Range Resources Limited New well spuds in Trinidad (5641Q)
13 September 2017 - 4:00PM
UK Regulatory
TIDMRRL
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
Cantor Fitzgerald Europe
Range Resources Limited (Nominated Advisor and
Evgenia Bezruchko (Group Corporate Broker)
Development Manager) David Porter / Sarah
e. admin@rangeresources.co.uk Wharry (Corporate Finance)
t. +44 (0)20 3865 8430
t. +44 (0)20 7894 7000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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