range company update

Texas Second Well Commences

Range Resources Limited ("Range" or "the Company") is pleased to announce that site preparations have commenced in readiness for the upcoming drilling of the RussellBevly Unit #1 well in Nueces County, TX. -The well will be the Company's second to date in the North Chapman Ranch Field, where the Smith #1 discovery well recently commenced production. With a projected total depth of 14,000 ft.
(4,200m), the Russell Bevly #1 well will be an appraisal well located approximately 1,900 ft. (570m)northnorthwest of the Smith #1. - The well is expected to add reserves and production while helping to delineate the overall size of the reservoir. Range holds a 20% working interest in the well, which has an estimated dry hole cost of $US3.8m (Range share US$760,000). Range will provide regular updates on the progress on the drilling of the RussellBevly.

Georgia Seismic Acquisition Completed

Range is also pleased to announce that the Seismic Survey conducted on the License Blocks VIa and VIb in the Republic of Georgia has been completed and signed off by the Company's Georgian Partner, Strait Oil and Gas Ltd ("Strait") with the Seismic Contractors. Strait had engaged the Seismic Contractors to conduct a minimum of 350 km 2D Seismic survey over the license area in accordance with the Phase II provisions of the PSA governed by a contract signed in September 2009.

The seismic programme was acquired using the vibroseis technique and in total 410 kms of 2D seismic data were recorded. From the onset the character of the data observed in the QC brute stacks was good to very good and remained so throughout the programme.