26 Aug 2015 08:30
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Range Resources Information
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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
More News
24 Aug 2015 08:36
Range Resources finalises drilling schedule for Trinidad project
(ShareCast News) - Oil and gas explorer Range Resources said it has agreed the drilling schedule for the next 22 development and exploration wells in its Trinidad project. The London-listed company said the 22 wells are expected to be drilled by the end of the first three months of next year, althou
Read more7 Aug 2015 08:22
Range Resources tumbles as Trinidad update disappoints
(ShareCast News) - Shares in Range Resources tumbled as an update on its Trinidad operations disappointed investors. The exploration and production company said average production in Trinidad fell by 8% in June and July compared to the last reported production of 620 barrels of oil per day in May as
Read more31 Jul 2015 09:05
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
Read more14 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
Read more2 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
Read more