United States

Range Resources clarifies on article by government of Georgia

Tuesday, 4 Apr 2017 07:29pm EDT 

Range Resources Ltd : Notes an article published on 3 April 2017 by government of Georgia announcing an open international tender on block via in Georgia . Believes that any purported relicensing of block via by agency pursuant to tender announcement would be a flagrant breach of terms of PSC . Has contacted agency to seek a resolution and has requested an urgent meeting .As at 31 December 2016, range has a carried value of US$1.25 million attributed to its interest in project on its balance sheet. 

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