4th Jun 2014 15:17
RANGE RESOURCES LTD - Voluntary Delisting from OTCQXRANGE RESOURCES LTD - Voluntary Delisting from OTCQX
PR Newswire
London, June 4
4 June 2014 ASX Code: RRS and AIM Code: RRL Range ResourcesLimited ("Range" or "the Company") Voluntary Delisting from OTCQX As part of corporate streamlining, Range announces that the common shares ofthe Company will be voluntarily delisted from the OTCQX effective as of theclose of market on 20th June 2014. The common shares of Range willcontinue to trade on the AIM under the code "RRL" and on the ASX under the code"RRS". Yours faithfully Rory Scott RussellChief Executive Officer Contacts Buchanan (Financial PR - UK) Range Resources Limited Ben Romney / Helen Chan Rory Scott Russell T: +44 (0) 20 7466 5000 E: [email protected] GMP Securities Europe LLP (Joint Cantor Fitzgerald(Nominated AdvisorandBroker) Joint Broker)Rob Collins / Liz Williamson David Porter / Tom Sheldon / JulianT: +44 (0) 207 647 2800 Erleigh (Corporate finance) / Richard Redmayne (Corporate broking) T: +44 (0) 20 7894 7000 PPR (Financial PR -Australia)David TaskerT: +61 (8) 9388 0944E: [email protected] Range Background Range Resources Limited is a dual listed (ASX:RRS; AIM:RRL) oil & gasexploration company with oil & gas interests in Trinidad; Puntland, Somalia;the Republic of Georgia; Guatemala; Texas, USA, and Colombia. * In Trinidad Range holds a 100% interest in holding companies with three onshore production licenses and a fully operational drilling subsidiary. Independently assessed Proved (P1) reserves in place of 17.5 MMBO with 25.2 MMBO of proved, probable and possible (3P) reserves and an additional 81 MMBO of unrisked prospective resources. Range also has a farm in with Niko Resources giving it exposure to circa 280,000 acres of prospective onshore and offshore acreage. * In the Republic of Georgia, Range holds a 45% farm-in interest in onshore blocks VIa and VIb, covering approx. 7,000sq.km. The Company is focussing on a revised development strategy that will focus on low-cost, shallow appraisal drilling of the contingent resources around the Tkibuli-Shaori ("Tkibuli") coal deposit, which straddles the central sections of the Company's two blocks, along with attracting potential farm-in partners across the license areas given the recent review performed across the licenses. * In Puntland, Range holds a 20% working interest in two licenses encompassing the highly prospective Dharoor and Nugaal valleys. The operator and 60% interest holder, Horn Petroleum Corp. (TSXV: HRN) has completed two exploration wells and will continue with a further seismic and well program over the next 12-18 months. * Range has taken a strategic stake in Citation Resources Limited (ASX: CTR) and Latin American Resources (LAR) which hold interest in two oil and gas development and exploration blocks in Guatemala with Canadian NI 51-101 certified proved plus probable (2P) reserves of 2.3 MMBBL (100% basis). Range has a direct and indirect 24% interest in the Guatemalan Project. Australia LondonGround Floor, 1 Havelock Street, West Suite 1A, Prince's House, 38 JermynPerth WA 6005, Australia Street, London SW1 6DNt:+61 8 9488 5220, f:+61 8 9324 2400 t:+44 (0)207 025 7040, f:+44 207 287e:[email protected] 8028 w: www.rangeresources.com.au
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