Range Resources to sell Texas producing assets for 30m dollars

Dual-listed oil and gas exploration companyRange Resources has agreed to the sale of its Texas producing assets for cash payments totalling 30m dollars.

Dual-listed oil and gas exploration companyRange Resources has agreed to the sale of its Texas producing assets for cash payments totalling 30m dollars.

The AIM-listed company reported that an agreement had been reached on total cash consideration of $30m with $25m payable at closing plus $5.0m in royalty payments from future production.

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