Texas Update Russell Bevly #1 Appraisal WellRange Resources...

Texas Update Russell Bevly #1 Appraisal Well

Range Resources Limited (Range or the Company) would like to announce an update on the

Russell Bevly #1 appraisal well as part of the North Chapman Ranch Joint Ventures multi‐well

program in Texas.

The appraisal well Russell Bevly #1 spudded on 9 May 2010 and is progressing as follows:

Name of well Russell Bevly #1

Spud date 9 May 2010

Current depth of well ~10,567 ft (3,222m)

Target depth of well ~14,000 ft (4,268m)

RRS beneficial interest 20%

It is planned to halt the drilling in the coming days with well logging to be performed followed by the

setting of intermediary casing and then the recommencement of drilling.

The projected total depth of the well is 14,000 ft. (4,268m), and located approximately 1,900 ft.

(570m) north‐northwest of the Smith #1. Range holds a 20% working interest in the well, which has

an estimated dry hole cost of $US3.8m (Range share US$760,000 has been pre‐paid).

Range will provide regular updates on the progress on the drilling of the Russell‐Bevly well.

Texas Update Smith #1 Well

As previously announced by the Company, the initial production from the Smith #1 well was from

one zone under natural pressure. The joint venture will shortly shut in the well and commence the

opening of the two other zones as well as fracture stimulation of all three zones.

Range will update on progress accordingly.

For and on behalf of the Board

Regards

Peter Landau

Executive Director

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