Range admitted to FTSE AIM Index

Oil explorer Range Resources has been admitted to the FTSE AIM All Share Index after satisfying the necessary liquidity requirements.

The company said the inclusion was an important milestone for Range, as it would boost their profile among the AIM index funds and institution investors.

Range holds a 25 per cent interest in the Smith #1 well on the North Chapman Ranch project in Texas, as welling as holing interests and licenses for several other prospects in Texas, Somalia, and Georgia.