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BRIEF-Range Resources clarifies on article by government of Georgia

Published 05/04/2017, 11:35 am
Updated 05/04/2017, 11:40 am
© Reuters.  BRIEF-Range Resources clarifies on article by government of Georgia
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April 5 (Reuters) - Range Resources (NYSE:RRC) Ltd RRS.AX

* 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 Source text for Eikon: ID:nASX4jNFZ6 Further company coverage: RRS.AX

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