Range Resources making progress in Trinidad

Range Resources, the AIM-listed oil and as exploration group, says that it now has four drilling rigs in operation on the Morne Diable licence, as it provided an update on drilling in Trinidad.

Range Resources, the AIM-listed oil and as exploration group, says that it now has four drilling rigs in operation on the Morne Diable licence, as it provided an update on drilling in Trinidad.

The QUN 130 well reached its target depth of 1,300 ft with two likely oil pay zones being identified. The well is being completed and production tests began over the weekend. The well initially flowed approximately 170 barrels of oil per day (bopped), with production being stabilised at around 150 bopd.

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