Rango Energy Inc.

Rango Energy Inc.

January 16, 2014 09:00 ET

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 - Jan. 16, 2014) - 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 companies.

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 dollars.

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 Dallas Chapter.

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 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.

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