Ann: GBP1m Subscription to Accelerate Trinidad Asset Growth, page-2

Is that around .002c in real money? Cheap if it is. Would be nice to offer that to us long sufferers.
" Range, an international oil and gas company with assets in Trinidad and Indonesia, and an oilfield
services business in Trinidad, is pleased to announce a subscription for new ordinary shares to raise
£1 million before expenses (the "Subscription"). Pursuant to the Subscription, the Company will issue
909,090,910 new ordinary shares (the "Subscription Shares") at a price of 0.11 pence per new
ordinary share.
The proceeds of the Subscription will be used to accelerate the growth strategy of the Company’s
current assets in Trinidad, with a view to further increasing production and cashflow.
Yan Liu, Range's Chief Executive Officer, commented:
"We are pleased to be able to commit this additional funding into infrastructure upgrades at our
Trinidad assets. This will enable us to continue production growth and allow us to further develop our
significant assets with a view of unlocking the full potential of our reserves base in the years ahead.
With an active ongoing work programme, we are focused on delivering on our key objectives geared
towards production growth to 1,000 bopd target and increasing cashflows. We look forward to
demonstrating progress to our new and existing shareholders.”