Range Resources Limited has successfully drilled and logged the QUN118ST development well on the Morne Diablo concession in Trinidad. The QUN 118ST logged more than 200 ft. of gross oil pay in the shallow Forrest formation, further extending the existing field area to the north and east. The well is currently being completed for initial production from natural pressure, which is expected to commence within the next week.

The Company operates three production areas onshore Trinidad, where it continues to develop existing reserves, extend producing trends, and exploit marginal producing properties.

Exploratory drilling for deeper targets is programmed for 2012, following reprocessing and interpretation of the Company's 3D seismic database, which is scheduled to be completed next month.

Texas

The Company would also like to announce that the surface casing was successfully set on the Albrecht #1 appraisal well on the Company's North Chapman Ranch Project in Texas and recommenced drilling and is currently drilling ahead at a depth of 7,900 ft. with a target depth of 14,500 ft.

The Albrecht # 1 appraisal well marks another milestone in the Company's onshore Texas drilling program, as if successful, it is anticipated to prove up reserves in the South East portion of the North Chapman Ranch license area, and support a re-classification of current Possible reserves into the Probable and Proved categories.

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