Rango Energy (OTCQB:RAGO) Conference Call Replay Dial-in InstructionsVince Ramirez, CEO of Hangtown Energy, put on a great conference yesterday giving shareholders and investors an update on the drilling currently underway at Rango Energy's Kettleman Middle Dome (KMD) property in California. The company has drilled over 8 , 000 feet of a 13,000 foot well targeting the McAdam's formation, one of the most prolific producers in California. Vince provided operational and technical details of the project and concluded with a Q&A session. If you were unable to get on the call today, please dial-in the numbers below for a replay of the call.
Replay Dial-In Numbers:
TOLL-FREE:
+1-877-870-5716
TOLL/INTERNATIONAL:
+1-858-384-5517
From: 7/25/13 @ 5:00 pm ET
To: 8/08/13 @ 11:59 pm ET
Replay Pin Number: 4630348
Company Overview
Rango Energy is an independent energy company engaged in the acquisition, development, and production of crude oil and natural gas in the North America. Through a definitive agreement signed with Hangtown Energy, Rango holds interests in various properties located in Central California including Kettleman Middle Dome (KMD), Elk Hills, and South Tapo Canyon. The three projects cover over 12,500 acres of oil production rights with potential reserves of 40 to 60 million barrels of oil (MMBO) and over 170 billion cubic feet of gas (BCFG), with additional upside potential of up to 60 MMBOE. Reserves are produced through conventional drilling, which does not require artificial stimulation through hydraulic fracturing or "fracking." For additional information, visit
www.rangoenergy.com .
Investment Highlights
* Rango has entered into a definitive agreement with Hangtown Energy (HEI), a privately held oil and gas exploration and development company, whereby it will provide funding for 100% of a 6 well initial development program into three different project areas in Central California.
* Operator and leaseholder Hangtown Energy's management have extensive experience and expertise in developing major producing properties in the San Joaquin Valley.
* Initial cash flow from production pays back 100% of drilling and development costs, after which Rango receives 75% working interest on the wells completed in the initial drill program. Further wells will be developed on a 50-50 basis with Innex, the leaseholder and the Rango-Hangtown joint venture. The leaseholder, Innex, has a right to revert to a 5% royalty on the production and allow Rango-Hangtown to cover the costs and share a 95% working interest.
* Yielding approximately 68% of California's oil production in 2008, the San Joaquin Valley has been one of North America's most prolific oil and gas production regions since the early 1900's.
As always, if you have any questions, please do not hesitate to get in contact with me anytime.
Best Regards,
Etienne