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

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.

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....

Quarterly activities report

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.

Quarterly activities report

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."

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."

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.

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)

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

Cheers kim.

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.

up 22%, still have several hundred thousand of these. :-)) Not worth selling. Boom or bust.

StockMarketWire.com
Range Resources has advanced a partial payment of US$2.8m to LandOcean Petroleum as part of the consideration for the completed acquisition of Range Resources Drilling Services.

The payment is on a refundable basis and the funds will be immediately repayable to Range upon the company's request.

The company says this early, refundable payment will benefit Range as it will no longer have to pay the 6% interest rate per annum accruing on the amount of consideration.

The consideration for the acquisition remains due to be paid by no later than 30 November 2020

TRINIDAD OPERATIONAL UPDATE
Range is pleased to provide an update with respect to its Trinidad operations with the following highlights:

· The recently drilled well located at the Beach Marcelle field has been successfully put into production and is flowing at a stabilised rate of 120 barrels of oil per day ("bopd") on a restricted choke of 5/32";

· Production growth from the waterflood programme is showing a positive trend with 40% of current production (240 bopd) attributed to this programme; and

· As at 29 December 2017 the average production for the quarter to date is 629 barrels of oil per day ("bopd"). The current daily production (as at 29 December 2017) is 703 bopd.

Range's CEO, Yan Liu commented:
"We are very pleased with the production results from the latest well which is one of the best producing wells drilled by Range in recent years in Trinidad.

We are also continuing our focus on production growth from the ongoing waterflood programme and seeing a steady increase in oil production from this programme. With approximately half of our total production currently attributed to Beach Marcelle, we are excited by both the waterflood and development opportunities of the field and are planning to exploit its full potential as part of the upcoming work programme."

EXECUTIVE DIRECTOR SIGNS CONTRACT TERMS
Range makes the following disclosure in connection with new employment contract entered into with Executive Director Mr Lubing Liu. This disclosure is made in accordance with ASX Listing Rule 3.16.4.

As announced on 21 February 2018, Mr Lubing Liu has been appointed as Group Chief Operating Officer and General Manager of Trinidad. The key terms of the contract are:

Group Chief Operating Officer
· Engaged to provide the services of a Chief Operating Officer commencing on 1 March 2018;

· A set annual fee of US$84,000; and

· 3 month termination notice (or payment in lieu of notice, subject to the Corporations Act and Listing Rules).

General Manager of Trinidad
· Engaged to provide the services of a General Manager of Trinidad Operations commencing on 1 March 2018 (subject to work permit approval in Trinidad);

· A set annual fee of US$60,000; and

· 3 month termination notice (or payment in lieu of notice, subject to the Corporations Act and Listing Rules).

Half-year Report
RNS
RNS Number : 9204H
Range Resources Limited
16 March 2018

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.

HALF-YEARLY REPORT
Range today releases its half-yearly report (unaudited) for the 6 months ending 31 December 2017.
Yan Liu, Range’s Chief Executive Officer, commented:
“We are extremely encouraged by the progress in both operational and financial performance demonstrated in the interim results.
We continue to invest in growing the asset base and completed two important acquisitions during the period. Throughout the remainder of this year we look forward to seeing further improvements in key metrics such as operating costs as a result of RRDSL acquisition, and revenue growth from our upstream assets.
We are confident that as we focus on growing the business, we will continue to deliver substantive value and results to our shareholders.”
Highlights for the period include:
Operational
Trinidad:
The average production for the period of 605 bopd was 22% higher than comparable prior year;
Increase in production is mainly attributed to the ongoing waterflood programme, selective development drilling and workovers;
· The Company continued with implementation of the Beach Marcelle waterflood project, which accounts for the vast majority of Range's reserves in Trinidad;
Production from waterflood continued to increase with approximately 30% attributed to this programme;
Two development wells successfully drilled and brought into production;
Over 130 workovers completed; and
Independent Competent Persons Report (“CPR”) published confirming net 2P reserves of 16 MMstb and net 2C contingent resources of 8 MMstb.

Indonesia:
The Company has been building an experienced operating team, and undertaking initial geological and geophysical studies;
Upcoming work programme and budget are being finalised; and
Independent CPR published confirming net 2C contingent resources of 10.9 Bscf and 3.1 MMstb.

Corporate:
In line with the growth strategy, the Company completed two new acquisitions:
23% indirect interest in an established oilfield in Northern Sumatra, Indonesia;
100% interest in Range Resources Drilling Services Limited (“RRDSL”), an oilfield services provider based in Trinidad with a fleet of modern drilling rigs, workover rigs, and equipment.
AIM re-admission completed; and
Group Chief Operating Officer and Trinidad General Manager, Mr Lubing Liu appointed subsequent to the period end.
Financial:
Financial performance has materially improved with a 77% reduction in loss before tax to US$8.5 million (prior year: US$37.8 million);
Revenues increased by 39% to US$5.4 million (prior year: US$3.9 million), principally due to an increase in production;
Operating expenses decreased by 14% to US$34.5 per barrel (prior year: US$40 per barrel);
General, administration & other expenses decreased by 40% to US$3.2 million (prior year: US$5.4 million);
No impairment charge has been recognised for the first time since 2013;
Cash and other liquid assets at the end of the period of US$10.9 million (prior year: US$20.6 million). The reduction in cash is due to a number of factors including the investment into the new acquisitions and the funding of a drilling programme in Trinidad; and
Range continues to benefit from the generous credit terms offered by LandOcean Energy Services Co., Ltd across various funding arrangements. The average maturity profile is in excess of two years and none of the credit arrangements have any security, and nor do they have any financial covenants or restrictive controls.

StockMarketWire.com
Range Resources announced a subscription for new ordinary shares to raise £1m before expenses.

Pursuant to the subscription, the company will issue 909,090,910 new ordinary shares at a price of 0.11p per new ordinary share.

The proceeds of the subscription will be used to accelerate the growth strategy of the company's current assets in Trinidad, with a view to further increasing production and cashflow.

CEO Yan Liu commented: "We are pleased to be able to commit this additional funding into infrastructure upgrades at our Trinidad assets.

"This will enable us to continue production growth and allow us to further develop our significant assets with a view of unlocking the full potential of our reserves base in the years ahead.

"With an active ongoing work programme, we are focused on delivering on our key objectives geared towards production growth to 1,000 bopd target and increasing cashflows.

"We look forward to demonstrating progress to our new and existing shareholders."