13 Apr 2016 07:40
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Don't have an account? Click here to register.Range Resources's partner abandons Somalian joint-venture
Tue, 30th Jun 2015 09:54
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, especially in respect of the disagreement between the central government and the regional authorities of Puntland, Africa Energy has abandoned the project, Range said."Whilst disappointed with this outcome, Range acknowledges the political uncertainties that have existed within the country, the state and the region over the recent years, preventing the joint venture from conducting the activities required under the terms of the PSAs," the company said in a statement.Range shares were up 1.81% to 0.713p at 11:14 on Tuesday.
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