The
AIM-
and
ASX-listed
explorer
said
that
open
hole
logs
showed
50
feet
of
new
net
oil
pay
at
a
depth
of
between
3490
feet
and
3540
feet
in
the
Middle
Cruse
formation.
“Offset
well
control
indicates
that
the
identified
reservoir
section
has
significant
areal
extent,”
the
company
added.
Range
Resources
executive
director
Peter
Landau
said
that
forthcoming
production
testing
would
establish
how
best
to
develop
the
new
zone,
adding
that
it
showed
the
untapped
potential
of
the
company’s
Trinidad
acreage.
The
well
was
deepened
from
3500
feet
after
logging
indicated
the
presence
of
additional
resistive
oil
sands.
Range
Resources…
