The Board of Range is pleased to announce that the Company has been successful with its bid for the St. Mary’s block in Trinidad following the submission in the Trinidad Onshore Bid Round 2013. The successful bid was formally announced by the Ministry of Energy of Trinidad today at the Trinidad and Tobago Energy Conference.
The St. Mary’s block comprises 44,731 acres spread over 4 sub-blocks contiguous to Range's existing Morne Diablo license and the Guayaguayare license (see Niko Resources Ltd. farm-in announcement on 17 December 2013). The main reservoir targets identified in St Mary’s block are Pliocene Deltaic sands, Miocene Herrera sands, Cretaceous sands and the source rock itself.
The Company will make a further announcement on the future plans for the St Mary’s license in due course.
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