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Gold/Mining/Energy : Range Petroleum--RAN:VSE -- Ignore unavailable to you. Want to Upgrade?

To: Kent C. who wrote (72)	4/1/1998
From: Bucky	Read Replies (1) \| Respond to of 96

Just thought I'd post the latest news release: Range Announces Drilling Agreement With Renata Resources Inc. And Addition To Exploration Team Range Petroleum Corporation announces that it has entered into a drilling option agreement with Renata Resources Inc. covering Range's 100% working interest lands in the Trossachs (Midale) area of southeastern Saskatchewan. Under the agreement, Renata et al will drill the well ''Renata DBM Abbott 4-24-7-17 W2M'' to a minimum depth sufficient to penetrate the Ordovician Formation estimated 2,500 metres subsurface. The Renata DBM well directly offsets Range's 100% held sections 13 and 14, which form art of the company's 3,520 gross (2,720 net) acre leasehold block in this area. Range has granted to Renata et al continuous roll-along drilling options on the entire 3,520-acre block. The first option well, if drilled, would commence no later than 120 days following rig release date on the Renata 4-24 test well. Subsequent option wells would be drilled at not greater than 90-day intervals. Renata has licensed the 4-24 test well as 2,800-metre Deadwood test. Drilling commenced on March 18, 1998. Further information on Renata's test well will be restricted due to the ''tight-hole'' status designated by the Operator. Devonian Specialist Joins Range The Company is pleased to announce the addition of Mr. Mark Hadley, M.Sc Geol. to Range's exploration team, Mr. Hadley joins Range after 11 years experience in the Western Canadian oil and gas industry with Husky Oil, PanCanadian and most recently as Senior Geologist with Suncor Energy Inc. Mr. Hadley, who specializes in Devonian carbonate reservoirs, has generated and drilled multiple Nisku, Swan Hills, Leduc and Wabamun projects. Mr. Hadley's skills complement Range's Exploration Team with its focus on high impact reefal structures. The Company is granting Mr. Mark Hadley 100,000 Employee Incentive Stock Options exercisable at$1.69 per share, expiring March 25, 2003. The Vancouver Stock Exchange has neither approved nor disapproved of the contents herein.