News Results for Range Resources (RRL)

  • 13 Nov
    14:47
    Range Resources tax appeal in Trinidad adjourned until late January

    Range Resources said ongoing tax appeal matters in which it was involved in Trinidad would push into next year. The matters had been adjourned by the court in Trinidad to the end of January 2020,...

  • 08 Nov
    09:33
    Range Resources sale of drilling rigs to Wilson Energy Services delayed

    Range Resources said it had agreed to extend the closing date of its planned sale of drilling rigs to Wilson Energy Services until 22 November, at the buyer's request. 'In the event that closing...

  • 31 Oct
    08:05
    Range Resources to delist from ASX next month

    Range Resources today published a letter to shareholders in relation to its planned delisting from the Australian stock exchange (ASX), announced on 24 October. ASX will remove Range from its...

  • 30 Oct
    08:23
    Range Resources quarterly output rises 12% following storage upgrade

    Range Resources posted a rise in first-quarter production following commissioning of upgraded storage facilities and completed workovers. Average production for the three months through September...

  • 23 Oct
    07:38
    Range Resources to sell four drilling rigs to Wilson Energy Services for $3.6m

    Range Resources said it had agreed to sell four drilling rigs and related to equipment to Canada's Wilson Energy Services for $3.6m. Chairman Kerry Gu said the company had been further exploring...

  • 16 Oct
    07:42
    Range Resources withdraws arbitration notice against Georgia

    Range Resources said it had withdrawn a notice of arbitration against the nation of Georgia. The company had submitted the notice 'in respect of the wrongful termination' of a production sharing...

  • 03 Sep
    07:52
    Range Resources to sell Trinidad assets to lender LandOcean

    Trinidad and Indonesia focused Range Resources said it had agreed to sell assets in Trinidad to LandOcean in exchange for offsetting all outstanding debt owned to the company plus $2.5m in cash....

  • 30 Jul
    09:52
    Range Resources Q4 production broadly unchanged

    Oil company Range Resources said its production in Q4 2019 was broadly unchanged from the previous quarter as it continued with low cost programme of well optimization, infrastructure upgrades and...

  • 12 Jun
    09:08
    Range Resource makes damages claim after Georgia contract termination

    Range Resource said said its legal advisers had submitted a notice of arbitration against Georgia in respect to what it described as the wrongful termination of a production sharing contract...

  • 01 Apr
    08:24
    Range Resources to announce debt restructuring, acquisition

    Dual-listed Range Resources said it had requested a suspension of trading of its shares on the Australian Securities Exchange ahead of a announcement regarding a 'material' debt restructuring and a...

  • 18 Mar
    09:13
    Range Resources launches corporate restructure after posting deep loss

    Range Resources announced a corporate restructure after it posted a deep first-half loss that included a complete write-off of its Indonesian assets. Pre-tax losses for the six months through...

  • 11 Feb
    07:54
    Range Resources CFO Nick Beattie to stand down

    Trinidad and Indonesia focused Range Resources said chief financial officer Nick Beattie had resigned to pursue other career opportunities. Beattie had agreed to stay with Range until 1 April to...

  • 31 Jan
    10:10
    Broker Forecast - Cantor Fitzgerald issues a broker note on Range Resources Ltd

    Cantor Fitzgerald today reaffirms its buy investment rating on Range Resources Ltd (LON:RRL) and cut its price target to 0.17p (from 0.25p). Story provided by StockMarketWire.com Broker Forecasts...

  • 21 Dec
    07:24
    Range Resources sees up to six months' delay to $2.8m owed payment

    Oil company Range Resources said a due payment $2.8m it was owed by LandOcean Energy Services had been delayed. Range Resources had advanced the refundable payment to LandOcean in regards to an...

  • 06 Aug
    09:10
    Range Resources rig unit wins drilling contract in Trinidad

    Range Resources said its drilling services company has been awarded a contract with Touchstone Exploration in Trinidad. Range said it would provide turnkey services for initially drilling one well...

  • 26 Jul
    07:37
    Range Resources to raise £1m to accelerate growth strategy

    Range Resources announced a subscription for new ordinary shares to raise £1m before expenses. Pursuant to the subscription, the company will issue 909,090,910 new ordinary shares at a price of...

  • 06 Jul
    07:27
    Range Resources has mixed fortunes at Indonesia oil field

    Range Resources said a re-opened oil well at its Perlak field Indonesia had produced high-quality oil, though work on another well had been delayed by an obstruction. Following reactivation...

  • 29 May
    14:39
    Range Resources commences drilling operations Perlak field in Indonesia

    Range Resources said it had commenced operations at the Perlak field, located in Northern Sumatra, Indonesia. A rig had been been successfully mobilised to the POG-D well location, the first well...

  • 23 Mar
    12:40
    Broker Forecast - Cantor Fitzgerald issues a broker note on Range Resources Ltd

    Cantor Fitzgerald today reaffirms its buy investment rating on Range Resources Ltd (LON:RRL) and cut its price target to 0.70p (from 1.70p). Story provided by StockMarketWire.com Broker Forecasts...

  • 16 Mar
    08:09
    Range Resources losses narrow as production volumes, prices rise

    Range Resources said first-half losses narrowed after it boosted production volumes and achieved a higher average selling price for its oil. The company booked an interim loss of $8.5m, compared...

  • 21 Feb
    07:42
    Range Resources boosts oil production in Trinidad

    Range Resources said production from its oil assets in Trindad had grown in January ahead of a new drilling campaign there. Output during the month averaged 777 barrels of oil per day, a 23%...

  • 02 Jan
    09:49
    Range Resources Trindad well starts producing

    Range Resources said a recently-drilled well in Trinidad had been put into production. The well, located at the Beach Marcelle field, was flowing at a stabilised rate of 120 barrels of oil per day...

  • 28 Dec
    07:54
    Range Resources advances $2.8m to LandOcean

    Range Resources has advanced a partial payment of US$2.8m to LandOcean Petroleum as part of the consideration for the completed acquisition of Range Resources Drilling Services. The payment is on...

  • 13 Dec
    07:53
    Range Resources admitted to AIM

    Range Resources, which has oil and gas assets in Trinidad and Indonesia, confirmed that its shares have been admitted to the AIM in London. It will trade under the ticker RRL. Story provided...

  • 13 Sep
    07:29
    Range says QUN 161 development well was 'successfully spudded'

    Range reported that the QUN 161 development well in Trinidad was successfully spudded on 9 September 2017. The well is drilling ahead to a total depth of 2,200 feet, expected to take approximately...

  • 11 Aug
    08:10
    Range buys Trinity's producing assets in Trinidad

    Range Resources has agreed to acquire certain producing assets from a subsidiary of Trinity Exploration and Production for a cash consideration of $4.55 million. Range will fund the acquisition...

  • 08 Aug
    08:05
    Range Resources buys oil interests in Indonesia

    Range Resources (RRL) has acquired interests in an oil block in Indonesia. The company has signed a sale and purchase agreement with PT Hengtai Weiye Oil and Gas to acquire a 23% interest in the...

  • 08 Aug
    07:16
    FLASH: Range Resources buys oil interests in Indonesia

    Story provided by StockMarketWire.com

  • 02 May
    07:22
    Range Res. signs SPA to acquire RRDSL

    Range Resources has signed a Sale and Purchase Agreement (SPA) with LandOcean Energy Services Co Ltd for the acquisition of 100% of Range Resources Drilling Services Ltd (RRDSL). As required in...

  • 02 May
    07:04
    FLASH: Range Res. signs SPA to acquire RRDSL

    Story provided by StockMarketWire.com

  • 05 Apr
    07:49
    Range Resources disputes Block VIA tender

    Range Resources said it believed the production sharing contract (PSC) over Block VIA was valid and in good standing, after the Government of Georgia announced an open international tender on it....

  • 05 Apr
    07:08
    FLASH: Range Resources issues Georgia update

    Story provided by StockMarketWire.com

  • 17 Mar
    09:35
    Range Resources widens H1 pretax loss

    Range Resources has widened its H1 pretax loss to $37.8m, from a loss of $24.3m a year earlier. Impairments totalled $28.99m, from $17.29m. "Whilst there are encouraging trends during the period,...

  • 17 Mar
    07:08
    FLASH: Range Res. widens H1 pretax loss

    Story provided by StockMarketWire.com

  • 13 Mar
    07:38
    Range Res. to reverse into RRSDL

    Range Resources announces the signing of binding Heads of Agreement for the acquisition of 100% of Range Resources Drilling Services Ltd (RRDSL), which would constitute a reverse takeover under AIM...

  • 13 Mar
    07:09
  • 08 Feb
    07:26
    RRL updates on $20m convertible note financing

    Range Resources confirms that all the conditions for the $20m convertible note financing have been met. This followed shareholder approval at an AGM on Feb. 7. The issue of the convertible note...

  • 08 Feb
    07:10
    FLASH: RRL updates on $20m convertible note financing

    Story provided by StockMarketWire.com

  • 13 Jan
    16:19
    Oil, Gas Roundup

    LGO Energy (LON:LGO) unit Compania Petrolifera de Sedano has started to temporarily suspend operations at Ayoluengo with a view to suspension being complete by the end of January. The oil...

  • 04 Jan
    16:18
    Oil, Gas Roundup

    Regal Petroleum (LON:RPT) was the sector's biggest faller - down more than 14.6% in late trading - after it issued an update of its operational activities at its Ukrainian gas and condensate...

  • 04 Jan
    08:55
    FTSE 100 slips lower on early retail softness

    London stocks turn mildly lower in early deals with retail and related prominent among the blue-chip losers' list and Next (NXT) particularly savaged after its latest update. The top-100 index...

  • 04 Jan
    07:22
    Range Resources updates on Trinidad operations

    Range Resources said that, as a result of the continued well workover programme, commencement of waterflood production at the Morne Diablo project, as well as development drilling, the exit...

  • 04 Jan
    07:06
    FLASH: Range Resources updates on Trinidad operations

    Story provided by StockMarketWire.com

  • 12 Dec
    07:02
    FLASH: Range Resources notes expiry of options

    Story provided by StockMarketWire.com

  • 05 Dec
    09:23
    Range Res. provides Trinidad drilling update

    Range Resources said the QUN 160 development well in Trinidad that spudded on 9 November 2016 was successfully drilled to a total depth of 2,140 feet on 22 November 2016. The well was originally...

  • 05 Dec
    07:15
    FLASH: Range Res. provides Trinidad drilling update

    Story provided by StockMarketWire.com

  • 01 Dec
    16:28
    Oil, Gas Roundup

    Range Resources (LON:RRL) says 3,000,001 unlisted options exercisable at £0.015 on or before 30 November 2016, and 5,153,846 unlisted options exercisable at £0.013 on or before 30 November 2016...

  • 24 Nov
    16:03
    Oil, Gas Roundup

    Europa Oil & Gas's (LON:EOG) wholly owned subsidiary has agreed to farm-out a 10% interest in its PEDL180 and PEDL182 licences in North Lincolnshire with Upland Resources (UK Onshore) Limited....

  • 24 Nov
    10:01
    Range Res. says David Yu Chen resigns as director

    Range Resources said David Yu Chen has tendered his resignation as non-executive director, effective immediately. As a result, Resolution 2, the re-election of Chen, tabled for Range's Nov. 25 AGM,...

  • 21 Nov
    16:11
    Oil, Gas Roundup

    EnQuest (LON:ENQ) has confirm the delivery of first oil from Scolty/Crathes ahead of schedule and under budget, approximately a year after the field development plan was approved and the project...

  • 11 Nov
    16:17
    Oil, Gas Roundup

    Nighthawk Energy (LON:HAWK) was the sector's biggest riser in late trading after it announced that it had carried out remediation work on two injection wells at the Arikaree Creek water flood pilot...

  • 11 Nov
    11:53
    Shell drags FTSE 100 lower

    The blue chip index fell 1% to 6,759 as Royal Dutch Shell (RDSB) declined by 3.3% on a double whammy of weaker oil prices and a stronger pound. Sterling gained 0.8% to $1.27. West Texas...

  • 11 Nov
    08:50
    FTSE retreats as profiteers hit resources, pharmas

    London stocks were lower in early deals as miners, oilies, pharmas and multiple financials were targeted by profiteers after their recent run-ups in the wake of Donald Trump winning the US...

  • 11 Nov
    07:12
    Range spuds

    Range Resources advises that that the QUN 158R (renamed QUN 160) development well in Trinidad successfully spudded on 9 November 2016. The well is located in the Morne Diablo field and is...

  • 11 Nov
    07:07
    FLASH: Range Res. updates on Trinidad drilling programme

    Story provided by StockMarketWire.com

  • 07 Nov
    16:15
    Oil, Gas Roundup

    SOCO (LON:SIA) says development drilling programme has started on the Te Giac Trang field of Block 16-1, offshore southern Vietnam. The infill wells, the TGT-27P and TGT-28P, will be 'batch...

  • 31 Oct
    16:13
    Oil, Gas Roundup

    Range Resources (LON:RRL) has signed an agreement with LandOcean Energy Services Co Ltd for the issuance of a $20m convertible note by Range. Proceeds from this convertible note will be utilised...

  • 31 Oct
    07:25
    Range Resources notes $20m convertible note financing

    Range Resources has signed an agreement with LandOcean Energy Services Co Ltd for the issuance of a $20m convertible note by Range. Proceeds from this convertible note will be utilised solely to...

  • 31 Oct
    07:12
    FLASH: Range Resources notes $20m convertible note financing

    Story provided by StockMarketWire.com

  • 21 Oct
    16:15
    Oil, Gas Roundup

    Lansdowne Oil & Gas (LON:LOGP) has described a court ruling on the litigation between Providence Resources and Transocean Drilling UK, a subsidiary of Transocean Ltd, as a highly positive...

  • 29 Sep
    07:12
    FLASH: Range Resources posts reserves, resources update

    Story provided by StockMarketWire.com

  • 06 Sep
    16:10
    Oil, Gas Roundup

    HaiKe Chemical Group's (LON:HAIK) shares fell after it issued a correction to the trading update it provided on 20 July which stated the group had delivered unaudited revenue of CNY526.9 million...

  • 01 Sep
    16:26
    Oil, Gas Roundup

    Falkland Islands Holdings (LON:FKL) expects strong cash generation and a solid trading performance for the full year, shareholders at the annual general meeting today were told. But chairman...

  • 30 Aug
    16:20
    Oil, Gas Roundup

    Range Resources (LON:RRL) shares were up in late trading after it confirmed that the QUN 159 well which was spudded on 8 August has reached target depth of 2,500 feet. This is the third...

  • 30 Aug
    09:31
    Range Resources updates on Trinidad drilling

    Range Resources confirms that the QUN 159 well which was spudded on Aug. 8 has reached target depth of 2,500 feet. This is the third development well drilled by Range in Trinidad this year. The...

  • 30 Aug
    07:15
    FLASH: Range Resources updates on Trinidad drilling

    Story provided by StockMarketWire.com

  • 17 Aug
    16:11
    Oil, Gas Roundup

    Xtract Resources (LON:XTR) was the sector's biggest faller after it said purchasers of the Manica gold project in Mozambique had not yet made an initial payment. It and Nexus Capital Ltd and...

  • 15 Aug
    16:17
    Oil, Gas Roundup

    Europa Oil & Gas (Holdings) (LON:EOG) has completed the acquisition of Shale Petroleum (UK) Limited for a nominal consideration of £1. As consequence of this acquisition Europa has increased...

  • 12 Aug
    16:10
    Oil, Gas Roundup

    There was a dearth of announcements to give the sector any direction with markets in holiday mode. The sector's biggest risers were Xtract Resources (LON:XTR) and Range Resources (LON:RRL) - up by...

  • 09 Aug
    16:23
    Oil, Gas Roundup

    Faroe Petroleum (LON:FPM) received valid acceptances from shareholders in respect of 814,933 open offer shares - a take up of approximately 13.7%. Shareholders who validly applied for open offer...

  • 09 Aug
    07:38
    Range Resources spuds new well in Trinidad

    Range Resources said the LD-1 development well (renamed QUN 159 well) in Trinidad successfully spudded on August 8. The well is drilling ahead to a total depth of 2,500 feet, expected to take...

  • 09 Aug
    07:14
    FLASH: Range Resources spuds new well in Trinidad

    Story provided by StockMarketWire.com

  • 04 Aug
    16:07
    Oil and gas roundup

    Antrim Energy (LON:AEY) was the sector's biggest riser - up by more than 34.3% in late trading - after announcing it will seek shareholder approval to voluntarily dissolve the corporation. Since...

  • 01 Aug
    07:12
    FLASH: Range Resources notes expiry of options

    Story provided by StockMarketWire.com

  • 27 Jul
    14:46
    Oil and gas roundup

    Range Resources (RRL) said it conservatively estimated five development wells from its work programme would add approximately 500 barrels of oil per day (bopd) to current production levels by the...

  • 26 Jul
    07:03
    FLASH: Range Resources updates trading policy

    Story provided by StockMarketWire.com

  • 01 Jul
    16:22
    Oil, Gas Roundup

    EnQuest (LON:ENQ) has confirmed a new discovery in the central North Sea. EnQuest said the implementation of its 2016 drilling programme has been excellent. Drilling of the Scolty/Crathes...

  • 01 Jul
    14:32
    Range publishes investor Q&A

    Range Resources has published its ongoing investor Q&A addressing questions from shareholders, which can be accessed at: http://www.rangeresources.co.uk/uploads/media/Investor_QA_010716.pdf....

  • 24 Jun
    16:19
    Oil, Gas Roundup

    Nostra Terra (LON:NTOG) has noted recent comment on social media regarding its asset in the Chisholm Trail prospect in Oklahoma and confirmed it is considering the sale of this asset and further...

  • 22 Jun
    16:13
    Oil, Gas Roundup

    Petrel Resources (LON:PET) has been advised that Ghana's ministry of petroleum is available for negotiations over the block named 'Lukoil B'. The ministry has reviewed Petrel Resources' entire...

  • 22 Jun
    11:40
    FTSE strengthens ahead of Brexit vote

    Investors were cautiously optimistic ahead of the EU referendum with the FTSE 100 in positive territory. Mid cap companies struggled to gain momentum as a result of disappointing trading results....

  • 22 Jun
    07:19
    Range gets approval to spud MD 51-2 well

    Range Resources (RRL) received approval to spud the MD 51-2 development well, which is expected to spud early next month. The workover programme on existing wells was reviewed to focus on the most...

  • 31 May
    16:15
    Oil, Gas Roundup

    HaiKe Chemical (LON:HAIK) was the sector's biggest riser after it posted a modest profit in difficult conditions. Turnover for the year to the end of December fell by 25.3% to CNY727.5...

  • 31 May
    09:16
    RRL says Beach Marcelle waterflood begins

    Range Resources has issued an update on its waterflood projects in Trinidad, the highlights of which are given below. "I am extremely pleased with the commencement of injection on our second...

  • 31 May
    07:09
    FLASH: RRL says Beach Marcelle waterflood begins

    Story provided by StockMarketWire.com

  • 27 May
    15:59
    Oil, Gas Roundup

    Circle Oil (LON:COP) was the sector's biggest riser after it confirmed that International Finance Corporation has agreed to extend the suspension of the December 2015 redetermination and any...

  • 27 May
    07:52
    Range Resources updates on ASX suspension

    Range Resources said its voluntary suspension on ASX will not affect its share trading on AIM. Range is in the process of appointing an Australian resident director, as a result of David Chen...

  • 25 May
    16:19
    Oil, Gas Roundup

    Independent Resources (LON:IRG) was one of the sector's biggest risers after it announced further substantial progress in improving its financial position through reducing its indebtedness by a...

  • 25 May
    09:18
    Range Resources appoints new chairman

    Range Resources said non-executive director Zhiwei (Kerry) Gu will assume the role of non-executive chairman, effective immediately and replacing David Chen. Chen has stepped down from the role of...

  • 17 May
    16:08
    Oil, Gas Roundup

    Range Resources' (LON:RRL) shares were up in later trading after it reached a binding agreement with Lind Asset Management to settle all outstanding claims and disputes between the parties,...

  • 17 May
    07:49
    RRL reaches settlement agreement with Lind

    Range Resources has reached a binding agreement with Lind Asset Management to settle all outstanding claims and disputes between the parties, allowing it to draw a line under this long-running...

  • 17 May
    07:01
    FLASH: RRL reaches settlement agreement with Lind

    Story provided by StockMarketWire.com

  • 12 May
    15:49
    Oil, Gas Roundup

    Nostra Terra Oil and Gas (LON:NTOG) was the sector's biggest faller in late trading after it set out plans to improve capital structure of the company. Background to and reasons for the Capital...

  • 12 May
    09:41
    Range Resources to drill follow-up development well

    Range Resources is to drill a follow-up development well named MD 51-2 after highly encouraging results of the recently bored MD 250 well in Trinidad. "This will be a directional well to be...

  • 12 May
    07:21
    FLASH: Range Resources issues drilling programme update

    Story provided by StockMarketWire.com

  • 09 May
    16:00
    Oil, Gas Roundup

    Iofina (LON:IOF) was the sector's biggest riser after pre-tax losses narrowed to $3.31m in the year to the end of December from $6.71m in 2014. And the group reports EBITDA of $492,000 for the...

  • 09 May
    07:40
    RRL says royalty rates reduced in Trinidad

    Range Resources has signed an agreement with the Petroleum Company of Trinidad and Tobago Ltd to reduce the overriding royalty rates (ORRs) on its producing Morne Diablo, Beach Marcelle and South...

  • 09 May
    07:07
    FLASH: RRL says royalty rates reduced in Trinidad

    Story provided by StockMarketWire.com

  • 21 Apr
    15:42
    Oil, Gas Roundup

    Range Resources (LON:RRL) was the sector's biggest riser after it provided a quarterly report on activities for the period ended 31 March. TRINIDAD OPERATIONS: � The Company's oil and gas...

  • 21 Apr
    09:38
    Range Resources issues quarterly activities report

    Range Resources has provided a quarterly activities report for the period ended 31 March 2016. TRINIDAD OPERATIONS: · The Company's oil and gas production for the period was 50,148 bbls...

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