Range Resources Limited Drilling rigs sale update (5113U)
November 25 2019 - 3:20AM
UK Regulatory
TIDMRRL
RNS Number : 5113U
Range Resources Limited
25 November 2019
Range Resources Limited
('Range' or 'the Company')
25 November 2019
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.
DRILLING RIGS SALE UPDATE
Range, an international company with oil and gas projects and
oilfield service businesses in Trinidad and Indonesia, provides an
update in relation to the sale of four drilling rigs and related
equipment of its subsidiary Range Resources Drilling Services
Limited ("RRDSL"), as announced on 23 October 2019.
The buyer has undertaken a final inspection of the rigs on 22
November 2019. The Company is now awaiting the payment of the
agreed cash consideration from the buyer of US$3.6 million plus
late fees calculated at US$3,600 per day imposed from 23 November
until closing occurs. The closing date has been extended to 10
December 2019. The Company will provide a further update upon
closing.
Contact details
Cantor Fitzgerald Europe (Nominated
Range Resources Limited Adviser and Broker)
Evgenia Bezruchko (Group Corporate David Porter / Rick Thompson (Corporate
Development Manager & Joint Company Finance)
Secretary) t. +44 (0)20 7894 7000
e. admin@rangeresources.co.uk
t. +44 (0)20 3865 8430
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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