Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/range-resources-provides-update-on-guatemala-opera.shtmlRange Resources provides update on Guatemala operations
Range Resources Limited would like to draw attention to the announcement released by Citation Resources Limited with respect to the Company's
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Range Resources Limited would like to draw attention to the announcement released by Citation Resources Limited with respect to the Company's interest in Guatemala with the following highlights:
◾ Construction of the Atzam #5 drilling location has been completed and the well conductor casing is now set down to 100 feet ◾ The Harold Lee 500 drilling rig is being mobilized to location and will be drilling ahead towards initial reservoir targets in next few days ◾ Drilling schedule for Atzam #5 is 40 days to total depth target of 4,100 feet ◾ Primary reservoir targets are the C17, C18 and C19 carbonate sections ◾ Atzam #5 well to target the same carbonate reservoirs as Atzam #4 production well - 2.3m barrels of 2P reserves which excludes the C18 and C19 carbonates ◾ Atzam #4 production continues on a highly restricted choke (12/64 inch), with no water production to date ◾ Significant exploration potential on Atzam Oil Field - unexplored salt dome and anticline structures to be evaluated and tested in 2014
