Shareholder Communications Policy The Company has adopted continuous disclosure standards which are overseen by the Board of Directors and form part of the Group's corporate governance standards. The Board of Directors and its advisors…
HIGHLIGHTS AND STRATEGY Rory Scott Russell, CEO 4
Highlights for the Financial Year Corporate The Board and senior management restructure completed with an experienced operational team now in place Farm-in agreement with Niko Resources on the Guayaguayare licences in Trinidad signed…
The Strategy Grow Production, Selective Exploration Our Asset Portfolio is a Foundation for Growth Texas Georgia Status: Exit Status: Exit Non-core production asset Non-core exploration asset Sale process proceeding Large onshore PSA…
FINANCIAL REVIEW Nick Beattie, CFO 7
2014 Financial Results Highlights Our core Trinidad business was profitable despite a severe lack of Our core Trinidad investment, with EBITDA of approximately US2 million business was profitable Trinidad also had positive net…
Financing Summary During the financial year, Range had numerous separate Flexible US15 million debt facilities in place which were very short-term, complicated and dilutive. All debt was repaid during the medium-term debt facility…
OPERATIONS OVERVIEW Rory Scott Russell, CEO 10
Production growth in Trinidad driven by three projects 1. Development drilling Range is the largest private Low risk, low cost, shallow drilling in well known reservoirs with quick development from spud to production onshore acreage…
Current status of operations in Trinidad Production operations Current production in Trinidad is 564 bopd Two shallow development wells currently drilling An additional three to five development wells planned to year end Three new…
Health, Safety, Security and Environment (HSSE) The new management team has implemented comprehensive new HSSE policies and monitoring The Company is now achieving a procedures to significantly improve HSSE performance Lost Time…
Exploration: Guayaguayare PSCs The first deep onshore exploration well to be drilled by Range on the Guayaguayare licence The deepest well to be drilled The well is due to spud by Q1 2015 with target depth of 8,500 ft. by Range in…
Colombia Asset Overview Refocus of strategy to free-carried positions and exit from high-commitment blocks Summary of the assets These interests enable Range to Range holds a 10% carried interest in three 2012 bid round blocks along…
2014 Year End Targets Update Operational Double production - safely and responsibly Delayed to H1 2015 Unanticipated delays in raising financing for our operations have reduced the companys ability to make the investments required to…
In Summary Management All Range staff have been working tirelessly to turn around the company Range is now on firm ground to continue with its plans The Assets Trinidad onshore is a fundamentally strong business, that has suffered…
Your contacts Buchanan Financial PR (UK) e. rangeresourcesbuchanan.uk.com MAGNUS Financial PR (Australia) e. rdeardenmagnus.net.au Range Resources Limited e. adminrangeresources.co.uk www.rangeresources.co.uk
APPENDIX 19
Updated Trinidad Reserves Summary of 1P reserves* Summary of Trinidad reserves* (mmbo) 1P 2P 3P Total 1P reserves Morne Diablo 4.5 7.1 12.5 of 19.0 mmbo South Quarry 0.6 1.0 1.3 20 Beach Marcelle 13.9 14.0 14.4 18 13.9 Beach…
Strategy Transforming Range Maintain focus on Trinidad Pursuing a clear strategy to benefit from the Companys unique position in Trinidad; Range is the largest private onshore acreage holder, with extensive onshore operating experience,…
Waterflood Programmes Beach Marcelle planned work programme Beach Marcelle Waterflood location c.90% of Beach Marcelle 1P reserves attributed to waterflood largest Texaco secondary recovery project in Trinidad Waterflood The field is…
Exploration: Guayaguayare PSCs Summary of the asset Guayaguayare key facts Working interest Shallow Range 32.5% (operator) In December 2013, Range acquired 50% of Nikos interest and operatorship in the shallow and deep Guayaguayare…
Exploration: St Marys block Summary of the asset Licence location Awarded the 182 km St Marys block via competitive tender in Q1 2014 Highly prospective acreage with multiple plays, on trend with several significant recent onshore…
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