Just released on AIM. No new flow rates in Trinidad but seems...

Just released on AIM. No new flow rates in Trinidad but seems progress is moving ahead quite steadily. Georgia still a few weeks away.

Cheers,
Wayno.


OPERATIONS 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 respect to the Company's Texan and Trinidadian
operations.

Trinidad

Following on from the successful completion of QUN 115 and MD 247, the Company
recently spudded a step out well - QUN 116 with Rig 1 and has successfully set
surface casing to 100 ft. Drilling continues at approximately 725 ft with a
target depth of 1,000 ft, targeting the Lower Forest oil sands.

Rig 2 recently passed final Ministry inspection on location and has spudded QUN
117, the fourth well in the Company's planned initial 21 well program. Another
step out well, QUN 117 has a projected total depth of 2,000 ft and is targeting
the Lower Forest oil sands as well as the prolific underlying Upper Cruse
reservoirs.

Rig 8 is currently being serviced and is set to join the drilling programme
shortly following recertification. Once placed back into service, Rig 8 will be
used to target deeper reservoirs, including the Middle and Lower Cruse oil
sands with target depths averaging 6,500 ft. The Middle and Lower Cruse
reservoirs have historically been the most prolific within the existing fields,
but are under developed in certain areas. The Range drilling program is
expected to add reserves and production from these sands within the existing
fields, while extending the producing trend into new areas. Rig 8 is the third
and last drilling rig to be introduced into the 2011 drilling program. The
Company will introduce other drilling and completion rigs into the fleet to
accelerate drilling and production increases early 2012. The ability to develop
reserves from deeper objectives will become an increasing focus as the Company
tests other known producing horizons such as the Herrera formation.

The Company is buoyed by this early success and remains confident of increasing
production to between 1,400 - 1,800 bopd from this initial programme in
Trinidad.

North Chapman Ranch

The drilling rig has recently moved to the Smith #2 site, being an offset well
to the Smith #1 discovery well. The Smith #2 well is regarded as a relatively
low risk development well. Once completed, the rig is expected to move to the
Albrecht #1 well site, a step-out well that is intended to extend the North
Chapman Ranch field to the south east with the objective of adding significant
reserves, production, and cash flow. Should the Smith #2 and Albrecht #1 prove
successful, the partners will jointly consider a multi-well program for 2012
that could see as many as four additional wells drilled in the field.

The Company will look to provide regular updates as to the progress of the
Smith #2 drilling operations.

East Texas Cotton Valley

The operator has resumed testing of the Ross 3H horizontal wells with
additional perforations being added between 7,245 and 7,675 feet in the
horizontal section. Swabbing operations have commenced looking to confirm oil
saturation before the commencement of fraccing operations to the reservoir.

Georgia

The Company is also pleased to report that their partner and project operator
in Georgia, Strait Oil and Gas Ltd, have drilled to the intermediate depth of
1544 meters with a proposed total depth of 3500 meters. Drilling operations are
continuing after a short interruption to undertake a comprehensive data
collection program for close analysis. The analysis is deemed prudent to
determine if the well has reached the Paleozoic granite basement or is
drilling through a subvolcanic intrusive which is masking the targeted primary
reservoir objective at the depth of about 2,300m as interpreted from the
helium survey and exists with other similar discoveries found under subvolcanic
intrusives. An additional factor for undertaking the analysis is the slow
drilling rates that are being achieved through the highly variable intrusive
complex.

A full suite of wireline logs has been successfully recorded. Additional
valuable information has been obtained through the successful collection of 10
sidewall cores from critical intervals. Preparations are underway for cutting a
full diameter conventional core within the nearest future. Once the coring
program is completed, a Vertical Seismic Profile (VSP) survey will be run.

The new data will then be integrated into the full data set and the subsurface
situation reinterpreted as appropriate. This reinterpretation will then be used
to determine the next steps for the well depending on the progress of the well
at that point in time. The VSP survey will be undertaken in approximately 10 to
14 days.

For and on behalf of the Board

Regards

Peter Landau - Executive Director