30th Aug 2016 07:00
Range Resources Limited (RRL)Trinidad Drilling Update 30-Aug-2016 / 07:00 GMT/BSTDissemination of a Regulatory Announcement that contains inside information,transmitted by EQS Group AG.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Trinidad Drilling Update Range is pleased to confirm that the QUN 159 well which was spudded on 8August 2016 has reached target depth of 2,500 feet. This is the thirddevelopment well drilled by Range in Trinidad this year. The well islocated at Morne Diablo field and was targeting the Lower Forest and UpperCruse horizons. Preliminary analysis of the well indicates approximately 40 feet net oilpay. The programme to perforate the well has been approved by thegovernment and Range intends to proceed with production testing of the wellduring early September. Production testing on the two previously drilled development wells (MD 250and MD 251) is also underway. All three wells are expected to be broughtinto production during Q3 2016. Competent Person statement In accordance with AIM Rules, Guidance for Mining and Oil & Gas Companies,the information contained in this announcement has been reviewed andapproved by Mr Lijun Xiu. Mr Xiu is a suitably qualified person with over30 years' experience in assessing hydrocarbon reserves, and holds aBachelor degree in Geological Prospecting. In addition, he holds a numberof professional titles, including Reserves Evaluation Specialist from theMinistry of Land and Resources of the People's Republic of China. Mr Xiu isa member of the SPE (Society of Petroleum Engineers). The information contained within this announcement is deemed by the Companyto constitute inside information as stipulated under the Market AbuseRegulations (EU) No. 596/2014 ('MAR'). Upon the publication of thisannouncement via Regulatory Information Service ('RIS'), this insideinformation is now considered to be in the public domain. Contact DetailsRange Resources Limited Cantor Fitzgerald EuropeEvgenia Bezruchko (Group Corporate (Nominated Advisor andDevelopment Manager) Broker) e. [email protected] David Porter / Sarah Wharry (Corporate Finance)t. +44 (0)20 7520 9486 David Banks (Corporate Broking) t. +44 (0)20 7894 7000 --------------------------------------------------------------------------- Language: English ISIN: AU000000RRS3 Category Code: MSCU TIDM: RRL Sequence Number: 3361 Time of Receipt: 29-Aug-2016 / 21:08 GMT/BST End of Announcement EQS News Service --------------------------------------------------------------------------- 496875 30-Aug-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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