Rango Energy Appoints Bob Harrell, Former ExxonMobil Executive, as CEO
Company Also Appoints former Hunt Oil Executive, Stan Pittman, as
Head of Rango's Technical Advisory Board
DALLAS, TEXAS -- (Marketwired) -- 01/16/14 -- Rango Energy, Inc.
(OTCBB: RAGO) ("Rango Energy" or "the Company"), an oil and gas
exploration and development company, announced the appointment of Mr.
Robert (Bob) Harrell as its new Chief Executive Officer and Mr. Lewis
(Stan) Pittman as the head of Rango's Technical Advisory Board.
Mr. Harrell is a veteran of the oil and gas industry, with over
thirty-five years of experience in oil and gas exploration and
production. He spent twenty years with ExxonMobil Corporation and
Superior Oil Company. His tenure included technical engineering,
operational, supervisory and executive management roles in both
Mr. Harrell also co-founded a successful Acquisition and Divestiture
Transaction Advisory Firm that worked with numerous well-recognized
companies including Chevron, Texaco, ConocoPhillips, Hess,
Fidelity-Montana-Dakota-Utilities (MDU) as well as XTO, 3-TEC,
Newfield, Denbury, and EnerVest and many others. The resulting
transactions negotiated by Mr. Harrell were valued in the billions of
Mr. Harrell is a member of the Society of Petroleum Engineers, The
Dallas Wildcatters and the Dallas Petroleum Club.
The company is also pleased to announce the addition of Mr. Lewis
(Stan) Pittman to head its Technical Advisory Board. Mr. Pittman is a
proven leader in domestic oil and gas exploration and geoscience with
over 40 years of industry, business, management and professional
expertise, including 33 years working for Hunt Oil Company.
During his time with Hunt Oil Company as an exploration geologist,
Mr. Pittman worked his way to Exploration Manager and was responsible
for geoscience evaluation and lease negotiations in the drilling of
over 70 projects throughout the United States. This activity resulted
in numerous discoveries and added significant production to Hunt Oil.
Mr. Pittman is a past President and Honorary Life Member of the
Dallas Geological Society, and is a member Emeritus and Honorary Life
member of the American Association of Petroleum Geologists. Mr.
Pittman is a past President of the Texas Section of the American
Institute of Professional Geologists. He is a member of the Society
of Independent Professional Earth Scientists and past Chairman of the
Harp Sangha, Rango CEO since 2012, will remain as Chairman of Rango
Energy. Mr. Sangha commented, "With the appointment of Bob, we are
thrilled to have attracted such a talented and experienced oil and
gas executive to the Rango team. Bob has been actively involved
Rango's primary partner, Innex Energy, for the past several years,
has intimate knowledge of the Innex portfolio of oil and gas leases,
and will be key to helping manage and grow Rango's relationship with
Innex. We plan on providing shareholders with an update on the status
of Rango's involvement with Innex before long, but having Bob at the
helm of our company will help ensure that we maximize our opportunity
with Innex. We are confident that Bob will help Rango become a
significant energy and production company 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
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
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) 224-6039
MZ North America
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