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progress update – Range Energy Resources, Inc.

Range Energy Resources, Inc. · Jul 1, 2014 · 12 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. progress update – Range Energy Resources, Inc. – slide 1
    A New Beginning 1 July 2014 Progress Update and Q&A
  2. progress update – Range Energy Resources, Inc. – slide 2
    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 is responsible…
  3. progress update – Range Energy Resources, Inc. – slide 3
    The Turn Around Continues: Feb - May New Management in Place New senior management and strengthened operational team Focused Strategy: Three projects in Trinidad 1. Development drilling in Morne Diablo and South Quarry 2.…
  4. progress update – Range Energy Resources, Inc. – slide 4
    The Turn Around Continues: May - June Corporate debt repaid Expensive, dilutive debt removed New equity investor - bought in at a premium Updated Reserves Report 9% increase to P2 resources in Trinidad Encouraging operational…
  5. progress update – Range Energy Resources, Inc. – slide 5
    Strong Strategic Partner - LandOcean LandOcean Energy Services Co., Ltd International oil & gas services provider listed in Shenzhen, China (Market Cap c.US 1.3 billion) LandOcean are a capable and technically sophisticated preferred…
  6. progress update – Range Energy Resources, Inc. – slide 6
    Updated Reserves in Trinidad Summary of Trinidad reserves* 1P 2P 3P Summary of 1P reserves* (mmbo) 20.0 Morne Diablo 4.6 7.0 12.5 19.0 18.0 South Quarry 0.6 1.0 1.3 16.0 Reserves mmbo Beach Marcelle 13.9 14.0 14.4 14.0 12.0 13.9…
  7. progress update – Range Energy Resources, Inc. – slide 7
    South Quarry Result and Drilling Operations Update Operations continue without any significant Health, Safety, Security and the South Quarry location Environment (HSSE) incidents Excellent results at the South Quarry QU 452…
  8. progress update – Range Energy Resources, Inc. – slide 8
    The Strategy - Grow Production, Selective Exploration 9
  9. progress update – Range Energy Resources, Inc. – slide 9
    2014 Company Targets Operational Double production - safely and responsibly Positive operating cash flow Drill two exploration wells Financial Long term finance for Trinidad operations Continue to reduce corporate overheads…
  10. progress update – Range Energy Resources, Inc. – slide 10
    Summary Three oil producing assets and largest onshore acreage holder in Trinidad Solid reserves Solid reserve base, certified 1P of 19.0 mmbo in well-known, easy-to-access reservoirs base in Trinidad In-house drilling and services…
  11. progress update – Range Energy Resources, Inc. – slide 11
    Q&A 12
  12. progress update – Range Energy Resources, Inc. – slide 12
    Contact Information Buchanan Financial PR (UK) Email: rangeresourcesbuchanan.uk.com Range Resources Limited Email: adminrangeresources.co.uk www.rangeresources.co.uk 13

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