SOUTHLAKE, Texas, May 23, 2016 /PRNewswire/ -- Rangeford Resources, Inc. (OTCQB:RGFR). Rangeford Resources, Inc. (the "Company" or "Rangeford") announced the appointment of Marc L. Duncan as President and Chief Operating Officer.
Mr. Duncan previously served as President and Chief Operating Officer of Contango Oil and Gas and subsidiaries from 2005 until February 2014 which at its peak had grown from a market cap of $200 million to $1.5 Billion. Contango and its partners developed and monetized the Fayetteville shale, Freeport LNG interest, and found and developed 1 TCF of reserves in the Gulf of Mexico with peak production of 235 MMCFD and 5,000 BPD condensate. During his tenure, the company received numerous awards and industry recognition including Hart's Discovery of the Year, Houston Chronicles' Top 100, and Earnest and Young's Entrepreneur of the Year candidate. Mr. Duncan has over 35 years of experience in the energy industry and has served in a variety of domestic and international management positions relating to natural gas and oil exploration. Aside from his domestic experience, Mr. Duncan worked and resided in Dubai, Ecuador, Africa, Indonesia, China, UK and Ukraine developing the assets with local government entities and foreign partners. Mr. Duncan served as President and COO for USENCO International Inc. from 2000 to 2004 and with Hunt Oil Company from 2004 to 2005. Prior experience includes positions such as a deep-water drilling engineer for ENSERCH Corp., drilling engineer for ARCO Oil and Gas and management with SEDCO, an international drilling contractor. Currently, Mr. Duncan serves as the Managing Director of Four Horses, LLC and Opal Petroleum Partners, LLC. Mr. Duncan also serves as Energy Director and Advisor for Cardinals Direction First Inc., a Native American corporation, and is on the Board of Advisors for EnergyFunders. Mr. Duncan holds a MBA in Engineering Management from the University of Dallas, a MEd from the University of North Texas and a BS in Science and Education from Stephen F. Austin University. He's been an active member of The Society of Petroleum since 1981.
Thomas Lindholm, Chief Executive Officer of Rangeford, stated, "Marc Duncan's expertise, experience and strong track record of success in the oil and gas industry brings solid operating management to Rangeford." Mr. Lindholm went on to say, "We are pleased to have Marc on the Rangeford team. "
About Rangeford Resources, Inc.: Rangeford Resources, Inc. is a Texas-based, oil and gas exploration and production company. For further information on the Company, please visit our website www.rangeford-resources.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" (statements which are not historical facts) made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations rather than historical facts and they are indicated by words or phrases such as "anticipate," "could," "may," "might," "potential," "predict," "should," "estimate," "expect," "project," "believe," "plan," "envision," "continue," "intend," "target," "contemplate," or "will" and similar words or phrases or comparable terminology. We have based such forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, many of which are beyond our control. These factors include, but are not limited to, the time to consummate the proposed development, completion and extraction; the timing and extent of changes in market conditions and prices for natural gas and oil; the timing and extent of the Company's success in discovering, developing, producing and estimating reserves; the economic viability of, and the Company's success in drilling, the Company's ability to fund the acquisition, development, completion and extraction of oil and gas assets and the Company's planned capital investments; the Company's future property acquisition or divestiture activities; increased competition; and any other factors listed in the reports the Company has filed and may file with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company's expectations only as of the date they were made. The Company undertakes no obligation to update or revise any forward-looking statements to reflect new information or the occurrence of unanticipated events or otherwise.
Investors are urged to consider closely the disclosure in our most recent Annual Report on Form 10-K and in our other filings, available from our website at www.rangeford-resources.com or by written request to 556 Silicon Drive, Suite 103, Southlake, Texas 76092. These items are also available on the SEC's website at www.sec.gov.
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SOURCE Rangeford Resources, Inc.