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Puntland well on track, says Red Emperor and Range Resources

Fri, 22nd Jun 2012 08:09

Shares in joint venture partners Range Resources and Red Emperor Resources slipped on Friday morning despite the announcement that its Shabeel North well in Puntland, Somalia, is on track.The well, which was spudded initially at the start of the month, is currently at a depth of 984m; it is targeting a total depth of 2,400m. "Drilling operations have progressed smoothly since spudding and remain on track to reach target depth on time and on budget," the companies said.Shabeel North, the second well in the current drilling campaign, is operated by Canadian group Horn Petroleum which owns a 60% interest. Range and Red Emperor have a 20% stake each. The well is targeting Upper Cretaceous Jesomma sands which had "good" oil and gas shows in the first well, Shabeel-1, 3.5km south of the current well.Red Emperor's shares fell 2.82% in early trading, while Range Resources dropped 3.27%.BC
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Range Resources tumbles as Trinidad update disappoints

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7 Aug 2015 07:09

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31 Jul 2015 09:05

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DIRECTOR DEALINGS SUMMARY: New MySale Chairman Buys 60,000 Shares

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27 Jul 2015 16:15

CORRECT: Range Resources Gets Approvals For Beijing Sibo Funding (ALLISS)

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27 Jul 2015 10:53

Range Resources gets green light for Chinese funding deal

(ShareCast News) - Explorer Range Resources has received regulatory approval for a $30m funding deal with Beijing Sibo Investment Management. Shares in the AIM listed stock were down 2.64% to 0.641p at 0850 BST. Sibo said it would subscribe for ordinary shares, giving $22.1 in cash for a subscripti

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27 Jul 2015 09:41

Range Resources Gets Regulatory Approvals For Beijing Sibo Funding (ALLISS)

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14 Jul 2015 10:41

Range Resource's maiden Trinidad well to spud this month

(ShareCast News) - Range Resources is due to spud its Canari North exploration well in the week beginning 27 July. The announcement follows comprehensive regulatory approvals and meetings with partners, contractors, service providers and regulatory agencies involved in the well's operations. The dr

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14 Jul 2015 09:05

Range Resources To Drill First Well In Trinidad Before The End Of July

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8 Jul 2015 08:43

Range Resources Still Considering Response To Lind Repayment Demand

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2 Jul 2015 09:20

Range Resources fails in court bid set aside US$7.2m payment

Oil and gas explorer Range Resources said would consider appealing a court decision which ordered it to repay Lind Asset Management US$7.2m. The company had applied to the Supreme Court of Western Australia to aside the statutory demand orders, but the court said it must pay. The court said it woul

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2 Jul 2015 07:55

Range Resources Says Application Against Lind Repayment Unsuccessful

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