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News: RRS Range Resources clarifies on article by government of Georgia

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    05/04/17
    11:40
    Post #: 23870181

    April 5 (Reuters) - Range Resources Ltd (RRS)

    • 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
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