RIG SECURED FOR GEORGIAN DRILLING - WELL TO SPUD IN APRIL...

RIG SECURED FOR GEORGIAN DRILLING - WELL TO SPUD IN APRIL 2011

Highlights

* Drilling rig secured for drilling program in Georgia

* Mobilisation to commence March 2011 with well to spud in April 2011

International oil and gas exploration, development and production company,
Range Resources Limited ("Range" or "the Company") is pleased to announce,
along with its Georgian partners, Strait Oil and Gas Ltd ("Strait") and Red
Emperor Resources NL (ASX: RMP) ("Red Emperor"), that a drilling rig has been
secured for the upcoming Georgian drilling program.

The Company has entered into agreement with Edeco Petroleum Services Limited
("Edeco") to provide the drilling rig, with operations currently underway on
preparing and servicing the rig and associated inventory in readiness for
mobilisation, currently scheduled to commence March 2011, with spudding in
April 2011.

The Company undertook a comprehensive approach in securing the rig, engaging
highly experienced drilling project manager First Drill Limited ("First Drill")
to assist in identifying the most appropriate rig for the proposed Georgian
drilling program and to help supervise the program.

Peter Landau, Range's executive director commented, "This is a significant and
exciting milestone for the Company, as it paves the way for the Range's first
exploration well in Georgia, following the successful seismic program and
helium survey".

Background on Edeco

Founded in 1931 as a manufacturer of drilling equipment and were the first
company to provide support operations in the North Sea. They have operated in
over 35 countries and are currently operating in excess of 40 onshore drilling
and workover rigs.

Yours faithfully
Peter Landau