28june update and june23 presentation

http://www.iii.co.uk/investment/detail/?display=news&code=cotn:RRL.L&action=article&articleid=8283579

{ 28 June 2011


The Manager
Company Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge Street
Sydney NSW 2000


By e-lodgement


COMPANY UPDATE

International oil and gas exploration, development and production company,
Range Resources Limited ("Range" or "the Company") is pleased to announce the
following updates with regards to its drilling operations in Georgia, Trinidad
and Texas.

Georgia

The Company is pleased to announce that the exploration drilling rig and
associated equipment that will be used for the Company's two well exploration
program in Georgia arrived at the port of Poti in Georgia recently and is now
on site being erected with a scheduled spudding date of early July. A total of
40-50 personnel will be conducting the drilling program on a 24 hour basis.

This Mukhiani well is targeting the Vani 3 prospect which has a best estimate
of gross undiscovered oil in place of +115mbbls (with 46MMbls attributable to
Range's 40% interest). This prospect was also the subject of the geochemical
helium survey completed by Actual Geology earlier this year with the results
identifying a positive presence of helium anomalies across the prospect that
indicate the presence of a working hydrocarbon system.

The Mukhiani well is targeting a depth of approximately 3,500m and is expected
to reach target depth within 45-55 days, and is the first of a two well highly
prospective exploration drilling program to be completed by Range and its joint
venture partners in Georgia this year.

Trinidad

The Company is also pleased to announce that it is on track to commence the
shallow target development drilling program (depths to 1,500ft) in Trinidad
involving 15-20 wells to be completed before year-end utilising a number of the
Company's drilling rigs. It is anticipated that the first well in the program
will commence around the end of July with the Company to provide regular
updates on the progress of the shallow well program. The Company is also
finalising plans for an initial well to test the deeper Herrera formation
target with an indicative proposed spudding date in late Q3 / early Q4.


Broker / Analyst Visit to Company's Texan and Trinidad Interests

The Company also recently hosted a number of UK, European and Australian
brokers and analysts on a comprehensive site visit of the Company's Trinidad
and Texan assets as well as receiving presentations from the Company's partners
in Georgia regarding the current drilling program. This included the current
brokers the cover the Company together with a number of new brokers, and the
Company is anticipating some updated and initiating research from a number of
these analysts in the coming weeks.

East Texas Cotton Valley

The Company is also pleased to announce that preparations have been completed
in anticipation of the fracture stimulation of the Ross 3H horizontal well. The
well bore has been cleaned out and perforated, with the frac tanks now being
filled ahead of fracture stimulation operations due to commence following the
arrival of the frac equipment and crew. If successful, the Ross 3H well is
expected to launch a development program of 15-20 additional horizontal wells,
each of which could potentially recover between 200,000 and 500,000 bbls.
Having recently increased its interest to 21.75% of the field, Range is well
positioned to add significant oil production and cash flow to its growing US
operations.


Issue of Shares and Options

Range Resources Ltd (the "Company") is pleased to announce the issue of the
following securities:

* 49,374,800 Ordinary Fully Paid Shares being issued in a placement to
sophisticated and institutional investors at £0.17 as approved at the
recent general meeting

* 9,353,264 Ordinary Fully Paid Shares being issued upon exercise of listed
options (A$0.05, 31 December 2011)

* 7,247,059 Ordinary Fully Paid Shares being issued in lieu of a US$2m cash
payment for the Trinidad acquisition

* 35,842,293 Ordinary Fully Paid Shares being issued as part consideration
for the Trinidad acquisition as approved at the recent general meeting

* 162,057 Ordinary Fully Paid Shares being issued in lieu of facilitation and
various corporate and consulting services provided to the Company

* 7,058,824 Unlisted Options (£0.17, 30 April 2016) to be issued as capital
raising fees on the recent placement to sophisticated and institutional
investors

Following the issue of these securities the total number of securities on issue
are as follows:

1,706,895,935 Ordinary Fully Paid Shares (RRS)

197,777,861 Listed Options (RRSO) (A$0.05, 31 December 2011)

7,058,824 Unlisted Options (£0.17, 30 April 2016)

855,166 Unlisted Options (£0.04, 30 June 2015)

60,000,000 Unlisted Directors Options (A$0.10, 31 Dec 2011)

3,177,029 Unlisted Options (A$0.50, 30 June 2012)

Application will be made for the new shares to be admitted to trading on AIM
and ASX, with trading in the new shares on AIM expected to commence on or
around 6 July 2011.

Yours faithfully



Peter Landau
Executive Director
============================================================= AGM 23 June presentation, very well laid out!

http://www.rangeresources.com.au/fileadmin/user_upload/asx/ASX_Announcement_Results_of_GM_230611.pdf