IRAQ PROJECT

On November 17, 2009, Range acquired a 24.95% indirect interest in the Khalakan Block in the Kurdistan Region of Iraq in an arm’s length acquisition.

The Khalakan Block consists of two concessions and comprises 624 sq. km. (154,205 acres) located in the central part of the Kurdistan Region of Iraq.

Khalakan is situated 50 kilometers North East from the Kirkuk oilfield.  The block sits on trend with and between the Taq-Taq oil field to the North West and Heritage Oil’s Miran discovery to the South East.