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Range Resources Ltd (RRL)

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Wednesday 13 September, 2017

Range Resources Ltd

New well spuds in Trinidad

RNS Number : 5641Q
Range Resources Limited
13 September 2017
 

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.

 

NEW WELL SPUDS IN TRINIDAD

Range is pleased to advise that the QUN 161 development well in Trinidad successfully spudded on 9 September 2017.

The well is drilling ahead to a total depth of 2,200 feet, expected to take approximately two weeks to reach target depth. It is located at the Morne Diablo field and is targeting the Lower Forest and Upper Cruse horizons.

The well is being drilled by RRDSL, an established oilfield services provider which Range is in the process of acquiring. The well is being drilled using rig 18 (with a drilling capability of 1,500 metres). Rig 18 is one of the newer rigs in the drilling fleet and has already been used to safely and successfully drill 3 wells onshore Trinidad to date.

The Company will provide further updates in due course.

 

 

Contact details

 

 

 

Range Resources Limited

Evgenia Bezruchko (Group Corporate Development Manager)

e. [email protected]

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
 
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