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

trends-and-targets/trends-and-targets

Puntland Update

New Drilling Rigs Update

Lind Financing Update

Following the Company's announcement on 2 July 2015 relating to the Lind Asset Management, LLC financing, Range advises that the Supreme Court of Western Australia has made orders in respect of the deadline for payment of the statutory demand for an amount of US$7.225 million.

If no appeal is lodged by Range, the deadline for payment is 24 July 2015. If an appeal is lodged by Range, the deadline for payment would be 31 July 2015, or until further order of the Court.

Range is considering the court decision with its legal advisers, including a proposed appeal of the decision and will update the market upon further developments. In the event of an appeal the Company will seek a further extension of time to pay the demand pending the appeal hearing.

StockMarketWire.com
Range Resources said the Canari North exploration well, Trinidad, is expected to spud during the week beginning July 27, following the required regulatory approvals, drilling the well on paper (DWOP) meeting and pre-spud meeting with partners, contractors, service providers and regulatory agencies associated with the well.

The Canari North well will be the first exploration well to be drilled by Range in Trinidad, and any success with the well is expected to de-risk the Moruga sub-basin and could result in material potential upside in the Guayaguayare block with multiple follow-on prospects and leads to be tested by further exploration drilling in 2015 / 2016.

Quarterly Activities Report For the Period Ended 30 June 2015

Highlights
· Average oil production of 602 bopd in Trinidad increased by 8% from the previous quarter;
· Preparation work continued with good progress for the drilling of the Canari North exploration well, which is the first shallow onshore well planned on the Guayaguayare PSC licences;
· Range signed an amendment agreement allowing the Company to double its working interest in the Guayaguayare PSCs with any consideration payable being contingent upon a commercial discovery and subsequent production, subject to final government approvals;
· Exploration work programme and budget for 2015 on the St Mary's block has been finalised and is planned to commence in the second half of the year;
· The sale of Range's drilling business to LandOcean completed. LandOcean will add four new drilling rigs to the fleet this year. Manufacturing of all four rigs has been completed. The largest rig will arrive in Trinidad in mid-August, and the other three rigs will arrive in Trinidad in September;
· As a result of the driling business sale and the implementation of other cost reduction measures, the Company has positive operating cashflows across the Group at current levels of production;
· Equity funding package of approximately US$30 million with Sibo signed at a premium to the share price, with final completion subject to shareholder approval at the EGM on 28 August 2015;
· Supplier financing agreed, whereby LandOcean will provide extended credit terms of 12 months on drilling related invoices; and
· In line with the Company's stated strategy of non-core asset rationalisation, Range completed its withdrawal from Puntland and the disposal of its equity holding in Citation Resources Limited.


Production overview

The Company's oil and gas production for the period in Trinidad is as follows:
· 54,770 bbls (average of 602 bopd) net to Range, which is an 8% increase from 557 bopd in the previous quarter. The Company is cashflow positive at current levels of production.




more....

Trinidad Update

Trinidad Operations Update

Production overview

The average production in Trinidad for June and July was 570 barrels of oil per day ("bopd"). The overall production decreased by 8% compared to the last reported production of 620 bopd in May, due to a number of factors, including lack of drilling activity, natural production decline, and electrical outages. Despite the decrease in average production, the Company remains cashflow positive at current levels of production.

The Company believes that the next six months will show substantial improvements in operational performance. The access to additional four brand new drilling rigs during 2H 2015, will be pivotal to improving capabilities and limiting the downtime of Range's development and exploration operations.

Drilling fleet

Following the sale of Range's drilling business in the previous quarter, the drilling business is operated by LandOcean Energy Services Co., Ltd ("LandOcean") and its subsidiaries. As previously announced, LandOcean will be adding four new drilling rigs to its fleet in Trinidad this year. Management is delighted that all four rigs are already on their way to Trinidad.

more....

StockMarketWire.com
Range Resources has finalised the drilling schedule in Trinidad with LandOcean for the next 22 development and exploration wells.

It is expected that the proposed 22 wells will be drilled by the end of the first quarter of next year. However, certain drilling logistics are beyond the company's control and, therefore, the drilling schedule remains subject to a number of variables.

It has been granted permission to construct 15 drilling pads.

Construction of the drilling pads for the wells GY 161S, MD 42N, Canari North, GY 180SE and QUN 158 redrill has been completed. Contracts for land work and construction of the remaining seven locations are currently being negotiated.

The management believes that the 22 well programme presents an ambitious target, given a number of challenges that need to be overcome.

Sibo Funding Update

New Drilling Rig Arrives in Trinidad

Range is pleased to advise that the vessel carrying the first new 4,000 m rig has arrived at the port in Trinidad. This is the largest rig to be added to Range Resources Drilling Services Limited ("RRDSL") drilling fleet this year.

The other three new rigs (with drilling capabilities of 2,000 m, 1,500 m, and 1,000 m) are on route to Trinidad. The vessel carrying the rigs is currently passing the coast off the US and will make a stop in Guatemala before arrival at the port in Trinidad. The rigs are now expected to arrive by the end of September.

The 4000 m rig is expected to be available for drilling from October 2015, and the other three new rigs from November 2015, subject to a number of conditions, including customs clearance, various government and regulatory approvals and availability of suitable drilling staff to operate the rigs.

Following shareholders' queries, the Company wishes to clarify that the Guayaguayare deep commitment well which was not included in the work programme schedule released on 24 August 2015 is expected to be drilled next year. The details including proposed spud date for this well are still being finalised and will be released in due course.

Completion of US$30M Funding and Issue of Shares

Trinidad Operations Update

Annual Financial report

http://www.moneyam.com/action/news/showArticle?id=5122726

Last para from The Chairman:
"The creation of long-term value for our shareholders remains the fundamental driver of everything we do and we look forward to demonstrating this as we develop our ambitious plans and achieve our goals. With the Company's highly prospective licences, drilling underway, and funding in place, I believe the Company is well positioned for future success by growing production and reserves, and transforming Range into a significant oil producing company, which is not yet reflected in today's share price."

might not be reflected in the share price but it's sure reflected in the market cap!

Perhaps he meant pre dilution and dilution and dilution and dilution and dilution and ...........

Trinidad drilling operations update

Trinidad further drilling update:

http://www.moneyam.com/action/news/showArticle?id=5143726

Trinidad Drilling Update and New Rigs Arrival

Trinidad Operations Update
RNS
RNS Number : 8144H
Range Resources Limited
02 December 2015



Trinidad Operations Update

Drilling programme

Range is pleased to advise that the third development well of the 22 well programme, the GY 161 S well spudded on 27 November 2015 and is drilling ahead to a total depth of 2,000 ft. It is expected to take approximately 21 days to reach target depth. The GY 161 S well is the second development well to be drilled by the Company on its Beach Marcelle field. Depending on results, the well may be used as part of a waterflood pattern in the future.

The drilling services are being provided by Range Resources Drilling Services Limited ("RRDSL"), a wholly owned subsidiary of LandOcean Energy Services Co., Ltd. The well is being drilled using rig 2.

The 180SE was the first well drilled on the Beach Marcelle block earlier in November. The log evaluation has been completed and the results are encouraging. A total of 72 ft. of net oil sand has been encountered and the Company is looking to submit for approval to perforate the well.

Approvals received for Morne Diablo waterflood expansion

The Company is delighted to announce that it has received all necessary government and regulatory approvals for the Morne Diablo waterflood expansion programme.

As previously announced, the Company has a pilot waterflood in place, which was established to obtain data and test operational and reservoir parameters to aid in the planning of the larger expansion model. Given success of the pilot scheme, the larger scale expansion in the Shallow Forest horizon is underway. The original oil-in-place in the expansion area is estimated by Range to be approximately 6.5 mmbbls, of which 1.35 mmbbls (21%) has been produced by primary depletion. Studies indicate that this plan could produce another 1.15 mmbbls (18%).

Initial water injection is expected to commence during the current month and first production is expected in 2H 2016.

As previously announced, the Company also applied for the required government approvals for Beach Marcelle waterflood and expects to receive these shortly.

CPR 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 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. Dr Field is a member of the SPE (Society of Petroleum Engineers) and the PESGB (Petroleum Exploration Society of Great Britain). The reserves information in this announcement has been prepared in accordance with the guidelines of the Society of Petroleum Engineers (SPE).

Glossary

Original oil in place is that quantity of petroleum that is estimated to exist originally in naturally occurring accumulations. It includes that quantity of petroleum that is estimated, as of a given date, to be contained in known accumulations prior to production plus those estimated quantities in accumulations yet to be discovered.

Questions and answers

StockMarketWire.com
Range Resources has provided an update on its operations in Trinidad. Highlights are as follows:

* Approvals for the implementation of the Beach Marcelle waterflood project have been received;

* 12 wells have been approved for conversion to water injectors on the Morne Diablo waterflood project. Initial water injection has commenced;

* Third development well of the 22 well programme has reached its total depth with a total of 130 ft. of net oil sand encountered and the well Is being tested; and

* In addition, a new upper zone on the existing QUN 47 well has been perforated, with the well flowing a stabilized rate of 50 bopd from this new zone.