Range Resources Limited provide the following update on its Trinidad operations, with the following highlights:

■ The QUN 142 well successfully reached target depth of 1,255 ft. and is currently producing 75 bopd; ■ The Upper Cruse zone in the QUN 135 well has been successfully perforated and will be put into production this week, after 72 hour flow test rates of up to 150 bopd. Middle Cruse zone will form part of larger development; ■ Three production rigs have been placed into operation and have completed remedial work on 14 wells, which has added an estimated 95 bopd to current production; ■ The QUN 141 has been successfully completed and as previously announced, the logs indicated 160 ft. of gross oil pay, one of the thickest Lower Forest pay sections to be encountered to date. The well has been perforated and production is anticipated at between 75-100 bopd; ■ Further production of 60 bopd is expected to be added this week through the planned work over of another 15 wells, followed by an estimated additional 90 bopd through the QUN 16 well re-entry and optimization of the QUN 120 & 128 wells over the coming weeks; ■ The QUN 143 and 144 wells spudded and are both drilling ahead with a target depth of 1000 ft. The wells are anticipated to perform at similar initial production rates of neighbouring Lower Forest wells between 50-75 bopd; ■ MD 248 well drilled to 5,780 ft. encountering multiple high pressure oil and gas pays, and oil across the shakers; and ■ Production activities summarised above are expected to result in field production getting over 1,200 bopd with renewed momentum as Range continues with the implementation of its improved maintenance programmes and drilling inventory.

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