Mr. Patrick de Genevraye appointed to Range Oil & Gas Inc. Board
Vancouver, BC, Canada - Range Metals Inc. (CNQ:RMIC) (FWB:YGK) is pleased to announce the appointment of Mr. Patrick de Genevraye to the Board of Directors of its wholly owned subsidiary Range Oil and Gas Inc.
Mr. Genevraye is a freelance energy consultant based in France providing technical studies, evaluations and assistance in negotiations for the acquisition and development of oil and gas opportunities primarily in the Middle East and Northern Africa. Prior to this, Mr. Genevraye held several senior positions with Total Petroleum, the fourth largest publicly-traded integrated international oil and gas company and a world-class chemicals manufacturer, including Senior Executive in charge of Total Group operations and business development in Iran, Oman and Syria.
He was also Chairman of Total Exploration Oman, the Total operating company for hydrocarbon exploration in Oman, and has served on several boards including Oman LNG, and the Oman government’s Petroleum Development Oman (PDO).
Mr. Don Sheldon, President of both Range Metals Inc. and Range Oil & Gas Inc., states “We are delighted to have Mr. Genevraye join in our efforts to both advance our recently announced MOU with Taqah Oil Exploration to farm in to the exploration of Block 57 in Oman, and to secure other promising projects”. Block 57 is held under a Production Sharing Agreement entered into between Taqah and the Oman Ministry of Oil in 2006, and is located on the west flank of the prolific south Oman salt basin, close to existing oil production infrastructure.
The current seismic coverage with 2800km of 2D seismic and 31km of 3D seismic over Block 57 indicates 16 prospect leads with three of them having sufficient control to elevate them to drillable prospects. An ongoing seismic program is planned to upgrade the other leads to drillable targets. The three initial wells are targeting unconformity traps in the Upper and Lower Khuff reservoirs. Sub crop plays of the magnitude identified by seismic in this area of Oman may, by analogy with similar geological areas, contain large reserves of hydrocarbons.
About Range Metals Inc.
Range Metals Inc., publicly traded on the Canadian Trading and Quotation System (CNQ:RMIC) and Frankfurt Stock Exchange (FWB:YGK), is negotiating for concessions to explore and develop oil and gas opportunities in the Middle East and Central Africa through its wholly-owned subsidiary Range Oil & Gas Inc.
ON BEHALF OF THE BOARD OF DIRECTORS
“Don Sheldon”
Don Sheldon, President
For further information contact Don Sheldon or:
Garth Edgar, CFO, Range Metals Inc.
Tel: 604-681-2006 Fax: 604-689-1758. Email: range@rangemetals.com
THE CNQ AND FRANKFURT STOCK EXCHANGES HAVE NOT REVIEWED AND DO NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
This release includes certain statements that may be deemed to be "forward looking statements" within the meaning of the U.S. Private Securities Litigation Form Act of 1995. All statements in this release, other than statements of historical fact, that address future production, reserve potential exploration and development activities and events or developments that management of Range expects, are forward looking statements . Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of Range Metals Inc. at www.sedar.com for further information.
