quiet!!!, page-10

re: 1001 samples..... MEPS Operator Incentives

As announced in late February, the Company has entered into a Technical Services
Agreement (“TSA”) with Middle East Petroleum Services Limited (“MEPS”) whereby the
Company has gained critical access to key data on the region and a highly experienced team
of petroleum geologists and geophysicists with key experience in the region. Further to the
TSA, the Company is pleased to announce that it has extended its relationship with MEPS in
the event that the Company decides to proceed with a drilling program on the highly
prospective Noogal Valley area.
Upon Range proceeding with an initial drilling program with MEPS as operator, MEPS will be
entitled to earn a 15% interest in the concession area the subject of the drilling program (to be
determined by Range) by expending 200%, 150%, 125% and 100% respectively of its share of
the cost of the first 4 wells drilled. All four payments need to be made in order for the 15%
interest to arise.
MEPS will also be entitled, subject to shareholder approval, to the following incentive based
options:
i. 50m options (listed RRSO class, 5 cents, 1 October 2007) on or before 30 April 2006
(shareholder approval will need to be obtained);
ii. 50m options (listed RRSO class, 5 cents, 1 October 2007) within 7 days of Range
spudding its first well in Puntland with MEPS as operator;
iii. 200m options (unlisted class, 10 cents, 30 June 2009) to be issued to MEPS (as
operator) or its Nominee within 7 days of the following:
a. completion of any agreed first drilling program (likely 3-4 wells) (“First
Program”) ; or
b. “commercial discovery” in any well drilled under the First Program,
whichever occurs earlier.
The Company looks forward to updating shareholders of its activities over the coming months.

Yours faithfully
PETER LANDAU
Director/Company Secretary