Rango Energy Inc. (OTC: RAGO) appointed its CEO, Robert Harrell, as the chairman of its board of directors, the company said.
Harrell’s appointment lets the company begin strengthening its board of directors, the company said.
Independent board members should be appointed by the end of the year, the company noted.
"Rango is in the unique position of being an early stage oil and gas company, partnered with INNEX Energy, with a vast portfolio of established oil and gas reserves,” Harrell said.
He continued, “Building a first rate board of directors is an integral part of our strategy to shape the company in a way that will enhance its public profile, maximize shareholder value and allow Rango to uplist to a major exchange as soon as possible,” adding, “We are focused on bringing additional outside board members who can help us achieve our goals. I am very excited to take on the role of chairman and look forward to working with my team at Rango to capitalize on the major opportunity this company has been presented with."
Harrell had been appointed CEO Jan. 16, according to a separate press release from that date.
Rango Energy, based in Dallas, is an E&P oil and natural gas company operating in central California.
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