trinidad production milestone 1,000 bopd

25 July 2012
ments
rities Exchange Limited
Level 6, 20 Bridge Street
2000
TRINIDAD PRODUCTION MILESTONE – 1,000 BOPD
• Success on the recent two wells targeting the deeper Upper Cruse formation (circa 2,000 ft)
in the Beach
Marcelle Block following an extensive review of historical data and information
had success
) on its Morne
ck in Trinidad.  
ceeding 1,000
for the first time in recent days as the Company continued its Morne Diablo drilling campaign.
Since the acquisition of the assets in Q2 2011, overall production from the fields has increased by
rmation (circa
emely pleasing
of 170+
ds with initial
ate the remaining
two Upper Cruse sands on this second well in the coming days. In addition to the Upper Cruse
formation that these wells are currently producing from, Range also has the Lower Forest sands that
can be perforated at a later date.
Given the early success of these wells in the deeper formation, the Company is looking at the
potential to focus a separate drilling program targeting the Upper Cruse formation, looking to
replicate the early success that came from the targeted approach to the Lower Forest formation.
The Manager  
Company Announce
Australian Secu
Sydney NSW
By e-lodgement  
Highlights
on the Morne Diablo Block in Trinidad
• Production in Trinidad exceeds 1,000 bopd for the first time in recent days  
• A significant number of conventional well locations have been identified
Range Resources Limited ("Range" or "the Company") is pleased to announce that it has
on its recent two wells targeting the deeper Upper Cruse formation (circa 2,000 ft
Diablo Blo
This success has resulted in production from its three onshore Trinidad licenses ex
bopd
more 120%.
The Morne Diablo campaign has seen two wells target the deeper Upper Cruse fo
2,000 ft) in addition to the shallower Lower Forest formation (circa 1,000 ft) with extr
results.
The first well perforated three sands in the Upper Cruse formation with initial production
bopd from this well, whilst the second well has perforated just one of three san
production in excess of 100 bopd. It is anticipated that the Company will perforRange Background
Range Resources Limited is a dual listed (ASX:RRS; AIM:RRL) oil & gas exploration company with oil &
the frontier state of Puntland, Somalia, the Republic of Georgia, Texas, USA and
Trinidad Range recently completed the acquisition of a 100% interest in holding companies
with three onshore production licenses and fully operational drilling subsidiary. Independently
, probable and
s.   
VIa and VIb,
h independent
ated 2 billion
hiani-1) of two
on a revised
the contingent
ntral sections
the highly  
orn Petroleum  
final depth of  
in the Upper  
al results early
er wells on the
ely 1,680 acres
Independently
(on a 100% basis) of 228 Bcf of natural gas, 18 mmbbls of oil and 17
River County,
s project area encompasses approximately 1,570 acres
3P reserves in
tive PUT 6 and
undertake a 350km
2
3D seismic program across the two licences and drill one well per licence, as well as looking to
re-enter a previously suspended well that had a significant historical reserve estimate.  
gas interests in
Trinidad.
• In
assessed Proved (1P) reserves in place of 15.4 MMbls with 19.6 MMbls of proved
possible (3P) reserves and an additional 60 MMbls (mean) of prospective resource
• In the Republic of Georgia, Range holds a 40% farm-in interest in onshore blocks
covering approx. 7,000sq.km. Range completed a 410km 2D seismic program wit
consultants RPS Energy identifying 68 potential structures containing an estim
barrels of undiscovered oil-in-place (on a mean 100% basis) with the first (Muk
exploration wells having spudded in July in 2011.    The Company is focussing
development strategy that will focus on low-cost, shallow appraisal drilling of
resources around the Tkibuli-Shaori (“Tkibuli”) coal deposit, which straddles the ce
of the Company’s two blocks.   
• In Puntland, Range holds a 20% working interest in two licences encompassing
prospective Dharoor and Nugaal valleys. The operator and 60% interest holder, H
Corp. (TSXV: HRN) has completed the first exploration well (Shabeel-1) to a
3,470m having encountered a 12-20m zone of significant hydrocarbon pay
Cretaceous Jesomma Formation. The second well spud in early June 2012 with fin
August.  
• Range holds a 25% interest in the initial Smith #1 well and a 20% interest in furth
North Chapman Ranch project, Texas. The project area encompasses approximat
in one of the most prolific oil and gas producing trends in the State of Texas.
assessed 3P reserves in place
mmbbls of natural gas liquids.
• Range holds a 21.75% interest in the East Texas Cotton Valley Prospect in Red
Texas, USA, where the prospect’
encompassing a recent oil discovery. The prospect has independently assessed
place (on a 100% basis) of 3.3mmbbls of oil.
• Range is earning a 65% (option to move to 75%) interest in the highliy prospec
PUT 7 licences in Putumayo Basin in Southern Colombia. The Company wi