X

Get our occasional Market Report emails

sent straight to your inbox

There’s no charge for this.

Getting latest data loading
Home / Range Resources Shares

Range Resources Shares

Range Resources is a dual-listed (London and Australia) oil and gas exploration and production company headquartered in Perth, Western Australia. The company is listed on both the All-Share segment of the London Stock Exchange’s AIM (Alternative Investment Market) as well as the ASX – Australian Stock Exchange. The company IPOd in London in October 2007.

The company strategy is to grow its production, reserves and revenues from existing assets, such as its mostly wholly-owned oil and gas projects and oil-field services businesses in Trinidad (present since 2011, 15.2m barrel reserves, onshore, 100% interest) and Indonesia (acquired in 2017; 23-42% interest, working oil field in Northern Sumatra, on-shore, similar to Trinidad) as well as via interests in on-core oil & gas projects in Georgia and Guatemala.

Subsidiary RRDSL (Range Resources Drilling Services Ltd; acquired 2017) is an established oil-field services provider based in Trinidad. It has a successful track-record record providing full oilfield services in Trinidad since 2003, including waterflood, drilling and workover operations, as well as internationally. Services include rigs, wire logging, cementing, drilling fluids, enhanced oil recovery, tracked carriers, tanker trucks, storage tanks, pipe yard and workshop.

The company’s vision in to grow production and reserves to generate sustainable positive cash-flow, with strict cost discipline to maintain financial strength and flexibility. By continuing to build on its successful track record the aim is for significant operational activity across all assets, delivering regular high impact results and news-flow. Focus on building an attractive portfolio of assets of proven hydrocarbons includes both existing assets as well as continued evaluation of acquisition opportunities of high quality assets with big upside potential.

Oil and Gas exploration is an expensive and success-related business. Those involved are always seeking out new prospects, however, the model often relies on being able to convert projects into cash, to fund the next one. It’s all about finding the big one, before the money runs out.

img
Latest Trading Opportunities

Week in Advance: Monday 28th November - Friday 2nd December 2022

View Thursday 24 November 2022

Upcoming UK100/250 Dividend List

View Thursday 24 November 2022

Week in Advance: Monday 21st - Friday 25th November 2022

View Thursday 17 November 2022

Upcoming UK100/250 Dividend List

View Thursday 17 November 2022

Upcoming UK100/250 Dividend List

View Friday 11 November 2022

Get our Market Report emails sent straight to your inbox

Don’t miss out on regular trading opportunities!

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.