Director Appointments

Range is pleased to announce the appointment of two Australian resident Directors to the Board with immediate effect.

The Company's Board of Directors is now comprised of Mr Zhiwei Gu (Chairman), Mr Yan Liu, Ms Juan Wang, Mr David Yu Chen, Mr Yu Wang, Mr Lubing Liu and Dr Yi Zeng.

Brief biographies of the new Directors are provided below:

Mr Lubing Liu, Non-Executive Director

Mr Lubing Liu, aged 44, has over 20 years' extensive global experience in petroleum exploration, development, production, joint venture operations and new ventures.

He is currently an independent consultant to MEO Australia Limited (an ASX listed company). Prior to that, he held various subsurface leader roles, including Chief Reservoir Engineer with MEO Australia Limited, Vice President of Exploration and Petroleum Technology with Sinopec East Puffin Pty Ltd, and other international E&P and energy service companies including ConocoPhillips, CNOOC, Woodside, RPS and Senergy.

Mr Liu has an extensive waterflooding experience having worked at the Penglai oilfield in China, the Chinguetti oilfield in Mauritania and Block 95 in Peru.

Mr Liu holds a BSc in Petroleum Engineering from the Southwest Petroleum University, China. He is a Member of the Society of Petroleum Engineers.

Dr Yi Zeng, Non-Executive Director

Dr Yi Zeng, aged 60, has over 30 years of experience in the oil and gas and mining industries. Dr Zeng has held various technical and research positions with global companies, including BHP Billiton and Santos Asia Pacific.

Dr Yi Zeng holds a PhD in Geophysics from the Victoria University of Wellington, New Zealand; MSc in Applied Geophysics; and BSc in Geophysical Exploration from the Chengdu University of Technology, China.

See appendix for further information in accordance with Schedule Two (g) of the AIM Rules for Companies.

Further to the appointment of these two directors, the Company expects trading of its shares on the ASX to resume shortly. 

Commenting on today's announcement, Kerry Gu, Chairman, said:

"I am delighted to welcome Mr Liu and Dr Zeng to the Board. Together, they bring significant experience and broad industry knowledge, from which Range will benefit enormously. We are very fortunate to have attracted such high calibre oil industry veterans. Following these appointments, I am confident that we have the right mix of technical and management expertise to further strengthen Range's prospects and fulfil our growth ambitions."

Appendix

Schedule Two (g) information

Mr Liu is currently or has been a director of the following companies in the last five years:

Mr Liu does not hold any interest in the share capital of the Company.

Dr Zeng is currently or has been a director of the following companies in the last five years:

Dr Zeng does not hold any interest in the share capital of the Company.

There are no other matters in relation to the new directors that require disclosure under the AIM Rules.