Range Resources Drilling Services sale update

RNS Number : 9644J

Range Resources Limited

12 April 2015

 



            Range Resources Limited

            (‘Range’ or ‘the Company’)

Range Resources Drilling Services Limited sale update

Further to the Company's announcement on 19 March 2015, Range advises that the completion of the Range Resources Drilling Services Limited (RRDSL) disposal has been delayed and is now anticipated during April 2015.

To date, Range has received US$2.30 million of the sale proceeds. Range is due to receive the remaining sale proceeds of US$2.07 million at final completion, as well as US$0.50 million as a result of balance sheet adjustment (total amount of US$2.57 million) in accordance with the Sale & Purchase Agreement.

Contacts

Cantor Fitzgerald Europe
(Nominated Advisor and Broker)

David Porter / Sarah Wharry
(Corporate finance)

Richard Redmayne (Corporate broking)

t.   [phone]

Range Resources Limited

Australian Office

Ground Floor, BGC Centre

28 The Esplanade

Perth WA 6000

Australia

t.   [phone]

UK Office

Suite 1A, Prince's House
38 Jermyn Street
London, SW1Y 6DN
United Kingdom

t.   [phone]

f.   [phone]

e.  [e-mail]

www.rangeresources.co.uk

 

END

 

 

DISLLFIASSIFLIE