Ann: Commencement of Operations in Indonesia, page-5

...and Malcy is also convinced that RRS/RRL will be a nice little surpriser.

Range Resources

Range has announced that they are up and running in Indonesia with operations started in the last few days. The rig has been rigged up at the POG-D location and reopening has already commenced, completion is expected by the end of the month and the same rig will conduct the workover. After that it moves to POG-E also reopening and performing a workover.
The ambitious programme comprises up to ten reopenings of previously producing wells, two workovers as well as performing geological, geophysical and integrity studies. The plan to swiftly initiate production and add up to 220 b/d of gross production will broaden the company’s international production, gives potential scope for increasing that in the not too long term and should pay back in a pretty short period of time. The renaissance of Range is under way and whilst some holders are still well under water it is difficult to complain about the way current management are setting about the job.