14th Mar 2016 06:45
Range Resources Limited / MiscellaneousNew well spuds in Trinidad (news with additional features) 14-March-2016 / 06:44 Europe/LondonDissemination of a Regulatory Announcement, transmitted by EQS Group AG.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- New well spuds in Trinidad Range is pleased to advise that approval for the new 4,000 m drilling righas been granted to RRDSL (a wholly owned subsidiary of LandOcean EnergyServices Co., Ltd). Subsequently, the MD 51-1 development well (renamed MD250 well) successfully spudded on 10 March 2016 using the rig. The well isdrilling ahead to a total depth of 4,150 feet and is expected to take fourto five weeks to reach target depth. The MD 250 well is the first development well to be drilled using one ofRRDSL's new rigs. The well will test deeper horizons of the Upper andMiddle Cruse sand trends and explore the potential of out-step drilling. MD250 is a directional well from the previously drilled MD 248 well location. The Upper Cruse sands, though penetrated by numerous surrounding wells,have not been fully exploited in this area of the Morne Diablo field. TheMiddle Cruse sands have been identified as well-developed in nearby wellswith some of those having produced in excess of 100,000 barrels from thishorizon during the well life. As previously announced, RRDSL successfully completed construction of athree-cellar drilling pad during 2015. Initially, the MD 250 well will bedrilled from the drilling pad. Drilling of further wells from the drillingpad will be evaluated dependent on the results from this well. Further three new drilling rigs of RRDSL are currently undergoingcertification and will be brought into drilling operations once approved. Contact Details Range Resources Limited Cantor Fitzgerald Europe (NominatedEvgenia Bezruchko (Group Corporate Advisor and Broker)Development Manager) David Porter / Sarah Wharrye. [email protected] (Corporate Finance) t. +44 (0)20 7520 9486 Richard Redmayne (Corporate Broking) t. +44 (0)20 7894 7000 +++++Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=KMXIKVJCCTDocument title: New well spuds in Trinidad --------------------------------------------------------------------------- 14-March-2016 The EQS Distribution Services include Regulatory Announcementsas well as Financial and Media Releases.Media archive at www.dgap.de/ukreg --------------------------------------------------------------------------- Language: English Company: Range Resources Limited Ground Floor, BGC Centre, 28 The Esplanade WA 6000 Perth Australia Phone: +61 862053012 E-mail: [email protected] Internet: www.rangeresources.co.uk ISIN: AU000000RRS3 WKN: 874152 Listed: London Category Code: MSC TIDM: RRL Sequence Number: 3045 Time of Receipt: 14-March-2016 / 06:44 Europe/London End of Announcement EQS News Service --------------------------------------------------------------------------- 444659 14-March-2016UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.
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