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Resources round-up: Beacon Hill, Range Resources, Leni Oil...

Fri, 09th Mar 2012 12:23

Range Resources has reported further success in the appraisal and development of the North Chapman Ranch Field in Texas, in which Range has a 20-25% interest, with the successful drilling of the Smith 2 and Albrecht 1 wells. Work is being conducted to remove all of the plugs below the upper pay zone and combine the remaining lower pay zones to achieve maximum rate and recovery. Once both wells are online, Range estimates that its net production and cash flow from the project will increase by more than 200% over current levels.Leni Oil & Gas has said that further progress has been made on the A2ST01 well at the Eugene Island Field in the US Gulf of Mexico. A window was successfully milled in the casing and the newly drilled well is now about 500 feet above the anticipated reservoir. The target fault block, the Cranberry Creek prospect, has an estimated mean recoverable reserve of 0.5m barrels of oil. Beacon Hill Resources has said it is close to obtaining a listing on the Australian Securities Exchange. The firm hopes that a dual listing with give it access to a broader capital market base. The company believes the listing will be announced towards the end of March or early April. Sound Oil, an upstream oil and gas company, has reported that the current testing of the Casa Tiberi-1 well in Italy has been successfully concluded. The well flowed as planned at a stabilised rate of 8,000 standard cubic metres per day. The results will now be analysed and reviewed with the authorities.Mining firm New Mineral Resources has said that the estimate for the Tulu Kapi resource in Ehtiopia is 17.97m tonnes at 2.90g per tonne gold, with a total of 1,672,000 ounces of gold. The resource has an inferred resource of 841,000 ounces of gold at 2.79g per tonne of gold. New World Oil and Gas has placed 106.25m shares at 8p per share, raising £8.5m. The firm also confirmed that it is in discussions with potential farm-in partners looking to participate in New World's assets which total 10,507 sq km in the South Permian Basin in Denmark. 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.

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

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

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

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,

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

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

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

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

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

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

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

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

8 Feb 2017 08:20

Range Resources Meets All Conditions Needed To Issue New Loan Note

31 Jan 2017 16:05

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