Apr 2019 15:52
(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.The AIM-traded firm said that, as it had previously announced, the key terms of the settlement arrangement were that ANH confirmed that Range and the consortium had no liability for any payments or debts, with all proposed penalties being lifted.It said the consortium also agreed to waive all potential claims against ANH, and agreed to the termination of the exploration licences."Range acknowledges the constructive approach taken by all parties and is delighted with the outcome which brings an end to this legacy matter," the board said in its statement.
More News
22 Feb 2016 09:01
Range Resources revises Trinidad programme
(ShareCast News) - Low oil prices forced Range Resources to reevaluate its work in Trinidad and Tobago on Monday, with the company focusing its attention on waterflood projects in the country. The AIM-listed company said it had the most active onshore work programme among independents in Trinidad fo
Read more27 Jan 2016 09:01
Range Resources continues development despite low oil prices
(ShareCast News) - Range Resources was pressing ahead with development at its Trinidad sites, despite the low oil price environment causing serious uncertainty. The AIM-traded resources firm saw its oil and gas production decrease by 5% from the previous quarter, to 547 barrels per day. It blamed t
Read more3 Dec 2015 09:34
Range Resources spuds third well in Trinidad
(ShareCast News) - Range Resources said it has spudded the third development well of a 22 well programme in Trinidad and has now received government and regulatory approvals for its Morne Diablo waterflood expansion programme. The company said it is drilling ahead to a total depth of 2,000 ft on the
Read more20 Nov 2015 09:32
Range Resources completes well on Trinidad site ahead of schedule
(ShareCast News) - Exploration and production group Range Resources said work on GY 180SE, the second well at its Trinidad project, has been completed ahead of schedule. In a short statement released on Friday, the London-listed company said oil shows and hydrocarbon sands were encountered at the Mi
Read more20 Nov 2015 08:31
9 Nov 2015 12:26
Range Resources gets drilling operation underway in Trinidad
(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
Read more