TIDMRRL

RNS Number : 5641Q

Range Resources Limited

13 September 2017

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.

NEW WELL SPUDS IN TRINIDAD

Range is pleased to advise that the QUN 161 development well in Trinidad successfully spudded on 9 September 2017.

The well is drilling ahead to a total depth of 2,200 feet, expected to take approximately two weeks to reach target depth. It is located at the Morne Diablo field and is targeting the Lower Forest and Upper Cruse horizons.

The well is being drilled by RRDSL, an established oilfield services provider which Range is in the process of acquiring. The well is being drilled using rig 18 (with a drilling capability of 1,500 metres). Rig 18 is one of the newer rigs in the drilling fleet and has already been used to safely and successfully drill 3 wells onshore Trinidad to date.

The Company will provide further updates in due course.

 
  Contact details 
                                        Cantor Fitzgerald Europe 
   Range Resources Limited               (Nominated Advisor and 
   Evgenia Bezruchko (Group Corporate    Broker) 
   Development Manager)                  David Porter / Sarah 
   e. admin@rangeresources.co.uk         Wharry (Corporate Finance) 
   t. +44 (0)20 3865 8430 
                                         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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September 13, 2017 02:00 ET (06:00 GMT)

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