RANGER ACQUIRES TRACT OFF NAMIBIA

Namibia's Ministry of Mines and Energy has awarded the second exploration license in its first licensing round to Ranger Oil Ltd., Calgary. Ranger was awarded License Area 9913 covering about 5,170 sq km in the Walvis basin off northern Namibia. Ranger, one of four entities seeking the license, has committed to drill an undisclosed number of deep wells and spend at least $800,000 training Namibians during the first 4 years of the license .

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