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Range Resources ups Guatemala stake

Monday, July 29, 2013

Range Resources has increased its stake in its Guatemalan operations as associate Citation Resources announced plans to drill a new Atzam well in the country.

The agreement came about as a result of the decision to spud the Atzam 5 development well, which is planned for September.

The companies are also awaiting an updated well reserve report on the Atzam 4 well, which currently has an estimated probable reserve of 2.3 million barrels.

Source: Interactive Investor