Drilling Program Update

Range Resources Ltd
                                                             ABN 88 002 522 009

                                                            34 Parliament Place
                                                             West Perth WA 6005

                                                                     PO Box 684
                                                             West Perth WA 6872

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28 February 2008

Drilling Program Update

Set out below is a drilling program update released by Africa Oil (Range's 80%
joint venture partner in its two on shore Puntland oil and gas concessions)
earlier today Canadian time.

 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2008) - Africa Oil Corp. ("
Africa Oil" or "the Company") (TSX VENTURE:AOI) is pleased to announce that it
has entered into a contract for a drilling rig to begin drilling in our
Puntland concessions during 2008. The contract effective date is February 19th,
2008 and covers the drilling of two wells with a two well option. It is a
standard day rate contract and was negotiated at competitive rates. Drilling
will begin before the commencement deadline date of August 1st, 2008.

The contract was signed with Energi Tata Persada Pte Ltd (ETP), a Singaporean
registered company. ETP is a wholly owned subsidiary of Catur Khita Persada, an
Indonesian oil and gas service company. They own four land drilling rigs and
perform extensive turn key drilling projects in Indonesia. ETP have employed
Roger Boyco to manage the Puntland project. He has over 30 years experience
managing land drilling projects around the world.

The ETP rig No 3 is a brand new package currently being constructed in the
Shengli fabrication plant in Dongying, China. Shengli currently have nine
drilling units under construction for international drilling contractors. The
ETP rig is scheduled for delivery in mid May, 2008 and will immediately
mobilize to Jebel Ali, Dubai. The mobilization into Somalia will be via
chartered vessel and the current plan is to spud the first well during July.

The ETP No 3 is a 1,500 HP unit, equipped with the latest drilling technology,
including a top drive and three 1,600 HP pumps. The camp facility will house up
to 150 persons and will also be brand new. ETP will also provide the trucking
and hoisting equipment as part of their contractual obligations.

President and CEO, Rick Schmitt, commented, "I am delighted that we have been
able to secure a rig which is fully capable of conducting our drilling
campaign."

Forward-looking statements: This press release contains statements about
expected or anticipated future events and financial results that are
forward-looking in nature and, as a result, are subject to certain risks and
uncertainties, such as political risk, general economic, market and business
conditions, the regulatory process and actions, technical issues, new
legislation, competitive and general economic factors and conditions, the
uncertainties resulting from potential delays or changes in plans, the
occurrence of unexpected events and management's capacity to execute and
implement its future plans. Actual results may differ materially from those
projected by management.


ON BEHALF OF THE BOARD
Rick Schmitt, President


The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
Africa Oil Corp.
Sophia Shane
Corporate Development
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.africaoilcorp.com


For Range enquiries, please contact:

Range Resources Ltd.          RFC Corporate Finance    Fox-Davies Capital      
                                                                               
                              (Nominated Adviser)      (Broker)                
                                                                               
Pete Landau                   Stuart Laing             Daniel Fox-Davies       
                                                                               
+ 61 8 9488 5200              [phone]          [phone]     
                                                                               
www.rangeresources.com.au