Range Resources Limited provides an update on the Russell Bevly #1 appraisal well as part of the North Chapman Ranch Joint Venture’s multi‐well program in Texas.

The appraisal well Russell Bevly #1 spudded on May 9, 2010 and is progressing.

The projected total depth of the well is 14,000 ft. (4,200m), and located approximately 1,900 ft. (570m) north‐northwest of the Smith #1. Range holds a 20% working interest in the well, which has an estimated dry hole cost of $US3.8m (Range share US$760,000 which was pre‐paid).

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

Tags: Range Resources Limited