Ann: Commencement of Operations in Indonesia, page-2

Range, an international oil and gas company with assets in Trinidad and Indonesia, and an oilfield
services business in Trinidad, is pleased to announce commencement of operations at the Perlak field,
located in Northern Sumatra in Indonesia.
The rig to be utilized for the work programme has been successfully rigged up at the POG-D well location,
which is the first well identified in the work programme. The reopening of the POG-D well has already
commenced and is expected to be completed by the end of this month. Following reopening of the well,
the same rig will be used to undertake a workover on the well.
The work programme has been designed to swiftly reinitiate production from the historically producing
oilfield, and is expected to add up to 200 barrels of oil per day ("bopd") of production (gross).
Yan Liu, Range's Chief Executive Officer, commented:
"We are hugely excited to be announcing the commencement of operations in Indonesia, on track with
the previously announced schedule. The Perlak field is one of the oldest producing oilfields in the world,
geologically similar to our producing assets in Trinidad. Our objective in Indonesia this year is to reinitiate
production from this mature field, commence cashflows and firm up the future development plan. We
believe this asset has the potential to deliver significant benefits to our shareholders and we look forward
to sharing details of our progress in future announcements.