Statement re Share Price Movement

Range Resources Ltd
                                                             ABN 88 002 522 009
                                                            34 Parliament Place
                                                             West Perth WA 6005
                                                                     PO Box 684
                                                             West Perth WA 6872
                                                             P: [phone]
                                                             F: [phone]

                                                    [e-mail]

17 December 2007

                      Response to Price and Volume Query                       

 
The Company wishes to advise it received a price and volume query from the
Australian Securities Exchange ("ASX"). For further details please refer to the
ASX website or the Company's website. The response to the query is shown below.

17 December 2007

Jill Hewitt
Issuers Adviser (Perth)
Australian Stock Exchange
Level 8, Exchange Plaza
2 The Esplanade
PERTH WA 6000

By Facsimile - 9221 2020

                    Range Resources Limited (the "Company")                     

RE: PRICE AND VOLUME QUERY

I refer to your letter dated 17 December 2007 in relation to the recent change
in price of the Company's securities and respond as follows in line with the
number of your letter.

 1. The Company is not aware of any information concerning it, that has not
    been announced and which, if known, could be an explanation for recent
    trading in the securities of the Company;
   
 2. Not applicable.
   
 3. There is no other explanation that the Company has for the price change and
    increase in volume in the securities of the Company
   
 4. I further confirm that the Company is in compliance with the ASX Listing
    Rules and, in particular, Listing Rule 3.1.

Yours Faithfully


Peter Landau
Executive Director/Company Secretary

www.rangeresources.com.au

Range's nominated adviser is RFC Corporate Finance Ltd, contact: Stuart Laing,
ph: [phone] .