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Range Resources rises after successful drilling beats targets

Fri, 09th Dec 2011 12:56

Oil company Range Resources has successfully completed the drilling of the step out QUN 116 well where it encountered around 66 feet of net pay zone. The well initially flowed at a rate of 50 barrels of oil per day (bopd), exceeding the company's targeted rates of 15-30 bopd. "This is especially encouraging given this was achieved under natural flowas opposed to under pump," the firm said. The rig has now moved onto well location QUN 118, which is currently drilling with a total depth of 950 feet.Rig 2 has reached the extended target depth on the QUN 117 well of 2,400 ft, with good oil sands and oil shows encountered between 560-830 feet and 2220-2300 feet. The initial results from this well look to have confirmed the predictions that the current well program would extend the existing fields, the firm added. A production rig has been moved onto the location for production flow testing with early indications exceeding the company's expectation on the 2,000ft wells (50-100 bopd target). The share price rose 4.94% to 8.5p by 13:04.NR
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16 Aug 2018 15:35

Range Resources begins sales facilities upgrade at Beach Marcelle

(Sharecast News) - International oil and gas company Range Resources updated the market on its Trinidad operations on Thursday, reporting that it has commenced the sales facilities upgrade as part of its ongoing infrastructure modernisation activities at the Beach Marcelle field.

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16 Aug 2018 11:59

Range Resources To Upgrade Sales Facilities At Beach Marcelle Field

LONDON (Alliance News) - Range Resources Ltd said Thursday that it will upgrade sales facilities at the Beach Marcelle field in Trinidad to accommodate production growth at the field.The it

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6 Aug 2018 11:47

Range Resources To Provide Drilling Rig For Touchstone Exploration

LONDON (Alliance News) - Oil & gas company Range Resources Ltd on Monday said its subsidiary secured a contract with a subsidiary of Touchstone Exploration Inc.Under the deal, Range Ltd

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26 Jul 2018 12:37

Range Resources To Raise GBP1 Million In Discounted Subscription (ALLISS)

LONDON (Alliance News) - Range Resources Ltd said Thursday it intends to raise GBP1.0 million through a discounted share subscription to fund upgrades at its operations.Range will issue at

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6 Jul 2018 10:48

WINNERS & LOSERS SUMMARY: Inmarsat Falls After Rejecting EchoStar Bid

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------ITV,

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6 Jul 2018 10:09

Range Resources Shares Rise As Reopened Well Starts Producing Oil

LONDON (Alliance News) - Range Resources Ltd on Friday said that its recently reopened POG-D well at Perlak field, Indonesia, is now producing oil.Shares in Range Resources were up 14% at a

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29 May 2018 10:23

Range Resources Starts Drilling At Perlak Field In Indonesia

LONDON (Alliance News) - Range Resources Ltd said Monday it commenced operations in the Perlak field in Indonesia, where it expects production to reach 200 barrels of oil per day.In an on a

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24 May 2018 12:40

Range Resources Exceeds Daily Production Target In Trinidad

LONDON (Alliance News) - Range Resources Ltd said Thursday it exceeded its target with average production over the past week of 820 barrels of oil per day.Range Resources shares were 14% at

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25 Apr 2018 18:28

Range Resources Notes Perlak Oilfield Incident Due To Illegal Drilling

LONDON (Alliance News) - Range Resources Ltd said on Wednesday it has been noted of an incident at the Perlak Oilfield in Indonesia, which has caused a blowout and a fire leading to multiple and a

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24 Apr 2018 11:13

Range Resources Third-Quarter Production Rises Despite Storage Issues

LONDON (Alliance News) - Oil and gas company Range Resources Ltd said on Monday it has set its production target for calendar 2018 following increased production in the third quarter of its the to

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22 Mar 2018 12:55

Range Resources Gets Work Programme, Budget Approval In Indonesia

LONDON (Alliance News) - Range Resources Ltd said on Thursday it has agreed a work programme and budget with Indonesia's state-owned oil and gas for a

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16 Mar 2018 12:18

Range Resources Interim Loss Narrows On Higher Production

LONDON (Alliance News) - Oil and gas company Range Resources Ltd said on Friday it saw a rise in production for the first half of its financial year, with lower expenses to a

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8 Feb 2017 14:14

Range Resources confirms $30m convertible note financing

(ShareCast News) - Shares in Range Resources are up almost 9% as it confirmed all conditions for a $30m convertible note financing have been met. This followed shareholder approval at a general meeting on Tuesday. The convertible note was to replace a portion of the outstanding payable balance due

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8 Feb 2017 08:20

Range Resources Meets All Conditions Needed To Issue New Loan Note

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31 Jan 2017 16:05

UK Shareholder Meetings Calendar - Next 7 Days

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