Range Resources Limited provides the following updates with regards to the Company's production and development assets in Texas and Trinidad.

Texas Work is being completed on the North Chapman Ranch fracture stimulation ('frac') program, where results have seen a dramatic increase to oil and gas flow rates from the Russell-Bevly #1 well. Work has now been completed on the uppermost zone of the Russell-Bevly, where indications are that the frac was a complete success, with 150,000 lbs. of frac sand having been pumped into the formation. Stabilised flow rates are approximately 3.5 MMcfd and 350 Bopd from the one zone alone, which should add substantially to the overall rate and recovery from the well once co-mingled with the other completed zones (expected to significantly exceed the budgeted 4 MMcfd and 350 Bopd for all the producing zones in the well). Work will now move back to the Smith well.

In the East Clarksville field, Range and its partners await the arrival of frac equipment and crews to begin work on the recently drilled Ross 3H horizontal well. The well was successfully drilled and cased with a 3,400 ft. later section, with good oils shows observed throughout the horizontal drilling phase. Frac work is expected to begin within the next 2 weeks.

Trinidad Following on from the recently announced agreement that sees Range acquiring 100% of SOCA Petroleum (with completion to occur in the coming days), the Company, along with operations teams in Dallas and Trinidad, is currently finalizing an aggressive work program that is expected to see a rapid increase in production from the existing reserve base as it moves towards its targeted production rate of 4,000 bopd from existing P1 and P2 reserves (currently production is 650-700 bopd). The program will also target the deeper (and potentially bigger) Herrera formation and untested areas not currently forming part of the current reserve base.

The work program is expected to commence in the next 30-45 days with the first phase being 9 shallow wells in the Upper Cruse, Lower Forest, and Shallow Forest formations, at depths of 250-2,000 ft. Based on the shallow target depths, individual wells are expected to take approximately one to two weeks to drill and complete, with initial flow rates expected in the range of 40-150 bopd per well. Range's technical team will also reprocess the existing 3D seismic to upgrade the current 10 plus Herrera targets and will provide regular updates on progress with this work. The process will also update the Company's current reported reserves.

Added Peter Landau, Range Executive Director, "We couldn't be more pleased with the results of the recent frac work on the Russell-Bevly #1. Initial rates from this one zone alone have surpassed what other operators are getting from several wells combined. We are also very excited about the imminent drilling operations in Trinidad. In preparation for what we see as an aggressive development program designed to immediately increase oil production from the existing fields, the Company is taking steps to ensure that the required equipment and drilling supplies are on hand, while addressing human resource needs to meet the additional administrative and operational demands."

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