NR oil and gas Texas, updated PSA Puntland
posted on
Dec 28, 2009 04:44PM
RANGE CONFIRMS COMMERCIAL OIL AND GAS DISCOVERY IN TEXAS / PUNTLAND PARLIAMENTARY APPROVAL OF AMENDED PSA’S
Range Resources Limited (ASX: RRS; AIM: RRL) ("
Range" or "the Company
") is pleased to provide the following key updates in respect of:
Testing confirms commercial discovery for Smith #1 Well in the North Chapman Ranch area, Texas; and
Puntland Parliament passes the Amended PSA’s for Dharoor and Nugaal Valleys following Government and Cabinet approval.
Smith #1 well, North Chapman Ranch
The Smith #1 was drilled and logged to a depth of 13,975’ (4,260m). Based on open
‐hole logs indicating approximately 120’ (37m) of net pay thickness in three zones with no water, 4 ½" production casing was run to TD and cemented in place. After an interval of just 20’ (6.2m) in one of the three zones was perforated, bottom‐
hole pressure was estimated to be approximately 11,650 psi.
