In July 2009, the Company entered into a Heads of Agreement with the private UK Company Strait Oil and Gas Ltd. to acquire a 50% interest in two oil and gas blocks in the Republic of Georgia which was subsequently reduced to 45% interest.

During the second half of 2011, the Company, along with its joint venture partners, spudded the first exploration well Mukhiani 1 on Block VIa with a target depth of circa 3,500m, which was subsequently plugged and abandoned. 

Range is currently reviewing its position in relation to further financial commitments to Georgia.


Location Map