Big picture - Why invest in Range Resources
Range Resources Snapshot
OUR VISION AND STRATEGY
GROW PRODUCTION AND RESERVES
Deliver production growth and sustainable positive cashflow through implementation of modern technologies.
CONTINUE TO BUILD A TRACK RECORD OF SUCCESSFUL OPERATIONS
Significant operational activity across all assets to provide high impact results and newsflow.
BUILD AN ASSET BASE
Build an attractive portfolio of assets in proven hydrocarbon basins with production and reserves growth potential.
Maintain financial strength and flexibility through strict cost discipline.
NEW ASSET ACQUISITIONS
Continue to evaluate acquisition opportunities of high quality assets with large upside potential.
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 principal operational focus in Trinidad has recently been on implementing a secondary recovery waterflood programme at the Beach Marcelle and Morne Diablo fields. Range believes that full implementation of the waterflood projects, which account for the majority of the reserves of the Company, are important to its production growth in Trinidad.
During 2017, Range expanded its footprint by acquiring a 23% interest (to increase to 42% upon completion of the minimum work programme) in the Perlak field located in a mature hydrocarbon province of Northeast Sumatra. The field is one of the oldest producing oilfields in the world, first discovered in 1899. It lies on-trend with many producing hydrocarbon fields, including the giant Arun field.
The planned work programme is aimed at swiftly re-initiating production from the existing wells, firming up the field development plan, and fully exploiting the potential resources.
The initial geological and geophysical studies have commenced.
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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.
Mr Lubing Liu
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
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.
Ms Juan (Kiki) Wang
Ms Wang was previously a president of Energy Prospecting Technology USA, Inc. and LandOcean Energy Canada Ltd. where she was responsible for overall management work for the subsidiary companies of LandOcean Energy Services Co. Ltd. in Houston and Calgary. Prior to that, she was an investment manager at Anterra Energy Inc. responsible for Chinese investor liaisons and a 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.
DETAILS OF SENIOR MANAGMENT HERE
Australian Office | Range Resources Limited | c/o Edwards Mac Scovell, Level 7 | 140 St Georges Terrace | Perth WA 6000
T: +618 6205 3012
UK Office | Range Resources Upstream Services Limited | 1 Long Lane | London SE1 4PG
T: +44 (0) 20 3865 8430
Trinidad Office | Range Resources Trinidad Limited | 227 Gulf View Drive | San Fernando | Trinidad and Tobago
T: +1 868 223 9062
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