TEXAS UPDATERange Resources Limited (?Range? or ?the Company?)...

TEXAS UPDATE

Range Resources Limited (?Range? or ?the Company?) would like to announce an update on the Company?s US Gulf Coast interests following the successful connection of the Smith #1 well to the sales line earlier this week.

Initial production is from the middle of three zones and is significantly better than expected. Flow rates indicate that the currently producing zone may not require fracture stimulation. The well initially flowed from the middle zone at 2.5mmcf / day at a flowing pressure of 8,000 psi on a 6/64ths choke, increasing to 3.3mmcf and 290 bbls of oil per day without fracturing. The well is currently being stabilised in order to run a 72 hour test this week.

It is anticipated that the well will be producing from this zone for several months before it will be shut in and a completion rig likely moved in. Once the completion rig is in place, the lower zone is expected to be fracture stimulated and tested, along with the upper zone. All three zones will then
be comingled and produced. Each zone is expected to be of similar size.

Depending upon the initial performance of the middle zone over the coming months, the Operator may elect to fracture this zone as well. Hydraulically fracturing the reservoirs would create additional permeability paths from the reservoir to the well bore, which should sharply increase initial rates
from the various pay zones, which in turn would accelerate payout while improving reserve recovery and overall economics.

The Company will continue to provide further updates on the progress of its portfolio of assets.