26 Aug 2015 08:30
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Don't have an account? Click here to register.Range Resources shares lift off after oil discovery
Wed, 20th Feb 2013 08:55
Shares in dual-listed oil and gas exploration company Range Resources rose sharply on Wednesday morning after the company reported that probable reserves of 2.3m barrels of oil had been independently estimated at its Atzam site in Guatamala.Range Resources reported that Citation Resources, a company in which Range Resuorces has a 19.9% stake, and Latin American Resources had commissioned an independent reserves report based on the results of logging and analytical work conducted by Schlumberger. The report, which was written by Ralph E Davis and Associates (RED), concluded that there was up to 20 material oil shows in the Atzam well, with eight zones recommended by RED to be tested for commerciality.The probable reserves estimate excluded contributions from two areas, known as the C18 and C19 sections, due to minimal log data.Range Resources predicted estimated flow rates of 300-to-400 barrels per day with an 85-to-90% oil cut from the Lower C17 and Upper C18 sections. The company's share price was up 21.04% to 5.81p at 09:09 on Wednesday.MF
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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
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