Today the Company has released the Notice of Meeting in respect of various matters that need to be considered in accordance with the Corporations Act and ASX Listing Rules.
In the context of this it is important to look back, and reflect on, the year just gone. The board of Range Resources Limited (“Range” or “the Company”) acknowledges it has been a difficult year for all involved in the Company, resulting largely from a delay in the timing of key events and a fall in the value of the Company’s share price. We, like all shareholders, are disappointed by certain key events which were outside our control in addition to delayed delivery of other events which were under our control.
The purpose of this letter is not to divert attention from the issues but to acknowledge them and identify and highlight the range of significant achievements, of which there has been many, we have made this year. It has not been a year devoid of achievement.
From the board’s view, Range is now positioned to fulfil its key corporate and operational goals moving forward, namely to lift and maintain production in Trinidad to 4,000 bopd by the end of 2014 and to 9,000 bopd by the end of the 2015.
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