9 Nov 2015 09:02
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Don't have an account? Click here to register.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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2 Nov 2015 11:03
Range Resources says production target in Trinidad won't be met until 2016
(ShareCast News) - Oil and gas explorer group Range Resources warned it will not meet its production target at its Trinidad operations until early next year. Earlier this year, the London - listed said it expected annual production from the Trinidad wells to be 1,000 barrels of oil per day, although
Read more2 Nov 2015 10:44
1 Oct 2015 10:21
Range Resources names new non-exec director
(ShareCast News) - Oil and gas exploration group Range Resources has appointed Yu Wang to the board of non-executive directors. Wang is the nominee of Beijing Sibo Investment Management, which earned the right to appoint up to three non-executive directors, after investing $30m in the London-listed
Read more24 Sep 2015 10:12
7 Sep 2015 12:19
Range Resources gets drilling underway in first Trinidad well
(ShareCast News) - Oil and gas explorer Range Resources said the first development well in its Trinidad project spudded last week and drilling was now underway. The London-listed company said over the next three weeks the MD 42N will be drilled to a total depth of 3,120 feet, adding it expects to re
Read more2 Sep 2015 10:54
Range Resources jumps on Trinidad project update
(ShareCast News) - Oil explorer Range Resources shares jumped on news that the first of four new drilling rigs has arrived in Trinidad. The rig, the largest to be added to the Range Resources Drilling Services drilling fleet in 2015, has a 4,000m drilling capacity and is expected to be available
Read more26 Aug 2015 16:08
London close: Stocks drop as investors dwell on China slowdown
(ShareCast News) - UK equities dropped on Wednesday as China's economic slowdown continued to weigh on investors' minds. The People's Bank of China on Wednesday said it would pump 140 billion yuan into the financial system through a short-term liquidity adjustment operation. The SLO loans, introduce
Read more26 Aug 2015 10:36
Range Resources plunges despite receiving payment deadline extension
(ShareCast News) - Shares in Range Resources plunged over 8% early on Wednesday, after the oil and gas explorer said the deadline related to its payment to Lind Asset Management had been extended. The London-listed company has made a $5m payment to Lind, which has made a $7.22m statutory demand afte
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