4 June 2014
ASX Code: RRS and AIM Code: RRL
Range ResourcesLimited
("Range" or "the Company")
Voluntary Delisting from OTCQX
As part of corporate streamlining, Range announces that the common shares of
the Company will be voluntarily delisted from the OTCQX effective as of the
close of market on 20th June 2014. The common shares of Range will
continue to trade on the AIM under the code "RRL" and on the ASX under the code
"RRS".
Yours faithfully
Rory Scott Russell
Chief Executive Officer
Contacts Buchanan (Financial PR - UK)
Range Resources Limited Ben Romney / Helen Chan
Rory Scott Russell T: +44 (0) 20 7466 5000
E: rangeresources@buchanan.uk.com
GMP Securities Europe LLP (Joint Cantor Fitzgerald(Nominated Advisorand
Broker) Joint Broker)
Rob Collins / Liz Williamson David Porter / Tom Sheldon / Julian
T: +44 (0) 207 647 2800 Erleigh (Corporate finance) / Richard
Redmayne (Corporate broking)
T: +44 (0) 20 7894 7000
PPR (Financial PR -Australia)
David Tasker
T: +61 (8) 9388 0944
E: david.tasker@ppr.com.au
Range Background
Range Resources Limited is a dual listed (ASX:RRS; AIM:RRL) oil & gas
exploration company with oil & gas interests in Trinidad; Puntland, Somalia;
the Republic of Georgia; Guatemala; Texas, USA, and Colombia.
* In Trinidad Range holds a 100% interest in holding companies with three
onshore production licenses and a fully operational drilling subsidiary.
Independently assessed Proved (P1) reserves in place of 17.5 MMBO with 25.2
MMBO of proved, probable and possible (3P) reserves and an additional 81
MMBO of unrisked prospective resources. Range also has a farm in with Niko
Resources giving it exposure to circa 280,000 acres of prospective onshore
and offshore acreage.
* In the Republic of Georgia, Range holds a 45% farm-in interest in onshore
blocks VIa and VIb, covering approx. 7,000sq.km. The Company is focussing
on a revised development strategy that will focus on low-cost, shallow
appraisal drilling of the contingent resources around the Tkibuli-Shaori
("Tkibuli") coal deposit, which straddles the central sections of the
Company's two blocks, along with attracting potential farm-in partners
across the license areas given the recent review performed across the
licenses.
* In Puntland, Range holds a 20% working interest in two licenses
encompassing the highly
prospective Dharoor and Nugaal valleys. The operator and 60% interest
holder, Horn Petroleum
Corp. (TSXV: HRN) has completed two exploration wells and will continue
with a further seismic and well program over the next 12-18 months.
* Range has taken a strategic stake in Citation Resources Limited (ASX: CTR)
and Latin American Resources (LAR) which hold interest in two oil and gas
development and exploration blocks in Guatemala with Canadian NI 51-101
certified proved plus probable (2P) reserves of 2.3 MMBBL (100% basis).
Range has a direct and indirect 24% interest in the Guatemalan Project.
Australia London
Ground Floor, 1 Havelock Street, West Suite 1A, Prince's House, 38 Jermyn
Perth WA 6005, Australia Street, London SW1 6DN
t:+61 8 9488 5220, f:+61 8 9324 2400 t:+44 (0)207 025 7040, f:+44 207 287
e:admin@rangeresources.com.au 8028
w: www.rangeresources.com.au
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