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Additional Information

Market:	ASX / AIM
Sector:	Oil and Gas Exploration and Production
EPIC:	RRS
Latest Price:	7,250.00 (-0.62% )
52-week High:	7,565.00
52-week Low:	4,425.00
Market Cap:	6,576.99M

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Range Resources Full Range Resources profile here

Range Resources Limited (“Range” or “the Company”) is both an ASX-listed (ASX: RRS) and AIM-listed (AIM: RRL) 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 program 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.

Range Resources starts production and sales from Russell Bevly well

Thursday, September 02, 2010

Range Resources (ASX: RRS; AIM: RRL) has commenced production and sales from its Russell Bevly Unit #1, the second well at the North Chapman Ranch Joint Venture’s multi-well program in Texas, less than seven weeks after production casing was set in the well and the drilling rig released.

In a statement the company said Russell Bevly was turned to sales at approximately 1,000 Mcf of natural gas and 90 bbl of oil per day with approximately 8,000 psi flowing tubing pressure on a 6/64" choke from just one of four identified pay zones.

The first zone placed in production represents just 11 ft. of perforated Howell Hight formation within total net pay thickness of approximately 130 feet.

Peter Landau, executive director, said Range anticipates that the well will flow naturally for a number of months before it is shut in and a completion rig moved into place, similar to its first well (Smith #1).

Once the completion rig is in place, the well will be fracture stimulated and additional pay zones added to boost rate.

The company said that "hydraulically fracturing the reservoirs creates additional permeability paths from the reservoir to the well bore, increasing production rates from the various pay zones, which in turn accelerates payout while improving reserve recovery and overall economics."

Range will continue to provide further updates on the progress of its portfolio of assets.

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