Trinidad focussed Range Resources (ASX:RRS, LON:RRL) revealed a...

Trinidad focussed Range Resources (ASX:RRS, LON:RRL) revealed a 23% increase in production during February, to an average of 645 barrels per day.

At the South Quarry field the company is currently testing two wells, and another is being drilled.

Drill contractor LandOcean is committed to add four new rigs to the fleet this year and they will be available from the third quarter onwards.

Elsewhere, preparations for a water-flood project at the Beach Marcelle field.

The company now expects to hit the 1,000 barrels per day target in the fourth quarter of this year, rather than the first half as previously targeted.

Range told investors that the sale of the Range Resources Drilling Services subsidiary is on-track to complete by the end of March.