New well spuds in Trinidad (news with additiona...

Range Resources Limited / Miscellaneous New well spuds in Trinidad (news with additional features) 14-March-2016 / 06:44 Europe/London Dissemination of a Regulatory Announcement, transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement. New well spuds in Trinidad Range is pleased to advise that approval for the new 4,000 m drilling rig has been granted to RRDSL (a wholly owned subsidiary of LandOcean Energy Services Co., Ltd). Subsequently, the MD 51-1 development well (renamed MD 250 well) successfully spudded on 10 March 2016 using the rig. The well is drilling ahead to a total depth of 4,150 feet and is expected to take four to five weeks to reach target depth. The MD 250 well is the first development well to be drilled using one of RRDSL's new rigs. The well will test deeper horizons of the Upper and Middle Cruse sand trends and explore the potential of out-step drilling. MD 250 is a directional well from the previously drilled MD 248 well location. The Upper Cruse sands, though penetrated by numerous surrounding wells, have not been fully exploited in this area of the Morne Diablo field. The Middle Cruse sands have been identified as well-developed in nearby wells with some of those having produced in excess of 100,000 barrels from this horizon during the well life. As previously announced, RRDSL successfully completed construction of a three-cellar drilling pad during 2015. Initially, the MD 250 well will be drilled from the drilling pad. Drilling of further wells from the drilling pad will be evaluated dependent on the results from this well. Further three new drilling rigs of RRDSL are currently undergoing certification and will be brought into drilling operations once approved.   Contact Details     Range Resources Limited Evgenia Bezruchko (Group Corporate Development Manager) e. [e-mail] t. [phone] Cantor Fitzgerald Europe (Nominated Advisor and Broker) David Porter / Sarah Wharry (Corporate Finance) Richard Redmayne (Corporate Broking) t. [phone] +++++ Additional features: Document:http://n.eqs.com/c/fncls.ssp?u=KMXIKVJCCT Document title: New well spuds in Trinidad 14-March-2016 The EQS Distribution Services include Regulatory Announcements as well as Financial and Media Releases. Media archive at www.dgap.de/ukreg

Language:	English
Company:	Range Resources Limited
	Ground Floor, BGC Centre, 28 The Esplanade
	WA 6000 Perth
	Australia
Phone:	[phone]
E-mail:	[e-mail]
Internet:	www.rangeresources.co.uk
ISIN:	AU000000RRS3
WKN:	874152
Listed:	London
Category Code:	MSC
TIDM:	RRL
Sequence Number:	3045
Time of Receipt:	14-March-2016 / 06:44 Europe/London

End of Announcement	EQS News Service

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