Rango Energy Appoints Robert R. Harrell as Chairman; Adds Oil & Gas Industry Veteran, Dr. Tom O'Brien, to Its Technical Advis...
February 25 2014 - 11:00AM
Marketwired
Rango Energy Appoints Robert R. Harrell as Chairman; Adds Oil and
Gas Industry Veteran, Dr. Tom O'Brien, to Its Technical Advisory
Board
DALLAS, TEXAS--(Marketwired - Feb 25, 2014) - Rango Energy, Inc.
(OTCBB:RAGO) "Rango Energy" or "the Company"), an oil and gas
exploration and development company, is pleased to announce the
appointment of Robert R. (Bob) Harrell, the company's current CEO,
as Chairman of the Board. In addition, the Company today announced
the addition of oil and gas veteran, Dr. Tom O'Brien, to its
technical advisory board.
The appointment of Mr. Harrell as Chairman paves the way for
Rango to begin the process of building a world-class, independent
board of directors with broad experience and expertise in oil and
gas exploration, production and finance. The Company expects to
have its independent board members in place by the end of 2014.
Current Chairman, Harp Sangha, will remain on the board as
Executive Vice-Chairman.
Mr. Harrell commented, "Rango is in the unique position of being
an early stage oil and gas company, partnered with INNEX Energy,
with a vast portfolio of established oil and gas reserves. Building
a first rate board of directors is an integral part of our strategy
to shape the Company in a way that will enhance its public profile,
maximize shareholder value and allow Rango to up-list to a major
exchange as soon as possible. We are focused on bringing additional
outside board members who can help us achieve our goals. I am very
excited to take on the role of chairman and look forward to working
with my team at Rango to capitalize on the major opportunity this
company has been presented with."
The Company has also added Dr. Tom O'Brien, the current
Vice-President of Geoscience for INNEX Energy, to its technical
advisory board. After graduating with a degree in Geology from
Columbia University and a Ph.D. in Geochemistry from Cornell, Dr.
O'Brien joined Atlantic Richfield in Alaska. During his 17-year
career with ARCO, he provided leadership in roles as exploration
geologist, research director, and exploration manager participating
in major lease sales and managing numerous multi-million dollar
projects in Alaska and internationally. His last position was in
ARCO Corporate as a strategic advisor to executive management on
exploration opportunities and project directives. In each capacity,
Dr. O'Brien set high standards for applied technology, team
building and innovative problem solving.
Dr. O'Brien has also played a key role in the development of
INNEX's Eel River project which continues to be an important asset
in the Rango/Innex portfolio. Tom has served as both exploration
prospect generator and program director for overseas operating
companies, including projects in India and Russia.
Bob Harrell commented, "We are thrilled to have Tom join our
team of technical advisors. Tom, through his management experience
at ARCO, brings strategic exploration knowledge of large joint
ventures with major companies. This will be instrumental in Rango
maximizing value in the existing INNEX joint ventures with majors,
and the additional joint ventures we expect to secure."
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. Rango has 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.1-888-224-60391-214-441-2679www.rangoenergy.com
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