Range Resources extends closing date for drilling rig sale

Oil and gas and oilfield services company Range Resources updated the market on the sale of four drilling rigs and related equipment of its subsidiary Range Resources Drilling Services on Friday.

The AIM-traded firm first announced the sale on 23 October.

“Following request by Wilson Energy Services, the buyer, Range Resources Drilling Services agreed to extend the closing date for the transaction to 22 November,” the board said in its statement.

“In the event that closing is delayed beyond 22 November, it will be subject to a late closing fee payable by the buyer.”

At 1558 GMT, shares in Range Resources were down 14.29% at 0.03p.