Range Resources Limited Trinidad drilling programme update (9313O)
November 11 2016 - 1:00AM
UK Regulatory
TIDMRRL
RNS Number : 9313O
Range Resources Limited
11 November 2016
Trinidad drilling programme update
Range is pleased to advise that the QUN 158R (renamed QUN 160)
development well in Trinidad successfully spudded on 9 November
2016. The well is located in the Morne Diablo field and is drilling
ahead to a total depth of 2,600 feet, expected to take
approximately 3 weeks to reach target depth.
The QUN 160 well is the fourth development well drilled by Range
in Trinidad this year. The well is a re-drill of the previously
drilled QUN 158 well, targeting the same Upper Cruse and Lower
Forest sands. The well is being drilled by RRDSL* using the 1,000
metre rig, which has been granted all necessary regulatory and
government approvals in November 2016.
The GY218 SE well located in the Beach Marcelle field is the
last well from the five-well campaign to be drilled this year. The
well will be drilled by RRDSL using the 2,000 meter rig, which is
currently being prepared for regulatory and government approval.
The well location has been completed and the rig is already rigged
up on location. The well is expected to spud by early December
2016.
*RRDSL is a wholly owned subsidiary of LandOcean Energy Services
Co., Ltd.
Competent Person statement
In accordance with AIM Rules, Guidance for Mining and Oil &
Gas Companies, the information contained in this announcement has
been reviewed and approved by Mr Lijun Xiu. Mr Xiu is a suitably
qualified person with over 30 years' experience in assessing
hydrocarbon reserves, and holds a Bachelor degree in Geological
Prospecting. In addition, he holds a number of professional titles,
including Reserves Evaluation Specialist from the Ministry of Land
and Resources of the People's Republic of China. Mr Xiu is a member
of the SPE (Society of Petroleum Engineers). Mr Xiu holds a role of
a Vice President of Operations and Production with the Company.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via Regulatory Information Service
("RIS"), this inside information is now considered to be in the
public domain.
Contact details
Cantor Fitzgerald Europe
Range Resources Limited (Nominated Advisor and
Evgenia Bezruchko (Group Corporate Broker)
Development Manager) David Porter / Sarah Wharry
e. admin@rangeresources.co.uk (Corporate Finance)
t. +44 (0)20 7520 9486 David Banks (Corporate
Broking)
t. +44 (0)20 7894 7000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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