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EPIC: RRL
Market: AIM:RRL
ASX:RRS
52-week High/Low: 0.68p / 0.30p
Sector: Oil & Gas Exploration & Production
Market Cap: 25.83M
Range Resources

Range Resources

Range Resources is a dual-listed (ASX:RRS and AIM:RRL) E&P company, with core assets onshore Trinidad. The Company is focused on growth through acquisition of transformational new projects, whilst continuing production and reserves growth through implementation of waterflood programme in Trinidad.

Range Resources

www.rangeresources.co.uk

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Range Resources Snapshot

Range is an exploration and production company listed on ASX and AIM. Range is focused on growth through acquisition of transformational new projects, whilst continuing production and reserves growth in Trinidad. The Company has a robust balance sheet, streamlined operations, support from strategic partner, and the Board and management fully aligned with shareholder interests.

RERVIEW OF ASSETS
CORE ASSETS: TRINIDAD
The Company holds a 100% interest in three production licences in Trinidad – Morne Diablo, South Quarry and Beach Marcelle, as well as interests in two exploration blocks – St Mary’s and Guayaguayare.The Company's focus is on growing its production by implementing waterflood projects

NON-CORE ASSETS: GEORGIA, GUATEMALA
The Company continues to pursue disposal of its interests in these non-core assets.

For more information please click here 

 

BOARD

Mr Zhiwei (Kerry) Gu, Non-Executive Chairman

Mr Gu, is an experienced corporate lawyer, who has worked with numerous companies seeking listing approval on various stock markets including Chinese A share, NASDAQ, TSX and HKSE. He is currently a partner of Dentons, one of the largest global law firms. Mr Gu has participated in several Venture Capital and Private Equity investment cases by various funds, such as London Asia Fund, Warburg Pincus, Korea Development Bank, China Venture Investment Co, and China Cinda AMC.  During his time with China National Gold Group Corp., Mr Gu was in charge of mineral resource M&A activities. Mr Gu holds a LL.B. from the Jilin University in China; a LL.M. from the Northeast University in China; and a Master of Applied Finance from the Macquarie University in  Australia. Mr Gu is a qualified lawyer and securities practitioner in China.

 

Mr Yan Liu, Chief Executive Officer and Executive Director

Mr Liu, has over 19 years of accounting and corporate advisory experience in China and Australia. Mr Liu was the Chief Financial Officer with AIM listed China Rerun Chemical Group Limited, a China-based lubricant oil company and a partner of Agile Partners, the financial advisory company based in China. Previously, Mr Liu was the Financial Controller at Legalwise Seminars Pty in Australia and he spent 8 years at Chinatex Corporation where he worked in project management positions. Mr Liu holds a Bachelor degree in Economics from Central University of Finance and Economics, China, and a Master degree in Commerce from the University of New South Wales, Australia.

Ms Juan (Kiki) Wang, Non-Executive Director

Ms Wang is currently a president of Energy Prospecting Technology USA, Inc. and LandOcean Energy Canada Ltd. where she is responsible for overall management work for the subsidiary companies of LandOcean Energy Services Co. Ltd. in Houston and Calgary. Prior to the current position, she was an investment manager at Anterra Energy Inc. responsible for Chinese investor liaisons. Prior to joining Anterra, Ms Wang was manager of corporate mergers and acquisitions at LandOcean Energy Services Co. Ltd. Ms Wang has a commercial banking background, having previously worked for Deutsche Bank and Bank of East Asia.

 

Mr Lubing Liu, Non-Executive Director

Mr Lubing Liu, 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, 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.

 

MANAGEMENT

Mr Yan Liu,Chief Executive Officer and Executive Director

Mr Liu, has over 19 years of accounting and corporate advisory experience in China and Australia. Mr Liu was the Chief Financial Officer with AIM listed China Rerun Chemical Group Limited, a China-based lubricant oil company and a partner of Agile Partners, the financial advisory company based in China. Previously, Mr Liu was the Financial Controller at Legalwise Seminars Pty in Australia and he spent 8 years at Chinatex Corporation where he worked in project management positions. Mr Liu holds a Bachelor degree in Economics from Central University of Finance and Economics, China, and a Master degree in Commerce from the University of New South Wales, Australia.

Mr Nick Beattie, Chief Financial Officer and Joint Company Secretary

Mr Nick Beattie has over twenty years of experience in finance working with a range of international banks. Most recently he was a Managing Director in the BNP Paribas Upstream Oil and Gas team in London where he was responsible for leading the bank relationships with UK focused independent E&P companies. Nick has approximately ten years’ experience specifically financing the E&P sector and whilst at BNP Paribas, he structured and led numerous reserve based loans, development financings and other debt facilities. Prior to working with BNP Paribas, Nick worked as a Director within the Oil and Gas finance team at Fortis Bank covering Europe, Middle East and Africa and in a variety of roles with National Australia Bank Group. Nick is an Associate Member of the Association of Corporate Treasurers and a Fellow of the Chartered Institute of Bankers in Scotland.

 

Mr Lijun Xiu, Vice President of Operations

Mr Xiu has a long and distinguished geological career of over 30 years working for the Research Institute of Petroleum Exploration & Development (a division of China National Petroleum Corporation), where most recently he was a Deputy Chief Geologist for one of the largest oilfields in Songliao Basin in China. Mr Xiu has extensive experience in oilfield exploration and development planning, drilling design, research on geological conditions for oil and gas accumulations and target selection, evaluation of oil reservoir properties and productivity construction, evaluation of well logging, and assessment of hydrocarbon reserves. Mr Xiu holds a Bachelor degree in Geological Prospecting from the Northeast Petroleum University in China. He also holds a number of professional titles, including Reserves Evaluation Specialist from the Ministry of Land and Resources of the People's Republic of China. Mr Xiu has published more than 20 research papers in domestic and international academic journals. Mr Xiu is a Member of the Society of Petroleum Engineers.

Dr Douglas Field, Engineering Consultant

Dr Douglas Field is a petroleum and reservoir engineer with over 30 years' international exploration and production experience. Since 2003, he has held a number of engineering and business development posts at Tullow Oil plc, and from 2003-2007 was Group Engineering Manager where he was responsible for Tullow's petroleum, reservoir, well services, production and facilities engineers, and from 2007-2012 Business Unit Manager for Tullow’s activities in North and North West Africa. Prior to this, he worked in technical leadership positions for LASMO Grand Maghreb Ltd, Monument Oil and Gas plc, Centrica plc and BHP Petroleum Ltd. His experience includes running field and production operations in onshore Libya, Iran, Algeria, Angola and the North Sea. Dr Field holds a Ph.D. in Organic Chemistry from the University of Leeds.

 

Ms Sara Kelly, Joint Company Secretary

Ms Sara Kelly is an experienced Company Secretary and Corporate Lawyer with over 10 years’ experience. Sara has comprehensive knowledge and experience in administering regulatory frameworks and processes in a listed company environment and practised as a corporate lawyer specialising in acquisitions, takeovers, capital raisings and listing of companies on ASX and AIM. Sara has acted as the company secretary of a number of ASX listed companies.

Ms Evgenia Bezruchko, Group Corporate Development Manager

Ms Evgenia Bezruchko has an extensive experience in corporate development and capital markets in natural resources sector. Prior to joining Range in 2012, Evgenia worked in corporate broking and equity sales for an independent merchant bank Brandon Hill Capital (formerly Fox-Davies Capital Limited), covering a wide range of listed and private oil & gas and mining companies. Evgenia holds a BSc in Pharmacology from the University of Bristol, an MSc in Finance from the University of Westminster and an MBA from the American InterContinental University.

 

Mr James Warren, Group Financial Controller

Mr James Warren is a Chartered Accountant with over 10 years' experience, predominantly in the oil and gas sector. Prior to joining Range in 2014, James was the Group Financial Controller with AIM listed oil and gas company Ascent Resources plc. James had previously worked within BDO LLP’s natural resources department in London where his client portfolio included numerous AIM listed oil and mining companies with exploration and production assets. James holds a Bachelor degree in Economics with Hispanic studies from The University of Nottingham.

Range is a non DTR company, and as such, statutory disclosure of significant shareholdings is different and may not always ensure compliance with the requirements of AIM Rule 17. 

There are no shares held as treasury shares. 

Approximately 42% of Range’s AIM securities are not in public hands. 

There are no restrictions on the transfer of Range's AIM securities.

Beijing Sibo Investment Management LP 32%
Abraham Limited 9%
Barclayshare Nominees Limited 6%
TD Direct Investing Nominees Limited (Europe) 4%
Investor Nominees Limited 3%
HSDL Nominees 3%
Hargreaves Lansdown Limited 3%
TD Direct Investing Nominees Limited 2%
HSBC Client Holdings Nominees Limited (UK) 2%

UK Office
Range Resources Upstream Services Limited
10 Adam Street
London   
WC2N 6AA
T: +44 (0) 20 7520 9486
F: +44 (0) 20 7520 9487

Australian Office
c/o Edwards Mac Scovell Legal
Level 7, 140 St Georges Terrace
Perth
WA 6000
T: +618 6205 3012

Advisors

Auditors
BDO Audit (WA) Pty Ltd
38 Station Street
Subiaco WA 6008
Tel: +61 8 6382 4600
Fax: +61 8 6382 4601


Cantor Fitzgerald Europe (Nomad and Broker)
One Churchill Place
London E14 5RB
Tel:  +44 207 894 7000
www.cantor.com

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