Range has received government and regulatory approvals for the implementation of the Beach Marcelle waterflood programme. Separate work programme stages will require additional approvals as the project progresses.

The Beach Marcelle waterflood is the largest scale waterflood project to be undertaken in recent times in Trinidad and is expected to be a major contributor to the Company's production growth. The majority of Range's 1P reserve base is found in the Beach Marcelle block (14.7 mmbbls of 1P reserves).

Tags: Range Resources Limited