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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 - 31 May 2016 07:58 - 399 of 424


Beach Marcelle Waterflood Commences

RNS


RNS Number : 6254Z

Range Resources Limited

30 May 2016




Beach Marcelle Waterflood Commences

The Company is pleased to provide an update on its waterflood projects in Trinidad with the following highlights:

· Injection on the flagship Beach Marcelle waterflood project has commenced;

· Two injector wells are being used to inject water, at an average initial rate of approximately 600 bwpd, which will gradually increase as additional wells and surface facilities are commissioned;

· Waterflood injection on the Morne Diablo project is continuing, with water rates increased to the maximum volume of water currently available;

· Agreement reached with Petrotrin to access additional water supply for Morne Diablo project with contracts to be signed shortly; and

· Waterflood projects will be key contributors to the Company's production growth over the coming years.



Beach Marcelle Waterflood - South East Block

The project implementation on the South East block of Beach Marcelle field has been successfully progressing over the last months. As a result, initial water injection has commenced, on schedule with the previously anticipated timelines.

The waterflood pattern on the block comprises 10 injector and 15 producer wells. The selected wells are undergoing workover operations using two workover rigs, with five wells completed as injectors and four as producers to date.

Two injector wells are currently being used to inject water, at an average initial rate of approximately 600 barrels of water per day ("bwpd"). In line with the planned implementation programme, injection volumes will be low at first, gradually increasing as additional wells and surface facilities are commissioned. Injected water is expected to be available from shallow aquifer wells (water source wells). The selected water source wells are also currently undergoing workover operations.

The first production as a result of waterflooding is anticipated during Q1 2017. The average production over the 8-year period is expected to be approximately 1,600 bopd, with production estimated over the plateau period of three years of 2,000 bopd.

The original oil-in-place in the South East block is estimated by the Company at 37.5 mmbbls, of which 6.2 mmbbls (17%) has been produced by primary depletion. Waterflooding is estimated by the Company to recover another 4.8 mmbbls over the next 8 years.

Morne Diablo Waterflood - Expansion Project

As previously announced, the initial water injection on the project commenced in December 2015.

The waterflood plan involves the use of up to 14 injectors and 14 producers. Four injector wells are currently being used to inject water. The water injection has been increased from 150 bwpd to 250 bwpd, which is the maximum volume of water available at present from Range's production wells.

To get access to additional water source supply, Range has been negotiating with Petrotrin to use produced water from Petrotrin's existing operations, which will increase water injection by 3,000 bwpd. The Company is pleased to advise that the agreement with Petrotrin has been reached and expects to sign the contract shortly.

The Company will be constructing a new water pipeline to connect Morne Diablo field to Petrotrin's water treatment facility. The environmental approvals for use of the additional water and construction of the new water pipeline have been submitted to the regulatory body in Trinidad.

The average production over the 8-year period is expected to be approximately 200 bopd, and is forecast to be achieved when water injection is increased to approximately 3,000 bwpd.

The original oil-in-place in the expansion area is estimated at 6.5 million barrels of oil (mmbbls), of which 1.3 mmbbls (20%) has been produced by primary depletion. Waterflooding is estimated by the Company to recover another 0.6 mmbbls over the next 8 years.

Additional Waterflooding Areas

The Company has identified additional areas around the previously drilled development wells in the South Quarry and Morne Diablo fields, which could be suitable for waterflooding. The Company will continue to evaluate these areas and study the field for waterflooding potential. If deemed economically feasible, Range will proceed with the relevant approvals to implement these projects.

As previously advised, Range and LandOcean are continuing to progress with finalising the terms for the US$50 million trade financing package with Sinosure. Pending completion of the Sinosure facility, LandOcean will provide Range with credit terms of 720 days for all work undertaken as part of purchase order 2 of US$50 million, including the waterflood programme.

Yan Liu, Range's Chief Executive Officer, commented:

"I am extremely pleased with the commencement of injection on our second waterflood project. Beach Marcelle is the largest waterflood project to be implemented in recent times in Trinidad and the team has been working tirelessly to bring it on line. It will be key to our production growth in the coming years, with first production from this project expected at the beginning of next year.

I look forward to working closely and leading our team during this period of unprecedented operational activity and demonstrating the results to all shareholders."

HARRYCAT - 22 Jun 2016 07:40 - 400 of 424

StockMarketWire.com
Range Resources (RRL) received approval to spud the MD 51-2 development well, which is expected to spud early next month.

The workover programme on existing wells was reviewed to focus on the most economic wells, while credit terms by LandOcean on drilling services and PO1 were extended by 12 months, to allow the company to repay credit from future cashflows once production ramps up.

It will be a directional well to be drilled to a total depth of 3,900 feet to test the Middle and Upper Cruse sands, which were encountered with the MD 250 well.

Initial log evaluations on the MD 250 development well identified multiple hydrocarbon bearing zones, with an estimated net pay of over 140 feet.

The well will be drilled from the same drilling pad as the MD 250 well, using a 4,000 metre rig. The wellhead is located approximately 20 feet from the MD 250 well and drilling company RRDSL is in the process of moving the rig to the well location.

In line with safety requirements, production testing operations of the MD 250 and MD 51-2 wells will be performed only once all drilling operations on the pad area are completed.

This is the second of the six well drilling programme, which Range has planned for 2016.

The remaining scheduled wells include two development wells in Morne Diablo, one development well in Beach Marcelle, and one exploration well in the Guayaguayare block.

RRDSL's further three new drilling rigs are pending final approvals from the Ministry of Energy and Energy Industries (MEEI).

Approvals cannot be granted until all documentation on the rigs, as requested by the MEEI, is provided by RRDSL.

RRDSL is working on acquiring the requisite documents for submission to the MEEI. As advised by RRDSL, approvals are expected to be received in Q3 2016.

As part of the company's cost management, Range completed a workover programme review. The company reduced various workovers to focus on the most economic wells.

Range conservatively estimates that five development wells from the 2016 work programme will add approximately 500 barrels of oil per day (bopd) to current production levels by the end of 2016.

Range reiterates its previous production guidance of 2,500 bopd by the end of 2017, with the majority of this production growth to come from waterflood projects.

dreamcatcher - 18 Jul 2016 18:30 - 401 of 424


New well spuds in Trinidad

RNS


RNS Number : 3896E

Range Resources Limited

17 July 2016




New well spuds in Trinidad

Range is pleased to advise that the MD 51-2 development well (renamed MD 251 well) in Trinidad successfully spudded on 15 July 2016. The well is drilling ahead to a total depth of 3,900 feet and is expected to take approximately three weeks to reach target depth.

As previously announced, this will be a directional well to test the Middle and Upper Cruse sands, which were encountered with the MD 250 well. The initial log evaluations on the MD 250 development well identified multiple hydrocarbon bearing zones, with an estimated net pay of over 140 feet.

The well is being drilled by RRDSL (a wholly owned subsidiary of LandOcean Energy Services Co., Ltd) from the same drilling pad as the MD 250 well, using the same 4,000 metre rig. The wellhead of the MD 251 well is located approximately 20 feet from the MD 250 well. In line with safety requirements, production testing operations of the MD 250 and MD 251 wells will be performed once all drilling operations on the pad area are completed.

This is the second of the six well drilling programme which Range has planned for 2016. The remaining scheduled wells include two development wells in Morne Diablo, one development well in Beach Marcelle, and one exploration well in the Guayaguayare block.

RRDSL's further three new drilling rigs are pending final approvals from the Ministry of Energy and Energy Industries (MEEI), expected to be received during Q3 2016.

Competent Person 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 Mr Lijun Xiu. Mr Xiu is a suitably qualified person with over 30 years' experience in assessing hydrocarbon reserves, and holds a Bachelor degree in Geological Prospecting. In addition, he holds a number of professional titles, including Reserves Evaluation Specialist from the Ministry of Land and Resources of the People's Republic of China. Mr Xiu is a member of the SPE (Society of Petroleum Engineers).

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.

dreamcatcher - 04 Aug 2016 21:11 - 402 of 424


Trinidad Development Drilling Update

RNS


RNS Number : 2510G

Range Resources Limited

04 August 2016




Trinidad Development Drilling Update

Range provides an update on its Trinidad operations with the following highlights:

· MD-251 well successfully reaches target depth ahead of schedule;

· RRDSL-owned rig 18 achieves necessary regulatory and government approvals to commence operations; and

· 3rd development well in the 2016 work programme (LD-1) to spud this month.

Range is pleased to confirm that the MD-251 well which was spudded on 15 July 2016 has reached target depth of 3,900 feet, ahead of the original schedule. Preliminary analysis of the well indicates approximately 60 feet net oil pay in the Middle Cruse sand. Range now intends to proceed with production testing of both the MD-251 and the previously drilled MD-250 wells during this month and anticipates bringing both wells into production during the current calendar quarter.

Range is pleased to advise that RRDSL (a wholly owned subsidiary of LandOcean Energy Services Co., Ltd) has been granted all necessary regulatory and government approvals for rig 18. This is the second of the new drilling rigs which have been added to their drilling fleet and has the capability to drill to a depth of approximately 1,500 metres.

Range has contracted rig 18 to drill the LD-1 well which is the next development plan in the 2016 development drilling programme. The rig is on location and Range has received the required approvals to drill the well from Petrotrin and the Ministry of Energy and Energy Industries. It is currently anticipated that the well will spud later this month.

LD-1 is located at Morne Diablo field and will be drilled to a target depth of 2,500 feet targeting the Lower Forest and Upper Cruse horizons. Range has previously advised that the next well scheduled was to be LD-3; however, this has been replaced in the schedule by LD-1. The LD-1 well will be drilled to the same approximate depth, albeit this is a vertical well (as opposed to the LD-3 well which was a directional well), so it will be drilled at a lower cost and over a shorter period. Range believes that the forecast realised production from the LD-1 well will be broadly similar to that anticipated from LD-3 and the change of well is expected to have no impact on the Company's stated production target.

LD-1 is the third development well to be drilled by Range this year in Trinidad. The remaining scheduled wells include one further development well in Morne Diablo, one development well in Beach Marcelle, and one exploration well in the Guayaguayare block. A further announcement will be made upon spudding of this well.

Range continues to assist RRDSL in obtaining the necessary certification and approvals for the remaining two new drilling rigs which are anticipated to be received during Q3 2016.





Competent Person 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 Mr Lijun Xiu. Mr Xiu is a suitably qualified person with over 30 years' experience in assessing hydrocarbon reserves, and holds a Bachelor degree in Geological Prospecting. In addition, he holds a number of professional titles, including Reserves Evaluation Specialist from the Ministry of Land and Resources of the People's Republic of China. Mr Xiu is a member of the SPE (Society of Petroleum Engineers).

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.

dreamcatcher - 09 Aug 2016 07:10 - 403 of 424


New well spuds in Trinidad

RNS


RNS Number : 6294G

Range Resources Limited

09 August 2016




New well spuds in Trinidad

Range is pleased to advise that following the announcement on 4 August 2016, the LD-1 development well (renamed QUN 159 well) in Trinidad successfully spudded on 8 August 2016.

The well is drilling ahead to a total depth of 2,500 feet, expected to take approximately two weeks to reach target depth. It is located at Morne Diablo field and is targeting the Lower Forest and Upper Cruse horizons.

The well is being drilled by RRDSL (a wholly owned subsidiary of LandOcean Energy Services Co., Ltd) using 1,500 metre rig (rig 18), which has recently been granted all necessary regulatory and government approvals.

LD-1 is the third development well drilled by Range in Trinidad this year. The two previously drilled development wells (MD-250 and MD-251) are planned for production testing during this month and are expected to be brought into production during Q3 2016.

The remaining scheduled wells include one development well in Morne Diablo, one development well in Beach Marcelle, and one exploration well in the Guayaguayare block. Range continues to assist RRDSL in obtaining the necessary certification and approvals for the remaining two new drilling rigs which are anticipated to be received during Q3 2016.



Competent Person 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 Mr Lijun Xiu. Mr Xiu is a suitably qualified person with over 30 years' experience in assessing hydrocarbon reserves, and holds a Bachelor degree in Geological Prospecting. In addition, he holds a number of professional titles, including Reserves Evaluation Specialist from the Ministry of Land and Resources of the People's Republic of China. Mr Xiu is a member of the SPE (Society of Petroleum Engineers).

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.

dreamcatcher - 30 Aug 2016 16:31 - 404 of 424


Trinidad Drilling Update

EQS



Range Resources Limited (RRL)
Trinidad Drilling Update

30-Aug-2016 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information, transmitted by EQS Group AG.
The issuer is solely responsible for the content of this announcement.




Trinidad Drilling Update

Range is pleased to confirm that the QUN 159 well which was spudded on 8 August 2016 has reached target depth of 2,500 feet. This is the third development well drilled by Range in Trinidad this year. The well is located at Morne Diablo field and was targeting the Lower Forest and Upper Cruse horizons.

Preliminary analysis of the well indicates approximately 40 feet net oil pay. The programme to perforate the well has been approved by the government and Range intends to proceed with production testing of the well during early September.

Production testing on the two previously drilled development wells (MD 250 and MD 251) is also underway. All three wells are expected to be brought into production during Q3 2016.



Competent Person 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 Mr Lijun Xiu. Mr Xiu is a suitably qualified person with over 30 years' experience in assessing hydrocarbon reserves, and holds a Bachelor degree in Geological Prospecting. In addition, he holds a number of professional titles, including Reserves Evaluation Specialist from the Ministry of Land and Resources of the People's Republic of China. Mr Xiu is a member of the SPE (Society of Petroleum Engineers).

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.



HARRYCAT - 15 Sep 2016 08:00 - 405 of 424

Colombia update
Further to the Company's announcement on 1 September 2016, Range confirms that a comprehensive response was submitted to Agencia Nacional de Hidrocarburos ('ANH') by the consortium, Range and Optima Oil Corp. ('Optima') on 7 September 2016. This response addressed the numerous areas in which Range and the consortium object to the demand which was received from ANH.

Range confirms that it has no material assets located in Colombia and had nil value attributed to its assets in Colombia on its balance sheet as at 31 December 2015.

In addition to the ongoing work with legal advisers in Colombia, Range has sought advice from its Australian advisers regarding the ability of ANH to try and enforce a claim against Range in Australia (where Range is incorporated). The Company's legal advisers confirm that there is no provision in Australian law to enable either judgments of Colombian courts, or administrative orders of ANH to be recognised in Australia. If ANH did seek to make any claim in Australia it would be required to commence court proceedings in the Australian courts and to prove its entitlement to such claim. Range would have the right to defend such claim. To confirm, Range has not received any claim from ANH in Australia.

The Company continues to work with Optima and legal advisers to defend its position to the maximum extent possible and is considering what further action can be taken to challenge the actions taken by ANH. At this time Range cannot provide any indication of the likely timeline for any resolution to this matter. The Company will continue to update the market on any material developments as appropriate.

HARRYCAT - 11 Nov 2016 08:00 - 406 of 424

StockMarketWire.com
Range Resources advises that that the QUN 158R (renamed QUN 160) development well in Trinidad successfully spudded on 9 November 2016.

The well is located in the Morne Diablo field and is drilling ahead to a total depth of 2,600 feet, expected to take approximately 3 weeks to reach target depth.

The QUN 160 well is the fourth development well drilled by Range in Trinidad this year.

The well is a re-drill of the previously drilled QUN 158 well, targeting the same Upper Cruse and Lower Forest sands.

The well is being drilled by RRDSL using the 1,000 metre rig, which has been granted all necessary regulatory and government approvals in November 2016.

The GY218 SE well located in the Beach Marcelle field is the last well from the five-well campaign to be drilled this year.

The well will be drilled by RRDSL using the 2,000 meter rig, which is currently being prepared for regulatory and government approval.

The well location has been completed and the rig is already rigged up on location. The well is expected to spud by early December 2016.

HARRYCAT - 05 Dec 2016 08:41 - 407 of 424

Trinidad drilling program update
Range is pleased to announce that the QUN 160 development well in Trinidad that spudded on 9 November 2016 was successfully drilled to a total depth of 2,140 feet on 22 November 2016. The well was originally planned to be drilled to 2,600 feet, however it was decided not to drill below 2,140 feet as the main target (Upper Cruse formation) had been encountered at this depth and drilling of the additional footage would have contributed to an increase in drilling cost with little to no benefit.

During drilling, hydrocarbon sands and oil shows were encountered between 1,084 and 2,045 feet. The production testing is expected to commence at the beginning of December and is proposed to be completed in two stages, at depths between 1,012 to 1,271 feet (Lower Forest formation, stage 2) and between 1,794 to 1,963 feet (Upper Cruse formation, stage 1).

Range is also pleased to advise that the GY 218 SE well (renamed GY 681 well) located in the Beach Marcelle field successfully spudded on 1 December 2016. The well is drilling ahead to a total depth of 4,500 feet, expected to take approximately 4 weeks to reach target depth. The primary target of the well is the Lower Gros Morne formation located below 3,500 feet. Any success with the well is expected to open up other development opportunities for that reservoir and add to the geological knowledge of the area.

The GY 681 well is the last well from the five-well campaign to be drilled this year. The well is being drilled by RRDSL* using the 2,000 meter rig, which has been granted all necessary regulatory and government approvals in November 2016.

*RRDSL is a wholly owned subsidiary of LandOcean Energy Services Co., Ltd.

skinny - 04 Jan 2017 08:59 - 408 of 424

Trinidad Operational Update

The Company is pleased to provide an update on the progress of its operations in Trinidad with the following highlights:

· The exit production rate for 2016 in Trinidad has exceeded 800 barrels of oil per day ("bopd"), a 40% increase from exit rate for 2015;

· The GY 681 well successfully drilled in December 2016 with encouraging log evaluations indicating over 230 feet of an estimated net pay. Production testing to commence this month;

· The QUN 160 well drilled in November 2016 has been put on production; and

· Production at the Morne Diablo waterflood project has commenced on schedule during Q4 2016.

more....

dreamcatcher - 26 Jan 2017 07:04 - 409 of 424

Quarterly activities report

HARRYCAT - 17 Mar 2017 10:18 - 410 of 424

StockMarketWire.com
Range Resources has widened its H1 pretax loss to $37.8m, from a loss of $24.3m a year earlier. Impairments totalled $28.99m, from $17.29m.

"Whilst there are encouraging trends during the period, there is clearly still much work to do to achieve our objective of generating sustainable profitability and positive cashflows," said chairman Kerry Gu.

"Range remains focused on this target through growing production and monetising the substantial reserve base of the company," said Gu.

In addition, Range continued to seek suitable value-enhancing upstream acquisition opportunities and had actively screened a large number of possible transactions over recent months.

dreamcatcher - 13 Apr 2017 17:28 - 411 of 424

Quarterly activities report

HARRYCAT - 02 May 2017 07:57 - 412 of 424

StockMarketWire.com
Range Resources has signed a Sale and Purchase Agreement (SPA) with LandOcean Energy Services Co Ltd for the acquisition of 100% of Range Resources Drilling Services Ltd (RRDSL).

As required in the Heads of Agreement, an independent valuation report had been received by Range that confirmed a fair market value of RRDSL of $5.5m.

RRDSL was an established oilfield services business based in Trinidad with a large modern fleet of 12 rigs, including four drilling rigs purchased during 2014.

The transaction would constitute a reverse takeover and would be subject to a vote of the company's shareholders.

Range was also pleased to advise that LandOcean had agreed to revise the repayment terms on all amounts due from Range to LandOcean (excluding the existing Convertible Bond announced on 31 October 2016).

The date for repayment had been extended for a new three-year term, therefore Range had no repayment obligation to LandOcean until April 2020.

"In addition, LandOcean has agreed to substantially reduce the interest rate on the outstanding amount due from 10% to 6% per annum.

"The current amount outstanding from Range to LandOcean (excluding the existing Convertible Bond) is approximately $39m."

HARRYCAT - 08 Aug 2017 08:13 - 413 of 424

StockMarketWire.com
Range Resources (RRL) has acquired interests in an oil block in Indonesia.

The company has signed a sale and purchase agreement with PT Hengtai Weiye Oil and Gas to acquire a 23% interest in the Perlak field.

This interest will increase to 42% upon completion of a minimum work programme.

The acquisition consideration of $3.2 million will be funded from the existing cash resources of the company.

The Perlak field has a history of oil production of around 60 million barrels (mmbbls).

Range estimates material remaining oil in place of up to 500 mmbbls.

The work programme is aimed at re-initiating production from the existing wells, firming up the field development plan and fully exploiting the potential resources.

Chairman Kerry Gu said: "The low acquisition cost, minimal work programme commitment and protection from underperformance present a very attractive opportunity for the company to expand its footprint and potentially grow its reserves base."

HARRYCAT - 08 Aug 2017 08:21 - 414 of 424

2nd May 2017
StockMarketWire.com

Range Resources has signed a Sale and Purchase Agreement (SPA) with LandOcean Energy Services Co Ltd for the acquisition of 100% of Range Resources Drilling Services Ltd (RRDSL).

As required in the Heads of Agreement, an independent valuation report had been received by Range that confirmed a fair market value of RRDSL of $5.5m.

RRDSL was an established oilfield services business based in Trinidad with a large modern fleet of 12 rigs, including four drilling rigs purchased during 2014.

The transaction would constitute a reverse takeover and would be subject to a vote of the company's shareholders.

Not sure if this has yet happened. RRL stock still suspended.

dreamcatcher - 14 Sep 2017 08:55 - 415 of 424

Cancellation - Range Resources Limited
RNS
RNS Number : 6699Q
AIM
14 September 2017
 
NOTICE
 
14/09/2017 7:00am
 
NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM
 
RANGE RESOURCES LIMITED
 
Trading on AIM for the under-mentioned securities has been cancelled from 14/09/2017 7:00am, pursuant to AIM Rule 41.
 
ORDINARY SHARES OF NO PAR VALUE, FULLY PAID (DI) (B28QX48) (AU000000RRS3)

kimoldfield - 14 Sep 2017 11:44 - 416 of 424

There was another RNS which hasn't shown up on MAM:-

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.

UPDATE ON TRADING IN SHARES ON AIM

Range advises that trading in the Company's shares on AIM will be cancelled from 7:00 am (BST) on 14 September 2017.

As announced on 13 March 2017, Range is proposing to acquire Range Resources Drilling Services Limited ("the Acquisition"). Following that announcement, the Company's shares were suspended from trading on AIM pending the publication of an admission document. Under AIM Rule 41, the admission of a company's shares will be cancelled where these have been suspended from trading for six months.

During the past six months, the Company has invested substantial time and effort in preparing the required admission document with the intention of publishing it prior to the six-month deadline. During this time the Company has also continued to seek value-enhancing acquisitions and as announced on 8 and 11 August 2017, Range was pleased to advise it has agreed to acquire new assets in Indonesia (Perlak field) and Trinidad (West Coast). As a result of these proposed acquisitions, the Company was required to incorporate information on these assets into a revised admission document and also to undertake further legal, technical and financial due diligence work. Regrettably, it has not been possible to finalise all the necessary processes prior to the 14 September 2017 deadline.

Range remains committed to maintain a listing in London and intends to seek admission of its shares to AIM at the earliest reasonable opportunity. The Company will update shareholders on the admission process in due course. Range also remains committed to completing the three announced acquisitions (Range Resources Drilling Services Limited; West Coast, Trinidad; and Perlak, Indonesia) and the cancellation of trading on AIM will not impact on these processes.

Range currently anticipates that the shareholder meeting to approve the Acquisition will take place in early November 2017.




Contact details



Range Resources Limited
Evgenia Bezruchko (Group Corporate Development Manager)
e. admin@rangeresources.co.uk
t. +44 (0)20 3865 8430
Cantor Fitzgerald Europe (Nominated Advisor and Broker)
David Porter / Sarah Wharry (Corporate Finance)

t. +44 (0)20 7894 7000



This information is provided by RNS
The company news service from the London Stock Exchange

END

dreamcatcher - 14 Sep 2017 15:24 - 417 of 424

Cheers kim.

HARRYCAT - 13 Dec 2017 17:32 - 418 of 424

ADMISSION TO TRADING ON AIM AND FIRST DAY OF DEALINGS
Range, an international Company with oil and gas assets in Trinidad and Indonesia and an oil services business in Trinidad, is pleased to announce admission of its ordinary shares to trading on AIM, a market operated by London Stock Exchange plc from 8:00am today under the ticker "RRL" (ISIN AU000000RRS3).

The Company's AIM admission document can be viewed at www.rangeresources.co.uk.

The Company also advises that today it has published an updated presentation which is available on the website www.rangeresources.co.uk.
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