Range Resources agrees to obtain interest in Nugaal basin

Range Resources has entered into an agreement with the Puntland government to obtain a total working interest in the prospective Nugaal Basin Offshore Block.

Range Resources has entered into an agreement with the Puntland government to obtain a total working interest in the prospective Nugaal Basin Offshore Block.

It is Range's intention to offer a participation interest to its joint venture partner, Red Emperor Resources on terms to be agreed.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.