To: Casey who wrote (308 ) 3/30/1998 5:57:00 PM From: Rick McDougall Respond to of 1185
<Oh yeah? Who's holding a gun to your head. It seems to me that you're free to sell here if it bothers you. >.........Huh???????? <BTW, tell me about a company that has issued stock options above the market price at time of issue.> Range Petroleum Corporation RAN Shares issued 11,539,821 Mar 27 close $1.45 Mon 30 Mar 98 News Release Mr Craig Steinke reports Range Petroleum has entered into a drilling option agreement with Renata Resources covering Range's 100% working interest lands in the Trossachs (Midale) area of southeastern Saskatchewan. 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 2,500m subsurface. The Renata DBM well directly offsets Range's 100% held sections 13 and 14, which form part 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 licenced the 4-24 test well as 2,800m 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. The company has added Mark Hadley, M.Sc Geol, to its exploration team. Mr Hadley specializes in Devonian carbonate reservoirs and has generated and drilled multiple Nisku, Swan Hills, Leduc and Wabamun projects. The company is granting Mr Hadley 100,000 employee incentive stock options exercisable at $1.69, expiring March 25 2003.