Rango Energy Appoints INNEX Co-Founders Jere Jay and Heiko Mueller to Its Technical Advisory Board
January 21 2014 - 9:01AM
Marketwired
Rango Energy Appoints INNEX Co-Founders Jere Jay and Heiko Mueller
to Its Technical Advisory Board
Advisory Board To Work Closely With Newly Appointed Rango CEO,
Bob Harrell to Develop INNEX's Extensive Portfolio of Oil and Gas
Resources
DALLAS, TEXAS--(Marketwired - Jan 21, 2014) - Rango Energy, Inc.
(OTCBB:RAGO) ("Rango Energy" or "the Company"), an oil and gas
exploration and development company, announced the appointment of
INNEX Energy co-founders, Jere Jay and Heiko Mueller, to its
technical advisory board.
These two oil and gas veterans founded INNEX Energy 15 years
ago. INNEX is an experienced exploration and development company
focused on using effective and efficient data integration and
innovative techniques to identify low-risk missed pay opportunities
near existing infrastructure.
Said Rango CEO Bob Harrell, "We are thrilled to add Jere and
Heiko to our advisory team. Having just signed a definitive Joint
Venture, Operating and Acquisition Agreement with INNEX, we are
going to rely heavily on their experience and expertise in
thoughtfully developing the INNEX land and project portfolio. Jere
Jay is an exceptional, innovative explorationist with an ability to
develop opportunities with his creative geoscience expertise. And
Heiko is a superb geophysicist and manager, with success
discovering oil and gas around the world. With them on board, Rango
now has a marvellous exploration and production advisory team."
Mr. Jay spent the past 30 years with Tenneco and ARCO and has
worked on and managed an impressive variety of domestic and
international projects ranging from exploration in geographic
frontiers to geological engineering analysis of untapped reserves
in existing fields. He has registered numerous commercial
successes, particularly in the Eel River Basin, Sacramento and San
Joaquin Basins of California, in the offshore Gulf Coast and in
Qatar.
Mr. Mueller has 35 years of experience in hydrocarbon
exploration in most basins in the world having worked with Shell
and ARCO. He is an expert in prospect generation, 2D-3D seismic
interpretation, integrating G&G data, and seismic depth
conversion. At INNEX, he is responsible for all geophysical
activity as well as project and portfolio economic evaluation.
Mr. Harrell concluded, "Rango is in a unique position for an
early stage energy company in that we have access to a brilliantly
diversified portfolio of oil and gas projects, with the potential
for tens of millions of BOE, and we have a lean, experienced staff
and advisory board, all focused on one thing - near term production
and the profitable development of our oil and gas leases. We
couldn't be happier to have the Innex founders working shoulder to
shoulder with the Rango team."
About Rango Energy
Rango Energy, Inc. is an exploration stage oil and gas company
with a strategy to identify, evaluate, explore, and develop new
opportunities for oil and natural gas production across North
America. Recently, Rango signed a definitive Joint Venture,
Operating and Acquisition Agreement with INNEX California, Inc., a
Dallas-based energy company with oil and gas leases covering
approximately 40,000 gross acres in the San Joaquin, Ventura, and
Eel River Basins in California and an additional project in
Oklahoma.
Safe Harbor Statements
Certain information contained in this news release constitutes
"forward-looking statements" as such term is used in applicable
United States and Canadian laws. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "expects" or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "estimates",
"intends" or "believes", or that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur", or
"be achieved".
Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made,
and are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking statements. Many of
these factors are beyond the Company's ability to control or
predict. Important factors that may cause actual results to differ
materially and that could impact the Company and the statements
contained in this news release can be found in the Company's
filings with the SEC. Such risks and other factors include, among
others, the ability to locate and acquire suitable interests in oil
and gas properties on terms acceptable to the Company, the
availability of financing on acceptable terms, accidents, labor
disputes, acts of God and other risks of the oil and gas industry
including, without limitation, risk of liability under
environmental protection legislation, delays in obtaining
governmental approvals or permits, title disputes or claims
limitations on insurance coverage. The Company believes that the
expectations reflected in the forward-looking statements included
in this news release are reasonable; however, no assurance can be
given that these expectations will prove to be correct, and such
forward-looking statements should not be unduly relied upon. The
Company assumes no obligation to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise.
Rango Energy, Inc.1 (888) 224-6039www.rangoenergy.comMZ North
AmericaTed
HaberfieldPresident760-755-2716thaberfield@mzgroup.uswww.mzgroup.usTorrey
Hills CapitalJim MacDonald/Clay
Chase858-759-9902www.torreyhillscapital.com
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