Range is pleased to confirm that, further to announcement of 16 September 2013, the Government of Trinidad and Tobago has approved and adopted the proposed budget incentives for oil and gas companies introduced by the Minister of Finance and Economy of Trinidad and Tobago in the 2014 Budget Statement. These newly proposed budget incentives, which especially reward companies with accelerated development and exploration programmes including Range, are expected to have a significant positive impact on the Company’s cash flows and returns from its ongoing production growth. These changes will be effective retrospectively from January 1, 2014.
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