Sunday, December 18, 2016

important 1P reserve increase expected upon production of extra seven foot C17 carbonate nonetheless

Range Resources offer Republic of Guatemala update
Wednesday, Sep 04, 2013
Range Resources restricted (“Range” or “the Company”) would really like to draw attention to the announcement free these days by Citation Resources restricted (ASX:CTR) with relevancy the Company’s interestinGuatemala with the subsequent highlights:

• freelance skilled recommends Atzam #4 production rate of 466 daring
• Atzam #4 well production continued  ‐ smart quality oil on restricted choke with no water
produced thus far and current sturdy natural reservoir pressure
• Updated Reserve Report – Initial 1P reserves of 362,515 barrels for 6-foot manufacturing section alone
• important 1P reserve increase expected upon production of extra seven foot C17 carbonate nonetheless
to be perforated
• Azam field 20mmbbl 2C contingent resource estimate being reviewed with Atzam #4 success
• important exploration side onAtzam block ‐ undiscovered salt dome and anticline structures
• Atzam #5 development well on schedule to spud in late Sept
• Construction of latest Azam tank facilitiesto start
• Citation absolutely funded fortheAtzam #5 development well and oil storage facility upgrades

Range features a direct and indirect thirty second interest in theGuatemalan Project.
Further details area unit contained within the Citation Resources announcement, which might be accessed at:
http://www.citation.net.au/media/articles/ASX‐Announcements/20130904‐Atzam‐Project‐Update‐‐ 235/1252802.pdf

Source: vary Resources

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