13 Apr 2016 07:40
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Don't have an account? Click here to register.Range Resources gains on promising results of oil well in Guatemala
Wed, 13th Feb 2013 09:39
Range Resources shares soared after the oil company reported encouraging results from its Atzam 4 well in Guatemala on Wednesday.Shares jumped 10.83% to 3.99p as the group said it recovered high quality oil from the well. Latin American Resources, operator of the Atzam Oil Project in Guatemala, has continued swabbing the well to recover the drilling and perforation fluids and establish the commercial potential of the perforated Lower C17/Upper C18 carbonates.Flow rates of 300 to 400 barrels per day were estimated with an 85% to 90% oil cut, based on results to date.Approximately 50% of the total drilling and perforation fluids used in the operations have been recovered."The operator is now arranging to use an Electrical Submersible Pump (ESP) to help fast track the finalisation of the clean-up operations and establish the commercial potential of these perforated zones," Executive Director of Range Resources, Peter Landau, said.The ESP will be sourced from the US and is expected to be operational in two to three weeks.The recovery of high quality oil from swabbing of the perforated Upper C18 sections is considered promising by the operator for the potential of this section, Landau added. RD
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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
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