3rd Feb 2014 15:32
LONDON (Alliance News) - Range Resources Ltd Monday said it has been successful in its bid for the St Mary's block in Trinidad following its submission in the Trinidad offshore bid round 2013.
The hydrocarbon exploration firm said the successful bid was formally announced by the Ministry of Energy of Trinidad Monday at the Trinidad and Tobago Energy Conference.
The block comprises 44,731 acres spread over 4 sub-blocks contiguous to Range's existing Morne Diablo licence and the Guayaguayare licence.
The company said it will make further announcements on the development on the site in due course.
Range Resources shares were trading flat at 1.28 pence Monday.
By Tom McIvor; [email protected]; @TomMcIvor1
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