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Nov 3 (Reuters) - Oil and gas producer Range Resources Corp said it would sell its Nora assets in Southwest Virginia for about $876 million, to cut its debt by nearly a quarter. The company said the sale, which is scheduled to close by year-end, will help the company cut total debt by an expected 24 percent and also help it cut costs for 2016. No information was given on a potential buyer. The assets, which produced 109 million cubic feet equivalents per day (mmcfpd) in the third quarter, represented 7.5 percent of Range Resources' net production, the company said on Tuesday. (Reporting by Anet Josline Pinto in Bengaluru; Editing by Alan Crosby)
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Range Resources Ltd
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EXPLORATION STAGE |
CODE : RRS.AX |
ISIN : AU000000RRS3 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Range Res. is a gold exploration company based in Australia. Range Res. holds various exploration projects in Australia. Its main exploration properties are CORACHAPI in Peru and DONNYBROOK in Australia. Range Res. is listed in Australia and in Germany. Its market capitalisation is AU$ 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. |