Rango Announces the Commencement of Drilling at Kettleman Middle Dome

Rango Announces the Commencement of Drilling at Kettleman Middle Dome 
MINERAL WELLS, TEXAS -- (Marketwired) -- 05/29/13 -- Rango Energy,
Inc. (OTCBB:RAGO), an oil and gas exploration and development
company, is pleased to announce that as of 2pm Pacific Time, May 28th
2013, drilling has been initiated on its first well at the 11,000
acre Kettleman Middle Dome ("KMD") project. The project is located
within a producing oil field in the San Joaquin Basin, where
companies such as Chevron, Occidental Petroleum and others are
active. The project area is located within both Kings and Kern
Counties, in South Central California, near the prolific Lost Hills
oilfields.  
The initial drill target for the first well, #17-18, will be the oil
rich McAdams sandstone formation, a 900 to 1,000 foot thick Eocene
age reservoir located at a depth of approximately 12,000 feet. The
McAdams sandstone has been a prolific producer in the adjacent
Kettleman North Dome field, producing over 400 million barrels of oil
at an average of 2 million barrels per well.  
Other oil bearing formations that have been mapped directly at the
KMD project are the Kreyenhagen Shale, the Vaqueros sandstone and the
much-publicized, Monterey Shale.  
Craig Alford, PGeo and VP of Exploration of Rango Energy, stated: "We
are confident knowing Hangtown has a firm grasp of the nuances and
challenges associated with drilling through high-pressure reservoirs
in route to the target formation. The drilling of the #17-18 well is
a very significant milestone for Rango."  
Hangtown recently executed a drilling contract with Nabors
Industries, Ltd. for a 1200 HP, triple drilling rig rated to 15,000',
which is capable of drilling into the McAdams formation, the target
for the first well (#17-18). Hangtown has indicated the drilling rig
has arrived on location and the spud will occur in the next few days.
The drilling budget for the #17-18 is estimated at a very
conservative 50 days. However, Hangtown feels it will be able to
complete sooner if no mechanical issues occur during drilling. 
As the operator, Hangtown will be responsible for drilling and
producing the wells. Hangtown's principals have been involved in the
drilling of several thousand wells over their 70 years of combined
experience; they possess the requisite expertise to drill
conventional and deep formation wells safely and efficiently.  
Rango, a non-operating working interest participant, has recently
partnered with Hangtown Energy, Inc. ("Hangtown") to develop
promising assets in three projects. The terms of the participation
call for Rango to provide drilling capital in exchange for working
interests in the wells being drilled. Rango has committed to an
initial six-well program with Hangtown, and both parties will
continue to jointly develop the KMD project along with two other
projects Hangtown controls; one in the neighboring Elk Hills area of
the same basin and the other in the Ventura basin. 
About Rango Energy  
Rango Energy, Inc. is an exploration stage oil and natural gas
company with a strategy to identify, evaluate, explore, and develop
new opportunities for oil and natural gas production across North
America. 
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. 
Contacts:
Rango Energy Inc.
Toll Free: 1 (888) 224-6039
www.rangoenergy.com
 
 
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