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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.
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30 Jun 2015 09:54

Range Resources's partner abandons Somalian joint-venture

Oil explorer Range Resources said its joint venture partner Africa Energy has informed Somalian authorities of its intention to withdraw production sharing agreements (PSAs) related to the Nugaal Block and the Dharoor Block. Citing uncertainty over the current political climate in the region, especi

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30 Jun 2015 08:26

Range Resources Withdraws From Somalia Due To Political Uncertainty

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8 Jun 2015 11:11

LONDON MIDDAY BRIEFING: Summer Rumour Mill Gets Into Flow

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8 Jun 2015 10:48

WINNERS & LOSERS: Diageo Heads FTSE 100 Winners, Shire Leads Fallers

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8 Jun 2015 09:48

Range Resources jumps after trading resumes

Shares in Range Resources surged after trading on AIM was restored on Monday morning. It came after the group on Friday announced that it had received the first tranche of the funding package agreed with Beijing Sibo Investment Management. In exchange for the £5.2m, Sibo was issued with 650m new or

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5 Jun 2015 12:47

Range Resource Shares To Resume Trading As It Secures Funds (ALLISS)

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1 Jun 2015 10:23

Range Resources' Trinidad operations turn cash flow positive in May

Oil and gas explorer Range Resources said daily production from its operations in Trinidad & Tobago averaged 620 barrels of oil per day last month. As a result, the London-listed company reported positive cash flow in May, adding it expected the business to remain cash flow positive at the current o

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1 Jun 2015 09:14

Range Resources Gains First Positive Operating Cashflows Across Group

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29 May 2015 17:36

Range Resources Secures Long-Awaited GBP35 Million Funding

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26 May 2015 08:39

Range Resources Secures Up To USD35 Million In Funding (ALLISS)

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21 May 2015 10:56

UPDATE: Range Finalises Exploration Plan For St Mary's In Trinidad

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21 May 2015 07:57

Range Finalises Exploration Programme For St Mary's Block In Trinidad

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14 May 2015 12:11

Range Resources Has Little Time To Get Funding After Deal Falls Through

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13 May 2015 08:12

Range Resources Production Rises, Outlines 13 Well Work Programme

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30 Apr 2015 10:29

Range Resources Production Rises But Subsidiary Sale May Be Delayed

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