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RRL Range Resources Limited

0.035
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Range Resources Limited LSE:RRL London Ordinary Share AU0000065989 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.035 0.03 0.04 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Range Resources Limited Successful Conclusion re Legacy Matter in Colombia (0141X)

25/04/2019 7:00am

UK Regulatory


Range Resources (LSE:RRL)
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From May 2019 to May 2024

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TIDMRRL

RNS Number : 0141X

Range Resources Limited

24 April 2019

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

SUCCESSFUL CONCLUSION OF THE LEGACY MATTER IN COLOMBIA

Range, an international company with oil and gas projects and oilfield service businesses in Trinidad and Indonesia, is pleased to announce that the court in Colombia has approved the decision to settle all outstanding historic claims and disputes between Agencia Nacional de Hidrocarburos ("ANH") and the consortium of Optima Oil Corporation and the Company (the "Consortium").

As previously announced, the key terms of the settlement arrangement are that ANH confirms that Range (and the Consortium) has no liability for any payments or debts, all proposed penalties have been lifted, the Consortium agrees to waive all potential claims against ANH and the Consortium agrees to the termination of the exploration licences.

Range acknowledges the constructive approach taken by all parties and is delighted with the outcome which brings an end to this legacy matter.

 
  Contact details 
                                         Cantor Fitzgerald Europe (Nominated 
   Range Resources Limited                Adviser and Broker) 
   Evgenia Bezruchko (Group Corporate     David Porter (Corporate Finance) 
   Development Manager & Joint Company    t. +44 (0)20 7894 7000 
   Secretary) 
   e. admin@rangeresources.co.uk 
   t. +44 (0)20 3865 8430 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCEAPLLAEFNEFF

(END) Dow Jones Newswires

April 25, 2019 02:00 ET (06:00 GMT)

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