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Range Resources Ltd (RRL)     

dreamcatcher - 19 Feb 2013 19:28




Range Resources Limited is a dual listed (ASX:RRS; AIM:RRL) Trinidad-focused independent E&P company, with a 100% interest in three onshore production licenses, namely Beach Marcelle, South Quarry and Morne Diablo, as well as additional highly prospective exploration acreage on Guayaguayare license (farm in) and newly awarded St Mary’s licence.The Company is focused on growing its production through waterflood projects, combined with extensive shallow onshore development drilling programme.

The Company has independently assessed Proved reserves (2P) in place of 22.1 MMBO.

Range has further interests in Guatemala; Puntland, Somalia; Colombia; and Georgia.


http://www.rangeresources.co.uk/about.asp

Free counters!

Chart.aspx?Provider=EODIntra&Code=RRL&SiChart.aspx?Provider=EODIntra&Code=RRL&SiChart.aspx?Provider=EODIntra&Code=RRL&Si

dreamcatcher - 12 Mar 2015 16:31 - 348 of 424

Lind Financing Update
RNS
RNS Number : 2765H
Range Resources Limited
12 March 2015



Lind Financing Update



Range advises that further to the Company announcement on 18 February 2015, it has lodged an application with the Supreme Court of Western Australia to set aside the statutory demand from Lind Asset Management, LLC. Range will continue to update the market as appropriate.

skinny - 16 Mar 2015 07:12 - 349 of 424

Half-Yearly Report


Range today releases the half-yearly report for the 6 months ending 31 December 2014, with the following key points:

Corporate:

· New Board and additional management appointed;
· US$60 million equity based financing secured from Core Capital. The transaction is on track to complete on or before 30 April 2015, subject to shareholder approval at the EGM on 27 March 2015;
· US$50 million credit facility arranged for Trinidad waterflood and development programmes (subject to Range paying a security deposit of US$7.5 million);
· Range will fully exploit and develop the potential of the Trinidad assets with the US$110 million total financing package;
· In line with the Company's strategic focus on Trinidad, the Company is looking to rationalise non-core assets of the Company;
· Range agreed to sell its drilling services company in Trinidad which will continue to provide full oilfield operations services to Range. Sale completion is anticipated before the end of March 2015;
· Sale & Purchase Agreement signed for the disposal of non-core Texas assets with completion anticipated before the end of March 2015; and
· Range announced the loan financing agreement of up to US$15 million with Lind Asset Management, LLC (Lind). At present, a total of US$5.5 million under the Lind facility has been drawn down. Subsequent to period end, Range received a statutory demand from Lind demanding repayment of approximately US$7.2 million that Lind alleges is due and payable. Range submitted an application to the Supreme Court of Western Australia to set aside the statutory demand.

Operational:

· The average oil production in Trinidad has decreased by 11% to 545 bopd from 615 bopd in the same period last year. The decrease was mainly a result of lack of drilling activity and poor uptime of the rig fleet, resulting from historical underinvestment, which prevented the Company from running its drilling operations at full capacity;
· Seven development wells were spudded on the Company's Morne Diablo and South Quarry licences. At the date of this announcement, five of those wells were put into production, and two wells to be tested;
· Range continued to make significant progress on the waterflood programmes in Trinidad with LandOcean, with extended waterflooding studies successfully completed;
· Range entered into the second purchase order for the provision of technical services by LandOcean to implement waterflooding plans in Trinidad; and
· Range is finalising proposed exploration programme plans on the Guayaguayare licence, with the first shallow onshore well expected to spud in H1 2015.

Financial:

· Revenues decreased by 34% to US$7.8 million (2013: US$11.8 million), which was due to lower oil production in Trinidad and lower overall oil price. The average realised oil price for the period has decreased by 19% to US$79.2 per barrel (2013: US$97.4 per barrel);

· G&A costs decreased by 13% to US$7.5 million (2013: US$8.6 million), however the management considers these costs to be still too high and is focused on reducing them substantially;

· Range has recognised an impairment charge of US$5 million against its Georgian assets. Range continues to explore options to exit these non-core assets and given the current low oil price environment and the challenging M&A conditions, the management believes that this represents fair value that might be received on any potential disposal;

· The net loss from operations on the assets being sold (Texas and Range Resources Drilling Services Limited) was US$2.5 million; and

· Net loss for the period, therefore, was US$19.9 million (2013: US$19.1 million).

The management remains fully committed on turning the Company around, strengthening the balance sheet, and increasing production and look forward to providing more frequent operational updates to Shareholders. An update on Trinidad operations will be released to the market later this week.

A copy of the full Half-Yearly Report is available on the company's website: www.rangeresources.co.uk.

dreamcatcher - 16 Mar 2015 14:40 - 350 of 424

Range Resources fully committed to turn-around plans

By Jamie Ashcroft

March 16 2015, 9:09am
During the year Range underwent a number of changes, including both board and senior management changes.



Range Resources (LON:RRL) has told investors that its management remains fully committed to turning the company around.

It is working to strengthening the balance sheet and increasing production, the company said.

It said it intends to make to more frequent operational updates for investors in future, with an update of work in Trinidad anticipated later this week.

For now, however, the transitional oil company released its financial result for 2014.

During the year Range underwent a number of changes, including both board and senior management changes.

A funding deal with Chinese investors and other financiers is expected to see a total injection of US$110mln that will allow the company to fully exploit the potential of its assets in Trinidad.

The US$60mln equity element of the funding is said to be on track for completion before April 30, subject to shareholder approval at next month’s EGM.

Range continues its efforts to rationalise non-core assets – it recently agreed to sell its in-house drilling company, and this deal is expected to complete this month. At the same time, it expects to complete the sale of its Texas assets in March as well.

Oil production during 2014 reduced 11% to 545 barrels per day from 615 in 2013. Range said this was due to lack of drilling activity and poor uptime of the rig fleet, a result of historical underi-nvestment.

A total of seven development wells were drilled in 2014, five of which have been brought into production while the other two still await completion.

Range is finalising its plans for an exploration programme for the Guayaguayare licence, and a shallow onshore well is expected to spud in the first half of the current year.

Revenue fell 34% to US$7.8mln as a result of lower production and lower oil prices. At US$79.2 per barrel, Range’s realised oil price for the period was down 19% for the year.

The company cut overheads, with G&A down 13% to US$7.5mln though management believes this is still too high and it is focused on reducing cost substantially.

The company said the business units currently being sold, Texas and Range Resources Drilling Services, had losses of US$2.5mln for the period; it has now recognised a US$5mln impairment against its non-core assets in Georgia.

Net losses for the year totalled US$1.9mln.

skinny - 19 Mar 2015 07:06 - 351 of 424

Trinidad Operational Update

Range is pleased to provide a Trinidad update with the following highlights:

· Production increased by 23% from the previous month;

· Testing on two wells in the South Quarry field is currently ongoing;

· One further well is drilling ahead in the South Quarry field;

· The sale of Range Resources Drilling Services Limited is on track to complete before the end of the month;

· LandOcean has committed to add four new drilling rigs this year to the existing fleet to be available for drilling from Q3 2015;

· Waterflood preparations are progressing, with the first preferred waterflood project now identified on Beach Marcelle field;

· Waterflood studies have been extended to include further blocks;

· In accordance with the revised internal forecast, management believes the production target of 1,000 bopd will now be achieved during Q4 2015.

Development and exploration programmes

Current production in Trinidad reached 645 barrels of oil per day (bopd) from an average of 525 bopd in the previous month.

During the current quarter, the Company has:

· Completed two new development wells (QU 454 and QU 455) in the South Quarry field to depths of 1,440 ft. and 890 ft. respectively, with testing operations currently ongoing;

· Brought three new development wells in the Morne Diablo field into production (these wells were drilled in the previous quarter), including the QUN 157 well, which is currently flowing at a stabilised rate of 105 bopd on a restricted 5/32" choke from an average perforated depth of 1,300 ft.;

· The QU 456 well spudded and is drilling ahead in the South Quarry field to a target depth of 2,000 ft.;

· Spudding of the first shallow onshore exploration well on the Guayaguayare licence has been postponed to Q2 2015; and

· Range and its strategic partner LandOcean Energy Services Co., Ltd (LandOcean) are progressing with geological and geophysical studies which are aimed at improving operational efficiency, and sub-surface evaluation, in order to reduce risk and increase reward. These studies resulted in a revision of the previous development and exploration drilling programmes. The refined 2015 / 2016 work programme is being finalised and will be announced in the coming weeks.


more....

dreamcatcher - 24 Mar 2015 16:43 - 352 of 424

Please Note - Streaming News is only available to subscribers to the Active Level and above



Completion of Texas Sale
RNS
RNS Number : 2959I
Range Resources Limited
24 March 2015



Completion of Texas Sale



Range is pleased to announce that further to the Company's previous announcements, the sale of its Texas assets to Citation Resources Limited (Citation) has completed.



As part of the sales proceeds Range has received a AU$500,000 cash payment, a carry on the Guatemalan assets to the value of AU$830,000, a forgiveness on monies owed by Range to Citation to the value of AU$189,000 and 200 million new ordinary shares in Citation.



Range also has the right to appoint one Director to the Board of Citation, provided that Range holds a minimum of 100 million Citation shares. Range has not appointed any Director at this time but will keep this option under review.


skinny - 09 Apr 2015 07:08 - 353 of 424

Investor Q&A

In response to a number of shareholder requests, the Company is pleased to provide its ongoing monthly investor Q&A addressing questions from shareholders, which can be accessed at:

http://www.rangeresources.co.uk/framework/documents/displaydocument.asp?doc=1321

No material new financial or operational information will be included in these sessions.

HARRYCAT - 28 Apr 2015 08:21 - 354 of 424

US$60M Financing Update
Range advises that further to the Company's announcement on 1 April 2015, Range has been advised by Core Capital Management Co., Ltd (Core Capital) that it has not yet received all necessary regulatory and government approvals to complete the funding. Under the terms of the funding agreements, completion should occur by 30 April 2015, subject to satisfaction of this remaining condition precedent.

Range is disappointed that the completion has not occurred to date, but has agreed with Core Capital to extend the completion date to 14 May 2015 to enable Core Capital to progress with the receipt of the approvals.

Range continues to closely monitor the progress with Core Capital and will provide a further market update in due course.

HARRYCAT - 29 Apr 2015 08:19 - 355 of 424

Georgia Project Update
Range provides the market with the following update in respect of its interest in the Georgian project.

The Ministry of Energy of Georgia has formally notified the Operator of the Georgian project, Strait Oil & Gas ("SOG": in which Range holds a 45% interest) that the Production Sharing Contract ("PSC") over Block VIb has been terminated. The Ministry cites the non-performance of obligations, specifically the requirement to drill a well in accordance with the stipulated procedure. The penalty to be imposed on SOG by the Ministry is US$1 million, payable immediately.

Range has been a supportive investor in SOG and the Georgia project since 2009 and has invested approximately US$40 million into the project, which is significantly in excess of the original expectation of cost to this point.

As announced on 14 April 2015, subject to all the conditions of the various agreements between the shareholders of SOG which were entered into during 2011 being satisfied, Range would have been required to fund the costs of the second exploration well. However, Range believes that SOG has failed to comply with material terms of the agreements and has notified SOG of a dispute. Range expressly reserves all its legal rights under the agreements.

As previously announced, Georgia is a non-core asset for Range and the Company continues to explore potential disposal options for its interest. However, whilst pursuing a disposal Range will work with the other shareholders of SOG in a constructive manner to achieve a satisfactory outcome for all the parties.

This notification is solely in respect of Block VIb and does not affect the validity of Block VIa.

skinny - 29 Apr 2015 08:23 - 356 of 424

Hmmm.

dreamcatcher - 30 Apr 2015 12:18 - 357 of 424

Range Resources aims to get shares trading again after financing deal

By Andrew Neil

April 30 2015, 10:31am
Trading in Range shares has been suspended, on the AIM and ASX exchanges, since 11 December.
Trading in Range shares has been suspended, on the AIM and ASX exchanges, since 11 December.


Range Resources (LON:RRL) said it is committed to getting its shares back to the trading floor once it wraps up a financing deal with Chinese investor Core Capital.

Trading in Range shares has been suspended on the AIM and ASX exchanges since 11 December, following the departure of the prior management team and the arrangement the alternative financing.

The Trinidad-focused oil firm told investors on Tuesday that it had agreed with Core Capital to extend the completion date of the US$60mln package to 14 May.

Today, in a quarterly update on its activities, Range confirmed that once the proceeds from the Core Capital funding have been received, it will seek approval from ASX and AIM to resume trading of the company's shares."

During the quarter, Range completed the sale of its assets in Texas to Citation Resources, receiving AU$500,000 in cash and 200mln new Citation shares in the process.

In Trinidad, three new development wells were drilled in the South Quarry field, with one well brought into production and completion operations ongoing on two other wells.

It also brought three new development wells in the Morne Diablo field into production.

Overall - from January to March - Range produced 557bopd in Trinidad, a 6% rise on the previous quarter.

Meanwhile, waterflood preparations are progressing, with the first target to be treated now identified at Beach Marcelle.

Management believes the production target of 1,000 bopd will now be achieved during the fourth quarter of 2015.

dreamcatcher - 01 May 2015 17:24 - 358 of 424

Completion of Drilling Services Sale
RNS
RNS Number : 0809M
Range Resources Limited
01 May 2015



Completion of Range Resources Drilling Services Limited Sale



Further to the Company's announcement on 13 April 2015, Range is pleased to advise that the sale of Range Resources Drilling Services Limited (RRDSL) to LandOcean Energy Services Co. Ltd., (LandOcean) has completed.

In accordance with the Sale & Purchase Agreement, Range has received the remaining sale proceeds of US$2.07 million (total received US$4.37 million). Additionally, at the date of completion RRDSL owes Range approximately TT$10 million (US$1.6 million), which is inclusive of a US$0.5 million dividend payment declared by RRDSL and payable to Range. This receivable will be offset against future invoices in respect of drilling services.

As previously announced, RRDSL will continue to provide full oilfield operations services to Range in Trinidad. Range and LandOcean have finalised the Trinidad Drilling Contract agreement, as an extension of the Integrated Master Services Agreement (signed in May 2014) with services to be provided on a turnkey basis and priced in line with market rates in Trinidad, to be reviewed periodically by both parties.

Range is pleased to advise that within the drilling contract LandOcean has agreed to provide extended credit terms of 12 months on drilling related invoices payable to RRDSL. This will ensure that Range is able to accelerate its planned exploration and development programmes in Trinidad, which is critical to grow production. Interest will be payable by Range on any third party costs contained within the invoices at the rate of 10% per annum (being the rate stipulated in the Integrated Master Services Agreement signed in May 2014).

Range and LandOcean have finalised the first 13 development and exploration wells to be drilled in Trinidad this year, with full details to be provided in the Company's operations update in May.

LandOcean has also committed to add four new drilling rigs to the existing fleet this year. The new drilling rig schedule has been amended to provide greater capabilities for Range and RRDSL. The first new drilling rig is now scheduled to arrive in Trinidad in June 2015 and is expected to be available for drilling from August 2015, subject to necessary approvals. The rig has been substituted for a larger rig with drilling capability of 13,000 ft. (4,000 m), instead of 9,800 ft. (3,000 m) as originally planned. This large drilling rig will add significant capability to Range's operations as it will be utilised to drill deeper, previously inaccessible exploration targets on the Company's licences in Trinidad. The other three drilling rigs are expected to arrive in Trinidad during the second half of 2015.

skinny - 13 May 2015 07:10 - 359 of 424

Trinidad Development and Exploration Update

Range is pleased to provide a Trinidad update with the following highlights:

· Average production in Trinidad in May reached 650 barrels of oil per day (bopd) from an average of 617 bopd in the previous month;

· The work programme on the first 13 development and exploration wells to be drilled this year has been finalised;

· Range and LandOcean are also finalising 9 additional development and exploration wells to be drilled as part of the 2015 / 2016 work programme;

· Funding for these wells is available under the extended 12 month credit facility with LandOcean which has enabled Range to commence its exploration and development programmes. In addition, Range is in discussions with Sinosure and LandOcean to finalise the previously announced US$50 million trade financing package;

· All necessary approvals have been received on the first three wells, including an exploration well on the Guayaguayare licence (the Canari North well) and preparations are underway to spud these wells during the current quarter;

· During the current quarter to date, the Company has:

o Initiated testing operations on the QU 454ST development well located in the South Quarry field. This well was drilled to a target depth of 2,000 ft. in the previous quarter. The well encountered potential oil bearing sands in three zones and is currently being tested from the lowest zone;

o Brought into production the QU 455 development well, located in the South Quarry field. This well was drilled to a target depth of 890 ft. in the previous quarter. The well is scheduled for optimisation in the short term; and

o Waiting to perforate the QU 456 development well, located in the South Quarry field, subject to relevant government approvals. This well was drilled to 2,002 ft. in the previous quarter.


more....

skinny - 14 May 2015 13:04 - 360 of 424

Financing Update

Following the Company's announcement on 28 April 2015, Range has been actively engaged with Core Capital Management Co., Ltd (Core Capital) to complete the US$60 million funding. Range regrets to advise that the funding with Core Capital has not completed by the previously agreed deadline of 14 May 2015 and therefore the proposed funding has been terminated. The Directors are very disappointed that Core Capital has not been able to complete the transaction and will consider appropriate action in conjunction with its legal advisers.

more ...blah blah blah

dreamcatcher - 14 May 2015 14:10 - 361 of 424

blah blah blah :-))

skinny - 19 May 2015 07:59 - 362 of 424

Letter from the Chairman and Investor Q&A

The Company advises that it has published a Letter from the Chairman to Shareholders and its ongoing investor Q&A addressing questions from shareholders, which can be accessed at:

http://www.rangeresources.co.uk/framework/documents/displaydocument.asp?doc=1332

No material new financial or operational information will be included in these publications.

dreamcatcher - 21 May 2015 20:06 - 363 of 424

Range Resources finalises work plans for highly prospective St Mary block

By Jamie Ashcroft

May 21 2015, 8:04am

A four well drill programme has to be completed by the end of 2018


Range Resources (LON:RRL) told investors that work programmes and budgets have been finalised for the St Mary’s block, onshore Trinidad.

The asset is described by Range as highly prospective and it spans 181 square kilometres contiguous with the company’s Morne Diablo and Guayaguayare licenses.

A four well drill programme has been committed to, though it doesn’t have to be completed until the end of 2018. Within that deadline Range will also have to shoot both 2D and 3D seismic, and it will also have to complete various technical studies.

Before that, Range will this year audit the existing wells and infrastructure across the field. It will also aim to start an electromagnetic survey and it will prepare environment permitting for the future drill programme.

It will also, this year, begin the tender processes for a rig, equipment and other oilfield services.

Range owns an 80% interest in St Mary’s though state oil firm Petrotrin is ‘carried’ for its 20% stake.

The work programmes detailed today are entirely separate from Range Resources’ planned development drilling in Trinidad, which is being funded by contractor LandOcean and is due to take place this year.

skinny - 26 May 2015 07:05 - 364 of 424

Range signs conditional MOU for up to US$35 million funding

Proposed terms of funding:

Pursuant to the MOU, it is envisaged that under the subscription agreement:

· Sibo will provide the full proceeds of a minimum of US$20 million and up to US$35 million in cash upon signing of the subscription agreement at a subscription price of £0.008 per Share;
· The Shares will be issued in two Tranches:
o Tranche 1 - Range will issue approximately 550 million Shares (representing a value of GB£4.4 million) upon signing of the subscription agreement;
o Tranche 2 - Range will issue the remaining Shares to Sibo for the remaining amount of the investment at the subscription price of £0.008 per Share, subject to requisite shareholder and regulatory approvals being obtained by Range. Range will use reasonable endeavours to ensure this is completed by 30 November 2015. Shareholders will be provided with further details in the meeting documentation for a shareholder meeting to approve Tranche 2 of the transaction in due course;
· Funding is subject to Sibo obtaining requisite government approvals, and, in respect of Tranche 2 of the fundraising, is subject to Range's shareholder and regulatory approvals;
· Upon completion of the initial GB£4.4 million investment, it is expected that Sibo will hold approximately 9.7% of the enlarged share capital of the Company. The final number of Shares to be issued as part of the total investment will be determined upon signing of the subscription agreement. However, based on today's exchange rate, and assuming the maximum amount of the investment is provided and shareholder and regulatory approvals obtained, Sibo would hold approximately 36% of the enlarged share capital of the Company; and
· Once the full proceeds have been received, Sibo may nominate two persons to be appointed as non-executive directors of the Company. These nominee directors will be eligible for re-election at the next Annual General Meeting of the Company.

dreamcatcher - 01 Jun 2015 16:54 - 365 of 424

Trinidad Development Update
RNS
RNS Number : 7296O
Range Resources Limited
31 May 2015

Trinidad Development Update

Range provides the following update with respect to its development programme in Trinidad.

Production overview

The average production in Trinidad in May was 620 barrels of oil per day (bopd).

For the first time in Range's history and despite the challenging oil price environment, the Company has positive operating cashflows across the Group at current levels of production following the sale of the drilling business.

Range strives to be a low cost operator and at a WTI price of US$60 / barrel, the Company is cashflow positive at and above a 510 bopd production level (this figure is before any exploration and development capital expenditure).

Drilling operations

Following the announcement on 13 May 2015, Range has completed drilling the QUN 158 well located on the north flank of the Southern Range anticline on the Morne Diablo field. The QUN 158 well is the first development well of the first 13 development and exploration wells to be drilled this year.

The well was spudded on 15 May 2015 and took 11 days to drill to a target depth of 2,000 ft. The well was drilled by drilling services contractor, Range Resources Drilling Services Limited (RRDSL), using drilling Rig 6.

The QUN 158 well was targeting the relatively under-explored Lower Forest 3 sands, which flowed at a stabilised production rate of 120 bopd in the previously drilled QUN 157 well, located 200 ft. to the South East. The well was also testing a less-explored Upper Cruse formation, which is well-developed in the nearby QUN 120 and QUN 128 wells. During the drilling, the well has encountered good shows of oil and gas from both the Lower Forest and Upper Cruse formations.

However, Range was advised by RRDSL on 26 May 2015 that during drilling operations, as Rig 6 was in the process of pulling out of the hole to log the well, an incident occurred at the area of the mud tank. As a result, all operations on the rig and the QUN 158 well were ceased. Despite no damage being caused to personnel or the drilling rig, operations will not resume until further investigations are undertaken by the authorities. Range estimates these investigations will take a minimum of one month.

Other field operations have not been affected by this incident and they continue as normal. Preparations on the upcoming Canari North exploration well onshore Trinidad are also progressing as planned ahead of an anticipated spud date in June 2015 (as announced on 21 May 2015). This well will be drilled by RRDSL using drilling Rig 8. Range will update the market on commencement of operations.

Of the first 13 development and exploration wells to be drilled this year, 8 wells were planned to be drilled using Rig 6, including the second planned development well in the programme, the MD 249 well. Range is in discussions with its strategic partner LandOcean Energy Services Co., Ltd (LandOcean) with regards to minimising the impact of the rig incident on the planned drilling schedule and will provide further details to the market in due course. The Company believes that the previously announced production target of 1,000 bopd expected to be achieved in Q4 2015 will not be affected.

Having received all necessary approvals to proceed with the first three wells in the programme (the QUN 158, MD 249, and Canari North wells), Range is continuing the process of preparing the final documents for drilling approvals on the remaining 10 wells, which are expected to be submitted in early June. In addition, Range and LandOcean are finalising 9 further development and exploration wells to be drilled as part of the 2015 / 2016 work programme, the details of which the Company expects to announce in due course.

Despite being disappointed by the recent incident, Range management believes it further highlights the importance of the four new drilling rigs to be added to the fleet by LandOcean this year, as these new rigs will be crucial to improving capabilities and limiting the downtime of Range's development and exploration operations. The first new drilling rig is scheduled to arrive in Trinidad in July 2015 and is anticipated to be available for drilling from September 2015, subject to necessary approvals. This large drilling rig with a drilling capability of 13,000 ft. (4,000 m) will be utilised to drill deeper, previously inaccessible exploration targets on the Company's licences in Trinidad. The other three drilling rigs are expected to arrive in Trinidad during the second half of 2015.

In addition, Range provides the following update on the previously drilled South Quarry development wells:

· The QU 454ST well encountered potential oil bearing sands in three zones and is currently being tested from the lowest zone, which is expected to be completed by the end of June;

· The QU 455 well is scheduled for optimisation in June; and

· The QU 456 well has been perforated and testing operations are expected to be completed in June.



Electromagnetic Surveying (Stratagem)

The Company has commenced Electromagnetic Surveying in the Morne Diablo and South Quarry fields. This technology will be used to image shallow resistive bodies and identify possible oil reservoirs at depths of 1,000 ft. or less, thus reducing exploration and development risks at a relatively low cost with minimal environmental impact.



Qualified Person's Statement

In accordance with AIM Rules, Guidance for Mining and Oil & Gas Companies, the information contained in this announcement has been reviewed and signed off by Dr Douglas Field. Dr Field is a petroleum and reservoir engineer who is a suitably qualified person with over 30 years' experience in assessing hydrocarbon reserves, and holds a PhD in Organic Chemistry.



dreamcatcher - 05 Jun 2015 15:20 - 366 of 424

Completion of funding and issue of shares

dreamcatcher - 05 Jun 2015 15:22 - 367 of 424

Not many shares issued then. Range has now 5,767,169,188. Near on 6 billion shares.
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