Guayaguayare block 

  • Range signed an agreement for 80% interest in the Deep PSC and 65% interest in the Shallow PSC. The PSCs have expired in 2015 and are subject to final approvals
  • There is considerable infrastructure on the block and a number of historic wells
  • Significant work has been undertaken to date, including 3D seismic programme over the block 
  • A number of prospective structures were identified within the onshore area, each considered to have significant potential for oil production
  • Prospective resources of the block of 14.8 mmboe

St Mary’s block 

  • The block was awarded via competitive tender and comprises 44,731 acres (181 km2) spread over 3 sub-blocks contiguous to Range's Morne Diablo and Guayaguayare blocks
  • The block contains highly prospective acreage with multiple plays and lies on trend with several producing onshore oilfields
  • The western part of the block is adjacent to Range’s extensive production infrastructure, which could be utilised in the development of any discoveries on this block
  • The proximity of several producing fields to the St Mary’s boundaries allows for future cooperation with the third party operators - Range is currently conducting a review of all facilities
  • Historically, 42 wells have been drilled on the St Mary’s block primarily during the 1950-60’s as new discoveries were being made in the adjacent fields
  • Seven of the wells in the block show historical oil production, with the best well achieving 256,000 barrels of cumulative oil production and still having potential for future production following reactivation
  • Three of these seven wells are planned for reactivation as part of the future work programme