Range wishes to provide the following update on the Company's corporate and operational activities.

Trinidad Update

Operations continue without any safety or environmental incidents and have been LTI-free since September 2013. Average production for March was 533 bpd oil. Three of the fleet of six drilling rigs are fully operational and drilling ahead. The fourth (rig 1) has now undergone preliminary regulatory inspections prior to becoming operational. The maintenance programme for the remaining heavy rigs 6 & 7 continues. Morne Diablo field development drilling update: QUN 148 well completed and on production. QUN 149 well drilled to a total depth of 1,400 ft. in the Lower Forest horizon. The well was completed and is under production test. QUN 150 well is drilling with the rig at approximately 700 ft. (target depth 1,400 ft.)

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