Range Resources revises Trinidad programme
22nd Feb 2016 09:01
(ShareCast News) - Low oil prices forced Range Resources to reevaluate its work in Trinidad and Tobago on Monday, with the company focusing its attention on waterflood projects in the country. The AIM-listed company said it had the most active onshore work programme among independents in Trinidad fo
Read moreRange Resources continues development despite low oil prices
27th Jan 2016 09:01
(ShareCast News) - Range Resources was pressing ahead with development at its Trinidad sites, despite the low oil price environment causing serious uncertainty. The AIM-traded resources firm saw its oil and gas production decrease by 5% from the previous quarter, to 547 barrels per day. It blamed t
Read moreRange Resources spuds third well in Trinidad
3rd Dec 2015 09:34
(ShareCast News) - Range Resources said it has spudded the third development well of a 22 well programme in Trinidad and has now received government and regulatory approvals for its Morne Diablo waterflood expansion programme. The company said it is drilling ahead to a total depth of 2,000 ft on the
Read moreRange Resources completes well on Trinidad site ahead of schedule
20th Nov 2015 09:32
(ShareCast News) - Exploration and production group Range Resources said work on GY 180SE, the second well at its Trinidad project, has been completed ahead of schedule. In a short statement released on Friday, the London-listed company said oil shows and hydrocarbon sands were encountered at the Mi
Read moreRange Resources gets drilling operation underway in Trinidad
9th Nov 2015 12:26
(ShareCast News) - Oil and gas explorer Range Resources has begun drilling its second exploration well in Trinidad, which will be drilled deeper than originally planned. The London-listed company said GY 180SE, the second of its 22-well programme was spudded on 4 November after the company incurred
Read moreRange Resources says production target in Trinidad won't be met until 2016
2nd Nov 2015 11:03
(ShareCast News) - Oil and gas explorer group Range Resources warned it will not meet its production target at its Trinidad operations until early next year. Earlier this year, the London - listed said it expected annual production from the Trinidad wells to be 1,000 barrels of oil per day, although
Read moreRange Resources names new non-exec director
1st Oct 2015 10:21
(ShareCast News) - Oil and gas exploration group Range Resources has appointed Yu Wang to the board of non-executive directors. Wang is the nominee of Beijing Sibo Investment Management, which earned the right to appoint up to three non-executive directors, after investing $30m in the London-listed
Read moreRange Resources gets drilling underway in first Trinidad well
7th Sep 2015 12:19
(ShareCast News) - Oil and gas explorer Range Resources said the first development well in its Trinidad project spudded last week and drilling was now underway. The London-listed company said over the next three weeks the MD 42N will be drilled to a total depth of 3,120 feet, adding it expects to re
Read moreRange Resources jumps on Trinidad project update
2nd Sep 2015 10:54
(ShareCast News) - Oil explorer Range Resources shares jumped on news that the first of four new drilling rigs has arrived in Trinidad. The rig, the largest to be added to the Range Resources Drilling Services drilling fleet in 2015, has a 4,000m drilling capacity and is expected to be available
Read moreLondon close: Stocks drop as investors dwell on China slowdown
26th Aug 2015 16:08
(ShareCast News) - UK equities dropped on Wednesday as China's economic slowdown continued to weigh on investors' minds. The People's Bank of China on Wednesday said it would pump 140 billion yuan into the financial system through a short-term liquidity adjustment operation. The SLO loans, introduce
Read moreRange Resources plunges despite receiving payment deadline extension
26th Aug 2015 10:36
(ShareCast News) - Shares in Range Resources plunged over 8% early on Wednesday, after the oil and gas explorer said the deadline related to its payment to Lind Asset Management had been extended. The London-listed company has made a $5m payment to Lind, which has made a $7.22m statutory demand afte
Read moreRange Resources finalises drilling schedule for Trinidad project
24th Aug 2015 08:36
(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 moreRange Resources tumbles as Trinidad update disappoints
7th Aug 2015 08:22
(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 moreRange Resources gets green light for Chinese funding deal
27th Jul 2015 10:53
(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 moreRange Resource's maiden Trinidad well to spud this month
14th Jul 2015 10:41
(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
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