TRINIDAD OPERATIONAL UPDATE
Range is pleased to provide an update with respect to its Trinidad operations with the following highlights:
· The recently drilled well located at the Beach Marcelle field has been successfully put into production and is flowing at a stabilised rate of 120 barrels of oil per day ("bopd") on a restricted choke of 5/32";
· Production growth from the waterflood programme is showing a positive trend with 40% of current production (240 bopd) attributed to this programme; and
· As at 29 December 2017 the average production for the quarter to date is 629 barrels of oil per day ("bopd"). The current daily production (as at 29 December 2017) is 703 bopd.