Company Update

09 February 2010


Company Announcements
Australian Securities Exchange
Exchange Plaza
2 The Esplanade
PERTH WA 6000


By E-lodgment

COMPANY UPDATE

Texas

Range Resources Limited ("Range" or "the Company") would like to announce a
further update on the Company's US Gulf Coast interests.

Despite continual heavy rains along the Texas coast, oil storage tanks and
dehydration / separation equipment have been successfully installed on site.
The Operator has now commenced the installation of the flow line that will
connect the Smith #1 Well to the commercial sales line.

The standing water that can be seen in the photo below will be cleared so that
the flow line can be successfully buried. Once the flow line has been
completed, the final stage will be the connection to the commercial sales line.

The Company will provide further updates as the Smith well progresses towards
first production.

Smith #1 Well - (left to right) Oil Storage Tanks, Smith #1 Wellhead,
Dehydration/Separation Equipment - please see website to view picture. 


For and on behalf of the Board


Regards
Peter Landau
Executive Director


Contacts
Range Resources
Peter Landau
Tel : [phone]
Em: [e-mail]


Australia                                       London
PPR                                             Conduit PR
David Tasker                                    Jonathan Charles
Tel: [phone]                          Tel: + 44 (0) 20 7429 6666
Em: [e-mail]                     Em: [e-mail]


RFC Corporate Finance (Nominated Advisor)       Old Park Lane Capital (Broker)
Stuart Laing                                    Michael Parnes
Tel: [phone]                          Tel: [phone]


Range Background

Range Resources is a dual listed (ASX: RRS; AIM: RRL) oil & gas exploration
company with oil & gas interests in the frontier state of Puntland, Somalia,
the Republic of Georgia and Texas, USA.

  * In Puntland, Range holds a 20% working interest in two licences
    encompassing the highly prospective Dharoor and Nugaal valleys with plans
    to drill two wells (TSXV:AOI) - 65% Operator, in 2010.
   
  * In the Republic of Georgia, Range holds a 50% farm-in interest in onshore
    blocks VIa and VIb, covering approx. 7,000sq.km. Currently, Range is
    undertaking a 350km 2D seismic program.
   
  * Range holds a 25% interest in the North Chapman Ranch project, Texas. The
    project area encompasses approximately 1,680 acres in one of the most
    prolific oil and gas producing trends in the State of Texas. Drilling of
    the first well has resulted in a commercial discovery with production due
    to commence Feb 2010.