Rango Energy and Innex Energy to Participate in Two Occidental Petroleum Wells in the San Joaquin Basin
February 26 2014 - 9:00AM
Marketwired
Rango Energy and Innex Energy to Participate in Two Occidental
Petroleum Wells in the San Joaquin Basin
DALLAS, TEXAS--(Marketwired - Feb 26, 2014) - Rango Energy, Inc.
(OTCBB:RAGO) "Rango Energy" or "the Company"), an oil and gas
exploration and development company, is pleased to announce that
they will be participating in two Kreyenhagan wells in California's
San Joaquin Basin.
Mr. Harrell commented, "INNEX California has provided Rango with
the opportunity to join in the drilling of these two exciting wells
located within a current producing property. Authorizations for
Expenditure (AFE's) have been received as part of an ongoing joint
venture with a significant oil and gas major located in California.
INNEX California and Rango correctly anticipated these wells to be
drilled in the second quarter of this year. The participation in
these highly economic wells through this important joint venture is
the first step of Rango and INNEX California developing this large,
diversified portfolio of oil and gas asssets in the San Joaquin
basin. We look forward to sharing more about these wells and our
2014 work program with shareholders in the near future."
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) 224-6039www.rangoenergy.comMZ North
AmericaTed
HaberfieldPresident760-755-2716thaberfield@mzgroup.uswww.mzgroup.usTorrey
Hills CapitalJim MacDonald/Clay Chase858-759-9902
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