DALLAS, TEXAS--(Marketwired - Jan. 21, 2014) - Rango Energy, Inc. (OTCBB:RAGO) ("Rango Energy" or "the Company"), an oil and gas exploration and development company, announced the appointment of INNEX Energy co-founders, Jere Jay and Heiko Mueller, to its technical advisory board.
These two oil and gas veterans founded INNEX Energy 15 years ago. INNEX is an experienced exploration and development company focused on using effective and efficient data integration and innovative techniques to identify low-risk missed pay opportunities near existing infrastructure.
Said Rango CEO Bob Harrell, "We are thrilled to add Jere and Heiko to our advisory team. Having just signed a definitive Joint Venture, Operating and Acquisition Agreement with INNEX, we are going to rely heavily on their experience and expertise in thoughtfully developing the INNEX land and project portfolio. Jere Jay is an exceptional, innovative explorationist with an ability to develop opportunities with his creative geoscience expertise. And Heiko is a superb geophysicist and manager, with success discovering oil and gas around the world. With them on board, Rango now has a marvellous exploration and production advisory team."
Mr. Jay spent the past 30 years with Tenneco and ARCO and has worked on and managed an impressive variety of domestic and international projects ranging from exploration in geographic frontiers to geological engineering analysis of untapped reserves in existing fields. He has registered numerous commercial successes, particularly in the Eel River Basin, Sacramento and San Joaquin Basins of California, in the offshore Gulf Coast and in Qatar.
Mr. Mueller has 35 years of experience in hydrocarbon exploration in most basins in the world having worked with Shell and ARCO. He is an expert in prospect generation, 2D-3D seismic interpretation, integrating G&G data, and seismic depth conversion. At INNEX, he is responsible for all geophysical activity as well as project and portfolio economic evaluation.
Mr. Harrell concluded, "Rango is in a unique position for an early stage energy company in that we have access to a brilliantly diversified portfolio of oil and gas projects, with the potential for tens of millions of BOE, and we have a lean, experienced staff and advisory board, all focused on one thing - near term production and the profitable development of our oil and gas leases. We couldn't be happier to have the Innex founders working shoulder to shoulder with the Rango team."
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. Recently, Rango signed 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.
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