Drilling rigs sale update

RNS Number : 7804S

Range Resources Limited

08 November 2019

 

Range Resources Limited                                                                 

('Range' or 'the Company') 

8 November 2019

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

DRILLING RIGS SALE UPDATE

Range, an international company with oil and gas projects and oilfield service businesses in Trinidad and Indonesia, provides an update in relation to the sale of four drilling rigs and related equipment of its subsidiary Range Resources Drilling Services Limited ("RRDSL"), as announced on 23 October 2019 (the "Transaction").

Following request by Wilson Energy Services Inc. (the "Buyer"), RRDSL agreed to extend the closing date for the Transaction to 22 November 2019. In the event that closing is delayed beyond 22 November 2019, it will be subject to a late closing fee payable by the Buyer.

Contact details
Range Resources Limited Evgenia Bezruchko (Group Corporate Development Manager & Joint Company Secretary) e. [e-mail] t.   [phone]	Cantor Fitzgerald Europe (Nominated Adviser and Broker) David Porter / Rick Thompson (Corporate Finance) t.   [phone]

 

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