Company Profile

Range is an independent dual-listed (AIM: RRL and ASX: RRS) exploration, development and production company, with interests in oil and gas projects in Trinidad and Indonesia, as well as oilfield services business in Trinidad. 

The Company’s strategy is focused on growing production, reserves and revenue from its existing assets. 

The Company is led by an experienced team aligned with shareholders’ interests.

 

 

More about us

  • Trinidad

    • Existing oil production of ~750 barrels of oil per day
    • Substantial independently-verified reserves of 16 million barrels (net 2P)
    • Large onshore acreage position with Range as a majority interest holder and operator on all licences
    • Clear focus on production and reserves growth through ongoing secondary recovery, optimization and development programme
    • Own rigs and equipment provide operational flexibility and lower operating costs  
  • Indonesia

    • New project acquired in 2017
    • Located in an established oil province in Northern Sumatra 
    • Mature onshore oilfield, geologically similar to Trinidad 
    • Historically producing field with significant upside potential
    • Low cost work programme targeting first production in 2018 
  • Corporate

    • Existing oil production generating revenues
    • Stable financial position from existing cash and medium-term debt maturity
    • Dual stock exchange listing provides enhanced liquidity 
    • Significant ramp up in activity to provide active newsflow and results