By Staff Writer | Thursday 4 July 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Range Resources (RRL) has announced that it has increased its acreage in Trinidad by 280,000 acres by farming into Niko’s Guayaguayare block which covers both onshore and offshore areas. House broker Fox Davies says that the farm-in will “provide Range with vast exposure to both onshore and offshore potential and creates excellent synergy between Range’s three existing blocks and the Guayaguayare block”.
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