Range Energy Resources Inc.: Shewashan Operations Update
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/15/16 -- Range Energy Resources Inc. ("Range" or the "Company") (CSE: RGO)(FRANKFURT: YGK) announced today that, Gas Plus Khalakan ("GPK"), the sole contractor of the Khalakan PSC in the Kurdistan Region of Iraq, issued an operations update regarding the Shewashan field.
The GPK Shewashan operations update provides details regarding key events and activities that have occurred as well as activities that are anticipated to occur over the near term, including:
Mr. Toufic Chahine, Chairman of Range, commented: "Steady progress continues to be made on the Shewashan field. We are pleased to hear that GPK is actively working to settle invoiced amounts for produced oil. Production and the receipt of sales proceeds will represent a significant milestone for Range and the development of the Shewashan field. Furthermore, drilling activity continues to further delineate the Shewashan field with the Shewashan-3 well currently drilling away and the Shewashan-4 well to follow with targets in both the cretaceous and the lower, unexplored formations."
The full text of the GPK Operations Update can be accessed here:
The Company is a 24.95% indirect shareholder of GPK through its ownership of 49.9% of the shares of New Age Alzarooni 2 Limited ("NAAZ2"). NAAZ2 owns 50% of the shares of GPK.
For further information on Range Energy Resources Inc., please visit the Company''s web site at .
On Behalf of the Board of Directors:
Toufic Chahine
Chairman
This news release contains certain statements that may be deemed to include "forward-looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Range Energy believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Range Energy''s management on the date the statements are made. Except as required by law, Range Energy Resources Inc. undertakes no obligation to update these forward-looking statements in the event that management''s beliefs, estimates or opinions, or other factors, should change.
THE CSE AND FRANKFURT STOCK EXCHANGES HAVE NOT REVIEWED AND DO NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
Contacts:
Toufic Chahine
Chairman
Tel: 604-688-9600
Fax: 604-687-3141
Email:
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Datum: 15.08.2016 - 09:32 Uhr
Sprache: Deutsch
News-ID 1452646
Anzahl Zeichen: 2190
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