Texas Drillign Update

ABN 88 002 522 009

Level 3, 1 Havelock Street
West Perth, WA 6005

P [phone]
F [phone]

8 June 2010

Company Announcements

Australian Securities Exchange

Exchange Plaza

2 The Esplanade

PERTH WA 6000

By E-lodgment

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 Venture's multi-well program in Texas.

As previously announced, the well has been drilled to the intermediate casing
depth of 11,400 ft. Following this, open hole logs were acquired and 9 5/8"
casing set and cemented. Drilling has recommenced towards the proposed target
depth of ~14,000 ft (4,268m).

Well Details

Name of well              Russell Bevly #1                  
                                                            
Spud date                 9 May 2010                        
                                                            
Current depth             ~11,617 ft (3,542m)               
                                                            
Proposed total depth      ~14,000 ft (4,268m)               
                                                            
RRS working interest      20%                               

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

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 6611
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.

  * Range holds a 25% interest in the initial Smith #1 well and 20% interest in
    further wells on 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 independently assessed gross
    recoverable reserves in place of 215 Bcf of natural gas, 16 mmbbls of oil
    and 15 mmbbls of natural gas liquids.
   
  * 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 has
    recently completed a 410km 2D seismic program.