Rango Energy and Innex Energy to Participate in Two Occidental Petroleum Wells in the San Joaquin Basin

Rango Energy and Innex Energy to Participate in Two Occidental Petroleum Wells in the San Joaquin Basin
  
 

DALLAS, TEXAS--(Marketwired - Feb 26, 2014) - Rango Energy, Inc. (OTCBB:RAGO) "Rango Energy" or "the Company"), an oil and gas exploration and development company, is pleased to announce that they will be participating in two Kreyenhagan wells in California's San Joaquin Basin.

Mr. Harrell commented, "INNEX California has provided Rango with the opportunity to join in the drilling of these two exciting wells located within a current producing property. Authorizations for Expenditure (AFE's) have been received as part of an ongoing joint venture with a significant oil and gas major located in California. INNEX California and Rango correctly anticipated these wells to be drilled in the second quarter of this year. The participation in these highly economic wells through this important joint venture is the first step of Rango and INNEX California developing this large, diversified portfolio of oil and gas asssets in the San Joaquin basin. We look forward to sharing more about these wells and our 2014 work program with shareholders 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. Rango has 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.

Rango Energy, Inc.1 [phone]www.rangoenergy.comMZ North AmericaTed [e-mail] Hills CapitalJim MacDonald/Clay Chase858-759-9902