Range sets up for Trinidad development

Range Resources operations in Trinidad

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Danica Newnham

 24 January 2013 09:17 GMT

Australian explorer Range Resources is preparing for a busy year across its three wholly-owned onshore licences in Trinidad.

The company, which is listed on both the London and Australian stock exchanges, said on Thursday it was planning various drilling campaigns, with the spudding of the QUN 140 well expected shortly.

Logging of this well had already indicated about 30.48 metres of net oil sands across a number of horizons and Range said it planned to place the well into production immediately after drilling (subject to the necessary approvals).

Meanwhile, the QUN 139 well is currently drilling ahead with a revised target depth of 396.24 metres after striking about 24 metres of…

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