Transaction information

Transaction date: May 11
Transaction type: Placing (Co-Broker)
Amount: £22 M

Company information

Range Resources Limited is both an ASX-listed and AIM-listed exploration and production Company, with its principal activities directed towards finding and delineating hydrocarbons in Puntland, Somalia; the Republic of Georgia, onshore Texas, USA and Trinidad.

With the planned onshore exploration drilling programmes in Puntland and Georgia coupled with the exploration and development programs in Texas and Trinidad, Range is well on its way to establish itself as a diversified international oil and gas exploration, development and production company with significant upside potential. Recent newsflow from drilling in Puntland as boded particularly well for Range and its joint-venture partners.