Range Resources Limited Statement re Petrotrin Restructuring (1728Z)
August 29 2018 - 9:56AM
UK Regulatory
TIDMRRL
RNS Number : 1728Z
Range Resources Limited
29 August 2018
STATEMENT RE PETROTRIN RESTRUCTURING
Range, an international oil and gas company with assets in
Trinidad and Indonesia, and an oilfield services business in
Trinidad, provides an update in relation to the restructuring of
the Petroleum Company of Trinidad and Tobago Limited ("Petrotrin")
announced on 28 August 2018. The proposed changes are anticipated
to begin in October 2018, and include the closure of Petrotrin's
oil refinery operations at Pointe-a-Pierre in Trinidad and a
restructuring of their exploration and production business.
Range currently sells all of its produced oil in Trinidad to
Petrotrin under various contracts and not directly to the refinery.
The Company expects that following the restructuring it will
continue to sell its produced oil to Petrotrin and the
restructuring of Petrotrin's operations is not anticipated
therefore to have any impact on the Company's operations in
Trinidad.
Range looks forward to continuing its long-standing relationship
with Petrotrin and working with them during this transition
period.
Contact Details
Cantor Fitzgerald Europe (Nominated
Range Resources Limited Adviser and Broker)
Evgenia Bezruchko (Group Corporate David Porter / Nick Tulloch (Corporate
Development Manager) Finance)
e. admin@rangeresources.co.uk t. +44 (0)20 7894 7000
t. +44 (0)20 3865 8430
Note relating to statutory disclosure of significant
shareholdings
Statutory disclosure of significant shareholdings (as defined in
the AIM Rules) is different for Australian companies and may not
always ensure compliance with the requirements of Rule 17 of the
AIM Rules. All shareholders who are holding (directly or
indirectly), 3% or more of the issued and outstanding Ordinary
Shares are requested to notify the Company without delay of any
changes to their holding which increase or decrease such holding
through any single percentage. Likewise, shareholders who acquire
3% or more of the issued and outstanding Ordinary Shares are
requested to notify the Company without delay.
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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