Perth-based oil and gas company Range Resources entered into a memorandum of understanding with investor Core Capital Management for the provision of about $US50 million in cash and shares.
Range Resources has secured a US$15 million loan from John Hancock-advised Lind Partners to accelerate development drilling of Range's Trinidad onshore assets.
Shares in Perth-based oil and gas company Range Resources gained nearly 20 per cent on the ASX after it announced it had attracted the backing of Hong Kong-based institutional investment group Abraham.
Oil and gas explorer Range Resources has appointed Rory Scott Russell as its new chief executive, with executive director Peter Landau having stepped down from his position.
