Range Resources Limited Granted Approval to Spud Trinidad Well

Range Resources Limited has received approval from the regulatory bodies in Trinidad to spud the MD 51-2 development well.

As previously announced, this will be a directional well to be drilled to a total depth of 3,900 feet to test the Middle and Upper Cruse sands, which were encountered through the MD 250 well. The initial log evaluations of the MD 250 development well identified multiple hydrocarbon bearing zones, with an estimated net pay of over 140 feet.

Range expects to spud MD 51-2 in July with production testing operations of the MD 250 and MD 51-2 wells scheduled to be performed when all drilling operations on the pad area are completed. This is the second of a six well drilling program which Range has planned for 2016. The remaining scheduled wells include two development wells in Morne Diablo, one development well in Beach Marcelle, and one exploration well in the Guayaguayare block.



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