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Star Phoenix extends cash due date for LandOcean Energy

Mon, 01st Jun 2020 10:47

(Sharecast News) - Oil, gas and oilfield services company Star Phoenix has agreed to provide an extension to LandOcean Energy Services to provide the remaining cash consideration of $0.46m, including an interest rate of 8% per annum, it announced on Monday.
The AIM-traded firm said the agreement was related to the sale of Range Resources Trinidad, with the extension running to 8 June.

"In addition, LandOcean will provide a cash payment of $0.81m to the company by no later than 8 June in settlement of the outstanding payable due from Range Resources Trinidad to Range Resources Drilling Services, for the services provided from 31 March to 8 June," the board said in its statement.

At 0905 BST, shares in Star Phoenix Group were down 8.28% at 2.66p.
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15 Mar 2016 10:48

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22 Feb 2016 10:12

Range Resources Revises Work Programme To Focus On Waterflood Sites

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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

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27 Jan 2016 09:47

Range Resources CEO Resigns As Quarterly Production Falls 5%

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27 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

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19 Jan 2016 11:07

Range Resources Advised Three Licenses In Colombia Have Been Revoked

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13 Jan 2016 10:43

Range Resources Receives Approvals For Trinidad Waterflood Project

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3 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

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3 Dec 2015 09:20

Range Resources Expands Waterflood Programme At Morne Diablo, Trinidad

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24 Nov 2015 11:34

Range Resources Reiterates Production Target For First Quarter

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20 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

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20 Nov 2015 08:31

Range Resources Completes Work On Trinidad Development Well

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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

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