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Range Resources Limited
('Range' or 'the Company')
2 September 2015
New Drilling Rig Arrives in Trinidad
Range is pleased to advise that the vessel carrying the first new 4,000 m rig has arrived at the port in Trinidad. This is the largest rig to be added to Range Resources Drilling Services Limited ("RRDSL") drilling fleet this year.
The other three new rigs (with drilling capabilities of 2,000 m, 1,500 m, and 1,000 m) are on route to Trinidad. The vessel carrying the rigs is currently passing the coast off the US and will make a stop in Guatemala before arrival at the port in Trinidad. The rigs are now expected to arrive by the end of September.
The 4000 m rig is expected to be available for drilling from October 2015, and the other three new rigs from November 2015, subject to a number of conditions, including customs clearance, various government and regulatory approvals and availability of suitable drilling staff to operate the rigs.
Following shareholders' queries, the Company wishes to clarify that the Guayaguayare deep commitment well which was not included in the work programme schedule released on 24 August 2015 is expected to be drilled next year. The details including proposed spud date for this well are still being finalised and will be released in due course.
The 4000 m rig offloaded at the port in Trinidad
Contact Details
Range Resources Limited
Evgenia Bezruchko (Investor Relations)
e. [email protected]
t. +44 (0)20 7520 9486
Cantor Fitzgerald Europe (Nominated Advisor and Broker)
David Porter / Sarah Wharry (Corporate Finance) Richard Redmayne (Corporate Broking)
t. +44 (0)20 7894 700
Range Resources Limited
AIM: RRL
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Australian Office
Ground Floor, BGC Centre
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UK Office
10 Adam Street
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e. [email protected]
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ASX: RRS
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28 The Esplanade
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The Strand
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www.rangeresources.co.uk
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Perth WA 6000
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London, WC2N 6AA
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Australia
t. +618 6205 3012
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United Kingdom
t. +44 (0)20 7520 9486
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Range Resources Ltd
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EXPLORATION STAGE |
CODE : RRS.AX |
ISIN : AU000000RRS3 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Range Res. is a gold exploration company based in Australia. Range Res. holds various exploration projects in Australia. Its main exploration properties are CORACHAPI in Peru and DONNYBROOK in Australia. Range Res. is listed in Australia and in Germany. Its market capitalisation is AU$ 7.6 millions as of today (US$ 5.2 millions, € 4.7 millions). Its stock quote reached its highest recent level on March 11, 2011 at AU$ 0.38, and its lowest recent point on November 22, 2019 at AU$ 0.00. Range Res. has 7 595 830 272 shares outstanding. |