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World Stocks

Range Resources

Flow test results

Informed Discussion. No ramping. No deramping.

Flow test results

Post Tue Jan 02, 2018 10:17 am


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.
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