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| eröffnet am: | 02.07.08 10:43 von: | buran | Anzahl Beiträge: | 121 |
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--button_text--
interessant
|
|
witzig
|
|
gut analysiert
|
|
informativ
|
0
Zeit Kurs Stück
10:28:23 0,01 € 5.000
__________________
GRATULATION
10:28:23 0,01 € 5.000
__________________
GRATULATION
Optionen
| Antwort einfügen |
| Boardmail an "buran" |
|
Wertpapier:
Range Resources Ltd.
|
0
Branche Rohstoffe (Allgemein)
HerkunftAustralien §
Website§www.rangeresources.com.au
Aktienanzahl§2.505 Mio. (Stand: 13.03.13)
Marktkap.§5,01 Mio. €
buran und MfG und Tüddel Büddel
HerkunftAustralien §
Website§www.rangeresources.com.au
Aktienanzahl§2.505 Mio. (Stand: 13.03.13)
Marktkap.§5,01 Mio. €
buran und MfG und Tüddel Büddel
Optionen
| Antwort einfügen |
| Boardmail an "buran" |
|
Wertpapier:
Range Resources Ltd.
|
0
- Time Clarification
02:40 14.05.14
PR Newswire
London, May 14
14 May 2014 ASX Code: RRS and AIM Code: RRL
Range Resources Limited
("Range" or "the Company")
Investor Conference Call - Time Clarification
As previously announced, the Company will be holding a conference call to
update analysts and investors today. To clarify, it will be held at 09.00 BST -
British Summer Time (not 09.00 GMT as previously stated).
To participate in this conference call and access full features, such as the
presentation slides, please log on to
www.meetingzone.com/presenter/?partCEC=2789681 and use participants' PIN to
log in: 2789681.
To dial in via telephone please dial 0808 109 0700 UK toll free, 1800 681 584
Australia toll Free, or +44 (0)20 3003 2666 if you are calling from outside the
UK. Telephone operators will ask participants to provide a password, which is
Range Resources.
If you are unable to listen to the live call, it will be archived for up to 7
days on the Company's website.
Range's CEO, Rory Scott Russell, will be hosting the call followed by questions
and answers.
Contacts
Range Resources Limited Buchanan (Financial PR - UK)
Rory Scott Russell Tim Thompson / Helen Chan
T: +44 (0) 20 7466 5000
E: rangeresources@buchanan.uk.com
GMP Securities Europe LLP (Broker) RFC Ambrian Limited (Nominated Advisor)
Rob Collins / Liz Williamson Samantha Harrison / Trinity McIntyre
T: +44 (0) 207 647 2800 T: +44 (0) 20 3440 6800 / +61 (8) 9480 2500
PPR (Financial PR -Australia) Dahlman Rose & Company (Principal American Liaison)
David Tasker OTCQX International Market (U.S.)
T: +61 (8) 9388 0944 Christopher Weekes / Stephen Nash
E: david.tasker@ppr.com.au T: +1 (212)-372-5766 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 8028
e:admin@rangeresources.com.au w: www.rangeresources.com.au
Quelle: PR Newswire
02:40 14.05.14
PR Newswire
London, May 14
14 May 2014 ASX Code: RRS and AIM Code: RRL
Range Resources Limited
("Range" or "the Company")
Investor Conference Call - Time Clarification
As previously announced, the Company will be holding a conference call to
update analysts and investors today. To clarify, it will be held at 09.00 BST -
British Summer Time (not 09.00 GMT as previously stated).
To participate in this conference call and access full features, such as the
presentation slides, please log on to
www.meetingzone.com/presenter/?partCEC=2789681 and use participants' PIN to
log in: 2789681.
To dial in via telephone please dial 0808 109 0700 UK toll free, 1800 681 584
Australia toll Free, or +44 (0)20 3003 2666 if you are calling from outside the
UK. Telephone operators will ask participants to provide a password, which is
Range Resources.
If you are unable to listen to the live call, it will be archived for up to 7
days on the Company's website.
Range's CEO, Rory Scott Russell, will be hosting the call followed by questions
and answers.
Contacts
Range Resources Limited Buchanan (Financial PR - UK)
Rory Scott Russell Tim Thompson / Helen Chan
T: +44 (0) 20 7466 5000
E: rangeresources@buchanan.uk.com
GMP Securities Europe LLP (Broker) RFC Ambrian Limited (Nominated Advisor)
Rob Collins / Liz Williamson Samantha Harrison / Trinity McIntyre
T: +44 (0) 207 647 2800 T: +44 (0) 20 3440 6800 / +61 (8) 9480 2500
PPR (Financial PR -Australia) Dahlman Rose & Company (Principal American Liaison)
David Tasker OTCQX International Market (U.S.)
T: +61 (8) 9388 0944 Christopher Weekes / Stephen Nash
E: david.tasker@ppr.com.au T: +1 (212)-372-5766 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 8028
e:admin@rangeresources.com.au w: www.rangeresources.com.au
Quelle: PR Newswire
Optionen
| Antwort einfügen |
| Boardmail an "buran" |
|
Wertpapier:
Range Resources Ltd.
|
0
RANGE RESOURCES LTD - Latest Company Presentation
03:40 14.05.14
PR Newswire
London, May 14
14 May 2014 ASX Code: RRS and AIM Code: RRL
Range Resources Limited
("Range" or "the Company")
Latest Company Presentation
Range announces that today it has published the latest version of its Company
presentation, which is being presented at the Investor Update Call held today
at 09.00 BST, and is available on Range's website: http://www.rangeresources.com.au.
Contacts
Range Resources Limited Buchanan (Financial PR - UK)
Rory Scott Russell Tim Thompson / Helen Chan
T: +44 (0) 20 7466 5000
E: rangeresources@buchanan.uk.com
GMP Securities Europe LLP (Broker) RFC Ambrian Limited (Nominated Advisor)
Rob Collins / Liz Williamson Samantha Harrison / Trinity McIntyre
T: +44 (0) 207 647 2800 T: +44 (0) 20 3440 6800 / +61 (8) 9480
2500
PPR (Financial PR -Australia) Dahlman Rose & Company (Principal American Liaison)
David Tasker OTCQX International Market (U.S.)
T: +61 (8) 9388 0944 Christopher Weekes / Stephen Nash
E: david.tasker@ppr.com.au T: +1 (212)-372-5766 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
Quelle: PR Newswir
03:40 14.05.14
PR Newswire
London, May 14
14 May 2014 ASX Code: RRS and AIM Code: RRL
Range Resources Limited
("Range" or "the Company")
Latest Company Presentation
Range announces that today it has published the latest version of its Company
presentation, which is being presented at the Investor Update Call held today
at 09.00 BST, and is available on Range's website: http://www.rangeresources.com.au.
Contacts
Range Resources Limited Buchanan (Financial PR - UK)
Rory Scott Russell Tim Thompson / Helen Chan
T: +44 (0) 20 7466 5000
E: rangeresources@buchanan.uk.com
GMP Securities Europe LLP (Broker) RFC Ambrian Limited (Nominated Advisor)
Rob Collins / Liz Williamson Samantha Harrison / Trinity McIntyre
T: +44 (0) 207 647 2800 T: +44 (0) 20 3440 6800 / +61 (8) 9480
2500
PPR (Financial PR -Australia) Dahlman Rose & Company (Principal American Liaison)
David Tasker OTCQX International Market (U.S.)
T: +61 (8) 9388 0944 Christopher Weekes / Stephen Nash
E: david.tasker@ppr.com.au T: +1 (212)-372-5766 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
Quelle: PR Newswir
Optionen
| Antwort einfügen |
| Boardmail an "buran" |
|
Wertpapier:
Range Resources Ltd.
|
0
10:20 27.05.14
PR Newswire
London, May 27
27 May 2014
The Manager
Company Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge Street
Sydney NSW 2000
By E-Lodgement ASX Code: RRS and AIM Code: RRL
Range Resources
("Range" or "the Company")
Appendix 3B
Issue of shares
Range announces the issue of 67,666,667 Ordinary Fully Paid Shares pursuant to
the conversion of debt at $0.001 per share, 25,500,000 Unlisted Options issued
for debt conversion as per agreement with Hudson Bay Master Fund (£0.005, 31
May 2017).
Application will be made for the 67,666,667 new shares to be admitted to
trading on the ASX and AIM. Trading in the new shares is expected to commence
on or around 2 June 2014.
Following the issue of these securities the total number of securities on issue
are as follows:
3,943,068,643 Ordinary Fully Paid Shares
80,508,341 Options ($0.05, 31 January 2016)
855,166 Unlisted Options (£0.04p, 30 June 2015)
7,058,824 Unlisted Options (£0.17p, 30 April
2016)
17,921,146
Class B Performance Shares
5,180,000
Unlisted Options (£0.075p, 31 January
9,000,000 2017)
15,708,801 Unlisted Options (£0.125p, 31 March
2015)
32,275,862
Unlisted Options (£0.0615, 19 October
5,000,000 2015)
5,000,000 Unlisted Options (£0.05075, 30 November
2015)
146,533,850
Unlisted Options ($0.10, 31 January
5,000,000 2016)
476,190 Unlisted Options ($0.06, 10 February
2016)
952,381
Unlisted Options (£0.04, 30 April 2016)
6,714,284
Unlisted Options (£0.037, 11 July 2016)
9,000,000
Unlisted Options (£0.021, 25 July 2016)
3,947,369
Unlisted Options (£0.021, 29 July 2016)
8,666,670
Unlisted Options (£0.021, 31 August
694,445 2016)
2,205,885 Unlisted Options (£0.02, 31 August
2016)
1,250,000
Unlisted Options (£0.19, 30 September
17,333,336 2016)
3,000,000 Unlisted Options (£0.18, 30 September
2016)
1,428,571
Unlisted Options (£0.018, 31 October
3,923,077 2016)
2,000,000 Unlisted Options (£0.017, 31 October
2016)
4,083,334
Unlisted Options (£0.016, 31 October
20,545,457 2016)
21,136,365 Unlisted Options (£0.015, 31 October
2016)
1,450,690
Unlisted Options (£0.015, 30 November
7,500,000 2016)
3,125,000 Unlisted Options (£0.014, 30 November
2016)
6,250,000
Unlisted Options (£0.013, 30 November
14,583,334 2016)
7,500,000 Unlisted Options ($0.0321, 11 December
2016)
33,000,000
Unlisted Options (£0.012, 31 December
2016)
Unlisted Options (£0.011, 31 December
2016)
Unlisted Options (£0.011, 31 January
2017)
Unlisted Options (£0.010, 28 February
2017)
Unlisted Options (£0.012, 1 March 2017)
Unlisted Options (£0.008, 31 March
2017)
Unlisted Options (£0.006, 31 March
2017)
Unlisted Options (£0.006, 30 April
2017)
Unlisted Options (£0.005, 30 April
2017)
Unlisted Options (£0.005, 31 May 2017)
Yours faithfully Rory Scott Russell
Chief Executive Officer
Contacts
Range Resources Limited Buchanan (Financial PR - UK)
Rory Scott Russell Ben Romney / Helen Chan
T: +44 (0) 20 7466 5000
E: rangeresources@buchanan.uk.com
GMP Securities Europe LLP (Broker) RFC Ambrian Limited (Nominated Advisor)
Rob Collins / Liz Williamson Samantha Harrison / Trinity McIntyre
T: +44 (0) 207 647 2800 T: +44 (0) 20 3440 6800 / +61 (8) 9480
2500
PPR (Financial PR -Australia) Cowen Group(Principal American Liaison)
OTCQX International Market (U.S.)
David Tasker
Christopher Weekes / Stephen Nash
T: +61 (8) 9388 0944
T: +1 646 562 1000
E: david.tasker@ppr.com.au 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
Quelle: PR Newswire
PR Newswire
London, May 27
27 May 2014
The Manager
Company Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge Street
Sydney NSW 2000
By E-Lodgement ASX Code: RRS and AIM Code: RRL
Range Resources
("Range" or "the Company")
Appendix 3B
Issue of shares
Range announces the issue of 67,666,667 Ordinary Fully Paid Shares pursuant to
the conversion of debt at $0.001 per share, 25,500,000 Unlisted Options issued
for debt conversion as per agreement with Hudson Bay Master Fund (£0.005, 31
May 2017).
Application will be made for the 67,666,667 new shares to be admitted to
trading on the ASX and AIM. Trading in the new shares is expected to commence
on or around 2 June 2014.
Following the issue of these securities the total number of securities on issue
are as follows:
3,943,068,643 Ordinary Fully Paid Shares
80,508,341 Options ($0.05, 31 January 2016)
855,166 Unlisted Options (£0.04p, 30 June 2015)
7,058,824 Unlisted Options (£0.17p, 30 April
2016)
17,921,146
Class B Performance Shares
5,180,000
Unlisted Options (£0.075p, 31 January
9,000,000 2017)
15,708,801 Unlisted Options (£0.125p, 31 March
2015)
32,275,862
Unlisted Options (£0.0615, 19 October
5,000,000 2015)
5,000,000 Unlisted Options (£0.05075, 30 November
2015)
146,533,850
Unlisted Options ($0.10, 31 January
5,000,000 2016)
476,190 Unlisted Options ($0.06, 10 February
2016)
952,381
Unlisted Options (£0.04, 30 April 2016)
6,714,284
Unlisted Options (£0.037, 11 July 2016)
9,000,000
Unlisted Options (£0.021, 25 July 2016)
3,947,369
Unlisted Options (£0.021, 29 July 2016)
8,666,670
Unlisted Options (£0.021, 31 August
694,445 2016)
2,205,885 Unlisted Options (£0.02, 31 August
2016)
1,250,000
Unlisted Options (£0.19, 30 September
17,333,336 2016)
3,000,000 Unlisted Options (£0.18, 30 September
2016)
1,428,571
Unlisted Options (£0.018, 31 October
3,923,077 2016)
2,000,000 Unlisted Options (£0.017, 31 October
2016)
4,083,334
Unlisted Options (£0.016, 31 October
20,545,457 2016)
21,136,365 Unlisted Options (£0.015, 31 October
2016)
1,450,690
Unlisted Options (£0.015, 30 November
7,500,000 2016)
3,125,000 Unlisted Options (£0.014, 30 November
2016)
6,250,000
Unlisted Options (£0.013, 30 November
14,583,334 2016)
7,500,000 Unlisted Options ($0.0321, 11 December
2016)
33,000,000
Unlisted Options (£0.012, 31 December
2016)
Unlisted Options (£0.011, 31 December
2016)
Unlisted Options (£0.011, 31 January
2017)
Unlisted Options (£0.010, 28 February
2017)
Unlisted Options (£0.012, 1 March 2017)
Unlisted Options (£0.008, 31 March
2017)
Unlisted Options (£0.006, 31 March
2017)
Unlisted Options (£0.006, 30 April
2017)
Unlisted Options (£0.005, 30 April
2017)
Unlisted Options (£0.005, 31 May 2017)
Yours faithfully Rory Scott Russell
Chief Executive Officer
Contacts
Range Resources Limited Buchanan (Financial PR - UK)
Rory Scott Russell Ben Romney / Helen Chan
T: +44 (0) 20 7466 5000
E: rangeresources@buchanan.uk.com
GMP Securities Europe LLP (Broker) RFC Ambrian Limited (Nominated Advisor)
Rob Collins / Liz Williamson Samantha Harrison / Trinity McIntyre
T: +44 (0) 207 647 2800 T: +44 (0) 20 3440 6800 / +61 (8) 9480
2500
PPR (Financial PR -Australia) Cowen Group(Principal American Liaison)
OTCQX International Market (U.S.)
David Tasker
Christopher Weekes / Stephen Nash
T: +61 (8) 9388 0944
T: +1 646 562 1000
E: david.tasker@ppr.com.au 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
Quelle: PR Newswire
Optionen
| Antwort einfügen |
| Boardmail an "buran" |
|
Wertpapier:
Range Resources Ltd.
|
0
RANGE RESOURCES LTD - Appointment of Chief Financial Officer
08:05 28.05.14
PR Newswire
London, May 27
28 May 2014
ASX Code: RRS and AIM Code: RRL
Range Resources Limited
("Range" or "the Company")
Appointment of Chief Financial Officer
Range is pleased to announce with immediate effect the appointment of Mr. Nick
Beattie as Chief Financial Officer ("CFO"), to be based in London.
Nick Beattie, aged 40, has over twenty years of experience in finance working
with a range of international banks. Most recently Nick was a Managing
Director in the BNP Paribas Upstream Oil and Gas team in London where he was
responsible for leading the bank relationships with UK focused independent E&P
companies. He has approximately ten years' experience specifically financing
the E&P sector and whilst at BNP Paribas, Nick structured and led numerous
reserve based loans, development financings and other debt facilities. Prior
to working with BNP Paribas, Nick worked as a Director within the Oil and Gas
finance team at Fortis Bank covering Europe, Middle East and Africa and in a
variety of roles with National Australia Bank Group. Nick is an Associate
Member of the Association of Corporate Treasurers and a Fellow of the Chartered
Institute of Bankers in Scotland.
Rory Scott Russell, CEO, commented:
"I am delighted to announce the appointment of Nick Beattie as our new CFO,
which further enhances the Company's senior management team. Nick brings a
wealth of highly valuable knowledge, as well as an extensive range of finance
skills and commercial experience in international financing of Oil and Gas
projects. This will add invaluable experience to complement the skills of the
existing executive team, as the Company continues to develop and grow in the
years ahead." Yours faithfully
Rory Scott Russell
Chief Executive Officer Contacts
Range Resources Limited Buchanan (Financial PR - UK)
Rory Scott Russell Ben Romney / Helen Chan
T: +44 (0) 20 7466 5000
E: rangeresources@buchanan.uk.com
GMP Securities Europe LLP (Broker) RFC Ambrian Limited (Nominated Advisor)
Rob Collins / Liz Williamson Samantha Harrison / Trinity McIntyre
T: +44 (0) 207 647 2800 T: +44 (0) 20 3440 6800 / +61 (8) 9480 2500
PPR (Financial PR -Australia) Cowen Group(Principal American Liaison)
David Tasker OTCQX International Market (U.S.)
T: +61 (8) 9388 0944 Christopher Weekes / Stephen Nash
E: david.tasker@ppr.com.au T: +1 646 562 1000 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 the option to earn a 65% (option to move to 75%) interest in
PUT-6 block in Putumayo Basin in Southern Colombia, which the Company is
currently reviewing.
* 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 32% 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
Quelle: PR Newswire
08:05 28.05.14
PR Newswire
London, May 27
28 May 2014
ASX Code: RRS and AIM Code: RRL
Range Resources Limited
("Range" or "the Company")
Appointment of Chief Financial Officer
Range is pleased to announce with immediate effect the appointment of Mr. Nick
Beattie as Chief Financial Officer ("CFO"), to be based in London.
Nick Beattie, aged 40, has over twenty years of experience in finance working
with a range of international banks. Most recently Nick was a Managing
Director in the BNP Paribas Upstream Oil and Gas team in London where he was
responsible for leading the bank relationships with UK focused independent E&P
companies. He has approximately ten years' experience specifically financing
the E&P sector and whilst at BNP Paribas, Nick structured and led numerous
reserve based loans, development financings and other debt facilities. Prior
to working with BNP Paribas, Nick worked as a Director within the Oil and Gas
finance team at Fortis Bank covering Europe, Middle East and Africa and in a
variety of roles with National Australia Bank Group. Nick is an Associate
Member of the Association of Corporate Treasurers and a Fellow of the Chartered
Institute of Bankers in Scotland.
Rory Scott Russell, CEO, commented:
"I am delighted to announce the appointment of Nick Beattie as our new CFO,
which further enhances the Company's senior management team. Nick brings a
wealth of highly valuable knowledge, as well as an extensive range of finance
skills and commercial experience in international financing of Oil and Gas
projects. This will add invaluable experience to complement the skills of the
existing executive team, as the Company continues to develop and grow in the
years ahead." Yours faithfully
Rory Scott Russell
Chief Executive Officer Contacts
Range Resources Limited Buchanan (Financial PR - UK)
Rory Scott Russell Ben Romney / Helen Chan
T: +44 (0) 20 7466 5000
E: rangeresources@buchanan.uk.com
GMP Securities Europe LLP (Broker) RFC Ambrian Limited (Nominated Advisor)
Rob Collins / Liz Williamson Samantha Harrison / Trinity McIntyre
T: +44 (0) 207 647 2800 T: +44 (0) 20 3440 6800 / +61 (8) 9480 2500
PPR (Financial PR -Australia) Cowen Group(Principal American Liaison)
David Tasker OTCQX International Market (U.S.)
T: +61 (8) 9388 0944 Christopher Weekes / Stephen Nash
E: david.tasker@ppr.com.au T: +1 646 562 1000 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 the option to earn a 65% (option to move to 75%) interest in
PUT-6 block in Putumayo Basin in Southern Colombia, which the Company is
currently reviewing.
* 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 32% 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
Quelle: PR Newswire
Optionen
| Antwort einfügen |
| Boardmail an "buran" |
|
Wertpapier:
Range Resources Ltd.
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0
RANGE RESOURCES LTD - US$12 Million Financing Update
08:05 29.05.14
PR Newswire
London, May 28
29 May 2014
ASX Code: RRS and AIM Code: RRL
Range ResourcesLimited
("Range" or "the Company")
US$12 Million Financing Update
Range is pleased to confirm that, further to the previously announced US$12
million financing with Abraham Ltd (the Investor) (see announcement on 15 May
2014), the full Subscription proceeds of US$12 million have been received by
the Company.
As per the terms of the Subscription Agreement, the Investor will now be issued
with Ordinary Fully Paid Shares of the Company (Share or Shares) in two equal
tranches. In each tranche, the Shares will be subscribed at a price of £0.01
per share, representing a premium of approximately 49% to the mid market share
price at the close of business on AIM on 14 May 2014.
Based on the applicable exchange rate for the first tranche of US$6 million,
the Investor will subscribe for 356,188,780 Shares which will be issued on or
around 28 May 2014 and admission to trading on AIM is expected on or around 6
June 2014.
The second tranche of Shares is subject to shareholder approval. The US$6
million will be repayable to the Investor if Range shareholder approval is not
obtained within 60 days of the date of signing the Subscription Agreement for
the issue of the second tranche of shares and for the warrants (as set out on
the announcement on 15 May 2014). The Company will provide details of the
upcoming General Meeting via a separate announcement.
Upon completion of the two tranche Subscription, and subject to shareholder
approval, the Investor is expected to hold approximately 15% of the enlarged
share capital of the Company.
The funds will be used to repay existing debt and for general working capital
of the Company. Further details on debt repayment will be provided in due
course.
Terms used in this announcement shall have the same meanings given to them in
the announcement on 15 May 2014.
Clarification to the announcement released on 27 May 2014
The Company notes an administrative error in the announcement released on 27
May 2014 `Issue of Shares'. The conversion price of 67,666,667 Ordinary Fully
Paid Shares pursuant to the conversion of debt is $0.01 per share and not
$0.001 per share as previously stated.
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 (Broker) RFC Ambrian Limited (Nominated Advisor)
Rob Collins / Liz Williamson Samantha Harrison / Trinity McIntyre
T: +44 (0) 207 647 2800 T: +44 (0) 20 3440 6800 / +61 (8) 9480
2500
PPR (Financial PR -Australia) Cowen Group(Principal American Liaison)
OTCQX International Market (U.S.)
David Tasker
Christopher Weekes / Stephen Nash
T: +61 (8) 9388 0944
T: +1 646 562 1000
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 the option to earn a 65% (option to move to 75%) interest in
PUT-6 block in Putumayo Basin in Southern Colombia, which the Company is
currently reviewing.
* 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 32% interest in the Guatemalan Project.
Page 3 of 3
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
Quelle: PR Newswire
08:05 29.05.14
PR Newswire
London, May 28
29 May 2014
ASX Code: RRS and AIM Code: RRL
Range ResourcesLimited
("Range" or "the Company")
US$12 Million Financing Update
Range is pleased to confirm that, further to the previously announced US$12
million financing with Abraham Ltd (the Investor) (see announcement on 15 May
2014), the full Subscription proceeds of US$12 million have been received by
the Company.
As per the terms of the Subscription Agreement, the Investor will now be issued
with Ordinary Fully Paid Shares of the Company (Share or Shares) in two equal
tranches. In each tranche, the Shares will be subscribed at a price of £0.01
per share, representing a premium of approximately 49% to the mid market share
price at the close of business on AIM on 14 May 2014.
Based on the applicable exchange rate for the first tranche of US$6 million,
the Investor will subscribe for 356,188,780 Shares which will be issued on or
around 28 May 2014 and admission to trading on AIM is expected on or around 6
June 2014.
The second tranche of Shares is subject to shareholder approval. The US$6
million will be repayable to the Investor if Range shareholder approval is not
obtained within 60 days of the date of signing the Subscription Agreement for
the issue of the second tranche of shares and for the warrants (as set out on
the announcement on 15 May 2014). The Company will provide details of the
upcoming General Meeting via a separate announcement.
Upon completion of the two tranche Subscription, and subject to shareholder
approval, the Investor is expected to hold approximately 15% of the enlarged
share capital of the Company.
The funds will be used to repay existing debt and for general working capital
of the Company. Further details on debt repayment will be provided in due
course.
Terms used in this announcement shall have the same meanings given to them in
the announcement on 15 May 2014.
Clarification to the announcement released on 27 May 2014
The Company notes an administrative error in the announcement released on 27
May 2014 `Issue of Shares'. The conversion price of 67,666,667 Ordinary Fully
Paid Shares pursuant to the conversion of debt is $0.01 per share and not
$0.001 per share as previously stated.
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 (Broker) RFC Ambrian Limited (Nominated Advisor)
Rob Collins / Liz Williamson Samantha Harrison / Trinity McIntyre
T: +44 (0) 207 647 2800 T: +44 (0) 20 3440 6800 / +61 (8) 9480
2500
PPR (Financial PR -Australia) Cowen Group(Principal American Liaison)
OTCQX International Market (U.S.)
David Tasker
Christopher Weekes / Stephen Nash
T: +61 (8) 9388 0944
T: +1 646 562 1000
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 the option to earn a 65% (option to move to 75%) interest in
PUT-6 block in Putumayo Basin in Southern Colombia, which the Company is
currently reviewing.
* 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 32% interest in the Guatemalan Project.
Page 3 of 3
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
Quelle: PR Newswire
Optionen
| Antwort einfügen |
| Boardmail an "buran" |
|
Wertpapier:
Range Resources Ltd.
|
0
RANGE RESOURCES LTD - Change of Adviser
08:05 30.05.14
PR Newswire
London, May 29
30 May 2014
ASX Code: RRS and AIM Code: RRL
Range Resources Limited
("Range" or "the Company")
Change of Adviser
Range is pleased to announce that it has appointed Cantor Fitzgerald Europe as
its Nominated Adviser and Joint Broker with immediate effect. GMP Europe will
continue to act as the Company's Joint Broker.
Commenting on today's announcement, Rory Scott Russell, CEO, said:
"We are delighted to have appointed Cantor Fitzgerald Europe. We look forward
to working with them as we seek to realise the full potential from our
portfolio and create value for our shareholders." 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) Cowen Group(Principal American Liaison)
David Tasker OTCQX International Market (U.S.)
T: +61 (8) 9388 0944 Christopher Weekes / Stephen Nash
E: david.tasker@ppr.com.au T: +1 646 562 1000 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 the option to earn a 65% (option to move to 75%) interest in
PUT-6 block in Putumayo Basin in Southern Colombia, which the Company is
currently reviewing.
* 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 32% 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
Quelle: PR Newswire
08:05 30.05.14
PR Newswire
London, May 29
30 May 2014
ASX Code: RRS and AIM Code: RRL
Range Resources Limited
("Range" or "the Company")
Change of Adviser
Range is pleased to announce that it has appointed Cantor Fitzgerald Europe as
its Nominated Adviser and Joint Broker with immediate effect. GMP Europe will
continue to act as the Company's Joint Broker.
Commenting on today's announcement, Rory Scott Russell, CEO, said:
"We are delighted to have appointed Cantor Fitzgerald Europe. We look forward
to working with them as we seek to realise the full potential from our
portfolio and create value for our shareholders." 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) Cowen Group(Principal American Liaison)
David Tasker OTCQX International Market (U.S.)
T: +61 (8) 9388 0944 Christopher Weekes / Stephen Nash
E: david.tasker@ppr.com.au T: +1 646 562 1000 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 the option to earn a 65% (option to move to 75%) interest in
PUT-6 block in Putumayo Basin in Southern Colombia, which the Company is
currently reviewing.
* 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 32% 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
Quelle: PR Newswire
Optionen
| Antwort einfügen |
| Boardmail an "buran" |
|
Wertpapier:
Range Resources Ltd.
|
0
Master Services Agreement
08:05 02.06.14
PR Newswire
London, June 1
2 June 2014
ASX Code: RRS and AIM Code: RRL
Range Resources Limited
("Range" or "the Company")
Range enters into Integrated Master Services Agreement with LandOcean
Range is pleased to announce that, further to the announcement on 22 April
2014, the Company has entered into an Integrated Master Services Agreement with
LandOcean Energy Services Co Ltd ("LandOcean") (SHE:300157). The agreement
provides Range with an extremely capable and technically sophisticated
preferred services provider. In addition, Range and LandOcean have agreed a
financing package of up to US$50 million.
Integrated Master Services Agreement
According to the Integrated Master Services Agreement ("IMSA"), LandOcean will
act as the preferred services contractor (subject to all tendering and
procurement rules) for Range for oilfield services including geoscience,
engineering, procurement and construction. Services provided under the IMSA
will be agreed in individual purchase orders as the need for services arises.
LandOcean will work for Range as a contractor on a "net cost plus" basis to be
agreed in each Purchase Order. In addition, where services under a purchase
order have been provided and have directly resulted in increased production for
Range, LandOcean will be entitled to an incremental production bonus share of
Range's after costs and capital expenditure. This incremental production bonus
structure ensures LandOcean are incentivised to maximise production and cash
flows for Range. The IMSA will last up to eight years and could cover a total
contract value of up to US$400 million over this period.
Optional Financing Package
In addition to the services agreement LandOcean will also provide Range an
option to take up to US$50 million of financing. The financing is available
primarily to pay for LandOcean's services but can be used for other purposes if
the two companies agree. The US$50 million will be made available in tranches.
The first US$20 million tranche will be subject to interest at 10% per annum,
with first interest payment due on the first anniversary of drawdown. Capital
repayments will start after two years and will be paid equally over the next 36
months. The terms of additional tranches will be the subject of further
agreements between the respective companies.
First Purchase Order
Under the IMSA, Range and LandOcean have entered into the first purchase order
to draw down US$5 million of services from LandOcean. These services include a
wide ranging geological and engineering study of secondary recovery projects
(including waterflooding) in the Beach Marcelle, Morne Diablo and South Quarry
fields in Trinidad.
Commenting on today's announcement, Rory Scott Russell, CEO, said:
"We are looking forward to working with LandOcean as our preferred oilfield
services provider. LandOcean is one of China's largest private listed oilfield
services businesses and brings extensive technical expertise both from a
subsurface and engineering perspective. Range's ability to tap into such
expertise is extremely important to our future success in Trinidad and
elsewhere. I am also pleased that they will share in this future success via an
incremental production bonus structure where both contractor and operator are
incentivised to work together to maximise production. The financing package
provided by LandOcean also shows their commitment to our projects, management
team as well as to the partnership's future success. This is an important
milestone on the delivery of the new beginning for Range."
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) Cowen Group(Principal American Liaison)
David Tasker OTCQX International Market (U.S.)
T: +61 (8) 9388 0944 Christopher Weekes / Stephen Nash
E: david.tasker@ppr.com.au T: +1 646 562 1000
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 the option to earn a 65% (option to move to 75%) interest in
PUT-6 block in Putumayo Basin in Southern Colombia, which the Company is
currently reviewing.
* 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 32% 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
Quelle: PR Newswire
08:05 02.06.14
PR Newswire
London, June 1
2 June 2014
ASX Code: RRS and AIM Code: RRL
Range Resources Limited
("Range" or "the Company")
Range enters into Integrated Master Services Agreement with LandOcean
Range is pleased to announce that, further to the announcement on 22 April
2014, the Company has entered into an Integrated Master Services Agreement with
LandOcean Energy Services Co Ltd ("LandOcean") (SHE:300157). The agreement
provides Range with an extremely capable and technically sophisticated
preferred services provider. In addition, Range and LandOcean have agreed a
financing package of up to US$50 million.
Integrated Master Services Agreement
According to the Integrated Master Services Agreement ("IMSA"), LandOcean will
act as the preferred services contractor (subject to all tendering and
procurement rules) for Range for oilfield services including geoscience,
engineering, procurement and construction. Services provided under the IMSA
will be agreed in individual purchase orders as the need for services arises.
LandOcean will work for Range as a contractor on a "net cost plus" basis to be
agreed in each Purchase Order. In addition, where services under a purchase
order have been provided and have directly resulted in increased production for
Range, LandOcean will be entitled to an incremental production bonus share of
Range's after costs and capital expenditure. This incremental production bonus
structure ensures LandOcean are incentivised to maximise production and cash
flows for Range. The IMSA will last up to eight years and could cover a total
contract value of up to US$400 million over this period.
Optional Financing Package
In addition to the services agreement LandOcean will also provide Range an
option to take up to US$50 million of financing. The financing is available
primarily to pay for LandOcean's services but can be used for other purposes if
the two companies agree. The US$50 million will be made available in tranches.
The first US$20 million tranche will be subject to interest at 10% per annum,
with first interest payment due on the first anniversary of drawdown. Capital
repayments will start after two years and will be paid equally over the next 36
months. The terms of additional tranches will be the subject of further
agreements between the respective companies.
First Purchase Order
Under the IMSA, Range and LandOcean have entered into the first purchase order
to draw down US$5 million of services from LandOcean. These services include a
wide ranging geological and engineering study of secondary recovery projects
(including waterflooding) in the Beach Marcelle, Morne Diablo and South Quarry
fields in Trinidad.
Commenting on today's announcement, Rory Scott Russell, CEO, said:
"We are looking forward to working with LandOcean as our preferred oilfield
services provider. LandOcean is one of China's largest private listed oilfield
services businesses and brings extensive technical expertise both from a
subsurface and engineering perspective. Range's ability to tap into such
expertise is extremely important to our future success in Trinidad and
elsewhere. I am also pleased that they will share in this future success via an
incremental production bonus structure where both contractor and operator are
incentivised to work together to maximise production. The financing package
provided by LandOcean also shows their commitment to our projects, management
team as well as to the partnership's future success. This is an important
milestone on the delivery of the new beginning for Range."
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) Cowen Group(Principal American Liaison)
David Tasker OTCQX International Market (U.S.)
T: +61 (8) 9388 0944 Christopher Weekes / Stephen Nash
E: david.tasker@ppr.com.au T: +1 646 562 1000
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 the option to earn a 65% (option to move to 75%) interest in
PUT-6 block in Putumayo Basin in Southern Colombia, which the Company is
currently reviewing.
* 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 32% 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
Quelle: PR Newswire
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