Ranger Energy Ltd. Shareholders Approve Transaction With North Sea Energy Inc.

RANGER ENERGY LTD. ("Ranger" or the "Corporation") (TSX VENTURE:RGG) is pleased
to announce that Ranger and North Sea Energy Inc. ("NSE") have each received
shareholder approval for the business combination between Ranger and NSE, which
was announced on July 18, 2011 (the "Transaction"). The closing of the
Transaction is conditional on receipt of final approval from the TSX Venture
Exchange, which is expected shortly. At that time Ranger will be renamed North
Sea Energy Inc. and will begin to trade under its new symbol NUK.


Upon closing of the Transaction, the Corporation will qualify as a Tier 1 Oil &
Gas Issuer on the TSX Venture Exchange. The Corporation will have 58,531,857
common shares outstanding. Dave Antony, President and CEO of Ranger, stated: "We
are enthusiastic about the opportunities for NSE going forward. We believe that
the growth potential for NSE is outstanding."


Craig Anderson, President and CEO of NSE, stated: "We are delighted to announce
shareholder approval supporting this transaction with Ranger. NSE holds
excellent opportunities to build shareholder value and we will endeavor to
maximize our portfolio of assets."


NSE, along with its wholly owned UK subsidiaries, Echo Exploration Limited,
North Sea Energy (UK) Limited and North Sea Energy UK (No 2) Limited, is an
independent oil and gas company formed in February 2007 with a strategy of
building a portfolio of exploration, appraisal and producing assets in the UK
North Sea. Currently, NSE is producing light oil from the Jacky field, located
in the Inner Moray Firth off the Scottish coast. NSE is evaluating the
development of its Polly field located 2.5 km SE of the Beatrice field and is
actively investigating other exploration and appraisal targets in the UK North
Sea.


NSE's principal assets are as follows: (i) a 10% working interest in block
12/21c (the "Jacky Production"); (ii) a 20% working interest in block 12/26c
(the "Polly Development"); and (iii) a 13.3% working interest in block 11/29
(the "Manuel-Terry Prospect"); all of which are governed under United Kingdom
Seaward Production License P.1392. NSE also has a 50% working interest in UK
Blocks 13/28b ("Bobcat Prospect"), Block 22/5c ("Bass Prospect") and Block
15/21d ("Bluebird and Blackbird Prospects") situated in the UKCS. Two further
licenses are expected to be awarded in the fourth quarter of 2011, subject to
DECC approval. On one license NSE UK No2 is expected to hold a 20% working
interest, on the other license it is expected to hold a 50% working interest. 


Reader Advisory

The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on
forward-looking information. Forward-looking information is based on the
opinions and estimates of management at the date the statements are made, and
are subject to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those anticipated in
the forward-looking information. See "Risk Factors" disclosed in the management
information circular prepared in connection with the Transaction (the
"Management Information Circular").


Completion of the Transaction is subject to a number of conditions, including
but not limited to, TSX-V acceptance. The Transaction cannot close until the
required approvals are obtained. There can be no assurance that the Transaction
will be completed as proposed or at all.


Investors are cautioned that, except as disclosed in the Management Information
Circular, any information released or received with respect to the Transaction
may not be accurate or complete and should not be relied upon. Trading in the
securities of Ranger should be considered highly speculative.


The TSX Venture Exchange has in no way passed upon the merits of the proposed
Transaction and has neither approved nor disapproved the contents of this press
release.