Range is entering a potentially transformational phase in its development that could take it from junior to mid-tier E&P play. Over the next four months Range has three high-impact exploration wells scheduled in Puntland and Georgia plus a development well in Texas. Near-term, Range is very much a play on the outcome of the high impact drilling projects, but investors should not lose sight of the Texas and Trinidad assets, which offer both excellent cash generating and development potential.

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