Post by
falc on Jan 16, 2014 10:38am
news!
Rango Energy Appoints Bob Harrell, Former ExxonMobil Executive, as CEO Company Also Appoints former Hunt Oil Executive, Stan Pittman, as Head of Rango's Technical Advisory Board DALLAS, TEXAS--(Marketwired - Jan 16, 2014) - Rango Energy, Inc. (OTCBB:RAGO) ("Rango Energy" or "the Company"), an oil and gas exploration and development company, announced the appointment of Mr. Robert (Bob) Harrell as its new Chief Executive Officer and Mr. Lewis (Stan) Pittman as the head of Rango's Technical Advisory Board. Mr. Harrell is a veteran of the oil and gas industry, with over thirty-five years of experience in oil and gas exploration and production. He spent twenty years with ExxonMobil Corporation and Superior Oil Company. His tenure included technical engineering, operational, supervisory and executive management roles in both companies. Mr. Harrell also co-founded a successful Acquisition and Divestiture Transaction Advisory Firm that worked with numerous well-recognized companies including Chevron, Texaco, ConocoPhillips, Hess, Fidelity-Montana-Dakota-Utilities (MDU) as well as XTO, 3-TEC, Newfield, Denbury, and EnerVest and many others. The resulting transactions negotiated by Mr. Harrell were valued in the billions of dollars. Mr. Harrell is a member of the Society of Petroleum Engineers, The Dallas Wildcatters and the Dallas Petroleum Club. The company is also pleased to announce the addition of Mr. Lewis (Stan) Pittman to head its Technical Advisory Board. Mr. Pittman is a proven leader in domestic oil and gas exploration and geoscience with over 40 years of industry, business, management and professional expertise, including 33 years working for Hunt Oil Company. During his time with Hunt Oil Company as an exploration geologist, Mr. Pittman worked his way to Exploration Manager and was responsible for geoscience evaluation and lease negotiations in the drilling of over 70 projects throughout the United States. This activity resulted in numerous discoveries and added significant production to Hunt Oil. Mr. Pittman is a past President and Honorary Life Member of the Dallas Geological Society, and is a member Emeritus and Honorary Life member of the American Association of Petroleum Geologists. Mr. Pittman is a past President of the Texas Section of the American Institute of Professional Geologists. He is a member of the Society of Independent Professional Earth Scientists and past Chairman of the Dallas Chapter. Harp Sangha, Rango CEO since 2012, will remain as Chairman of Rango Energy. Mr. Sangha commented, "With the appointment of Bob, we are thrilled to have attracted such a talented and experienced oil and gas executive to the Rango team. Bob has been actively involved Rango's primary partner, Innex Energy, for the past several years, has intimate knowledge of the Innex portfolio of oil and gas leases, and will be key to helping manage and grow Rango's relationship with Innex. We plan on providing shareholders with an update on the status of Rango's involvement with Innex before long, but having Bob at the helm of our company will help ensure that we maximize our opportunity with Innex. We are confident that Bob will help Rango become a significant energy and production company in the near future."
Comment by
zorro7787 on Jan 16, 2014 5:15pm
Right out of the gate the news release has errors. ExxonMobil merged in 1999, that's 13 years ago by my calculations, and Superior Oil was acquired by Mobil Corporation in 1984 for 5.7B reads well, but as usual it's another dog, who in their right mind would join a penny stock dog??? either promise of loot, or someone's getting raped.....lmao