Range, Red Emperor optimistic about Somalian well

AIM-listed oil and gas peers Range Resources and Red Emperor Resources have announced that their jointly-owned Shabeel North well in Puntland, Somalia, has been spudded.

AIM-listed oil and gas peers Range Resources and Red Emperor Resources have announced that their jointly-owned Shabeel North well in Puntland, Somalia, has been spudded.

The well, the second in the current drilling campaign, is operated by Canadian group Horn Petroleum which owns a 60% interest. Range and Red Emperor have a 20% stake each.

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