RANGE ENERGY RESOURCES INC ("RGO-Z") - CORPORATE UPDATE
April 18, 2012
Range Energy Resources Inc. wishes to announce that it continues to
meet all relevant obligations related to the Khalakan PSC and fully
supports the efforts of its partners to complete the exploration schedule
in a timely manner. The Company has requested an exploration update from
the operator and will inform its shareholders on receipt of the update.
The Company terminated its letter of intent with Blackstairs Energy
plc. ("Blackstairs") as the parties were unable to agree on the structure
of a definitive agreement.
The Company is actively evaluating and pursuing other opportunities in
the area and other regions but no agreements have been reached with any
For further information on Range Energy Resources Inc., please visit the
Company's web site at www.rangeenergyresources.com.
On Behalf of the Board of Directors:
TEL: 604-688-9600 Toufic Chahine, Chairman