Rango Energy Inc.

OTCBB : RAGO


Rango Energy Inc.

January 21, 2014 09:01 ET

Rango Energy Appoints INNEX Co-Founders Jere Jay and Heiko Mueller to Its Technical Advisory Board

Advisory Board To Work Closely With Newly Appointed Rango CEO, Bob Harrell to Develop INNEX's Extensive Portfolio of Oil and Gas Resources

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.

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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